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Clarence

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

Median Home$89,200
Median Rent$637/month
Population762
Leading IndustriesManufacturing · Wholesale Trade · Professional Services1% manufacturing
Home Value Growth⬆⬆⬆+58.3% over 2 years
Retirees25% of residentsabove average nationally
Homeowners78% of occupied units
NotableAffordable Market$89k median home · lower cost than 95% of the country
NotableTransit81/100 · excellent transit access
Clarence
MO

Frequently Asked Questions

What are today's mortgage rates in Clarence?

As of today, the 30-year fixed mortgage rate for Clarence is approximately 6.874% (6.909% 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 $89k. The median monthly rent is $637. Annual property taxes average $761. 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 58.3% 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 Clarence?

Based on a typical all-in ownership cost of $628/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarence is $54k/year.

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What industries drive the economy in Clarence?

The largest employment sectors in Clarence are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.