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Clarence

Learn about the people, housing, costs and businesses in Clarence, Pennsylvania

Median Home$173,700
Median Rent$830/month
Population626
Leading IndustriesRetail · Manufacturing · Wholesale Trade16% retail
Home Value Growth+7.5% over 2 years
Young Adults24% of residents
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Clarence
PA

Frequently Asked Questions

What are today's mortgage rates in Clarence?

As of today, the 30-year fixed mortgage rate for Clarence is approximately 6.988% (7.027% 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 Clarence?

The median home value in Clarence is $174k. The median monthly rent is $830. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Clarence?

Home values in Clarence have increased 7.5% over the past two years. This represents moderate growth. 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 Clarence?

Based on a typical all-in ownership cost of $910/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarence is $69k/year.

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What industries drive the economy in Clarence?

The largest employment sectors in Clarence are public administration (26%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.