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Clarence

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

Median Home$104,000
Median Rent$921/month
Population343
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance18% construction
Home Value Growth+10.9% over 2 years
Family-Friendly36% of residentstop 1% nationally
Homeowners77% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Clarence
LA

Frequently Asked Questions

What are today's mortgage rates in Clarence?

As of today, the 30-year fixed mortgage rate for Clarence is approximately 7.059% (7.101% 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 $104k. The median monthly rent is $921. Annual property taxes average $481. 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 10.9% 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 $448/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarence is $50k/year.

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What industries drive the economy in Clarence?

The largest employment sectors in Clarence are public administration (24%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.