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Clare

Learn about the people, housing, costs and businesses in Clare, Michigan

Median Home$137,438
Median Rent$844/month
Population3,473
Leading IndustriesPublic Administration · Professional Services · Healthcare27% public administration
Home Value Growth⬆⬆+17.4% over 2 years
Retirees26% of residentsabove average nationally
Homeowners65% of occupied units
NotableTransit80/100 · excellent transit access
NotableAmenity Score67/100 · highly walkable area
Clare
MI

Frequently Asked Questions

What are today's mortgage rates in Clare?

As of today, the 30-year fixed mortgage rate for Clare is approximately 6.902% (6.938% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Clare?

The median home value in Clare is $137k. The median monthly rent is $844. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Clare?

Home values in Clare have increased 17.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Clare?

Based on a typical all-in ownership cost of $841/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clare is $42k/year.

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What industries drive the economy in Clare?

The largest employment sectors in Clare are public administration (27%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.