Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,827 people, 2,342 houses or apartments, and a median cost of homes of $285,951, Clarklake real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Clarklake, accounting for 97.26% of the town's housing units. Other types of housing that are prevalent in Clarklake include row houses and other attached homes ( 1.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clarklake. Owner-occupied housing accounts for 92.31% of Clarklake's homes, and 69.34% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Clarklake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Clarklake built between 1940-1969 ( 27.56%). A lesser amount of the housing stock also hails from before 1939 ( 17.84%). There's also some housing in Clarklake built between 2000 and later ( 13.61%).
Vacant housing appears to be an issue in Clarklake. Fully 14.60% of the housing stock is classified as vacant. Left unchecked, vacant Clarklake homes and apartments can be a drag on the real estate market, holding Clarklake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Clarklake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.93%, which ranks in the top 50% nationwide. This equates to an annual average Clarklake house appreciation rate of 6.74%.
NeighborhoodScout's data show that during the latest twelve months, Clarklake's appreciation rate, at 6.28%, has been at or slightly above the national average. In the latest quarter, Clarklake's appreciation rate has been 3.84%, which annualizes to a rate of 16.27%.
Importantly, this makes Clarklake one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Michigan, our data show that Clarklake's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.
$285,951
for Michigan
for nation
2,342
$939 / per month