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These days, finding an affordable place to live in the Clear Lake area can be challenging. Home prices in Clear Lake are now at a median cost of $422,772, higher than the Indiana average of $232,932.
The average cost of rent is $1,651/mo in Clear Lake, primarily driven by the current value of real estate in the Clear Lake area. In Clear Lake, 11.95% of households rent, and 53.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Clear Lake is $7,766 per month. Households that rent pay about 21.26% of their income on rent here. Clear Lake’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Montgomery, MI: less expensive homes
- Berlien, IN: less expensive homes
- Fremont, IN: less expensive homes
- Nettle Lake, OH: less expensive homes
- Canada Shores, MI: equally priced homes
- Camden, MI: less expensive homes
- Reading, MI: less expensive homes
- York, IN: less expensive homes
- Kinderhook, MI: less expensive homes
- Angola, IN: less expensive homes
Cities with Similar Populations
- Eldorado Springs, CO: higher priced homes
- Livingston, KY: less expensive homes
- Sheridan, NY: less expensive homes
- Sheridan, TX: less expensive homes
- Locust Grove, KY: less expensive homes
- Springtown, MO: less expensive homes
- Foreston, SC: less expensive homes
- Sugar Run, PA: less expensive homes
- Summersville, OH: less expensive homes
- Florence, IL: less expensive homes
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