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Affordable
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These days, finding an affordable place to live in the Clarklake area can be challenging. Home prices in Clarklake are now at a median cost of $313,232, higher than the Michigan average of $250,415.
The average cost of rent is $1,081/mo in Clarklake, primarily driven by the current value of real estate in the Clarklake area. In Clarklake, 9.02% of households rent, and 41.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Clarklake is $8,790 per month. Households that rent pay about 12.30% of their income on rent here. Clarklake’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Liberty, MI: less expensive homes
- Jefferson, MI: less expensive homes
- Cement City, MI: less expensive homes
- Somerset, MI: less expensive homes
- Somerset Center, MI: less expensive homes
- Vandercook Lake, MI: less expensive homes
- Jerome, MI: less expensive homes
- Brooklyn, MI: less expensive homes
- Horton, MI: less expensive homes
- Napoleon, MI: less expensive homes
Cities with Similar Populations
- Williamsburg, CO: equally priced homes
- Parkside, PA: less expensive homes
- Post Oak Bend City, TX: higher priced homes
- Fawn Grove, PA: equally priced homes
- Smithfield, KY: equally priced homes
- Smyrna Landing, DE: higher priced homes
- Towamensing Trails, PA: equally priced homes
- Dresser, WI: less expensive homes
- Dermott, AR: less expensive homes
- Conneaut Lakeshore, PA: less expensive homes
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