Market Overview
Home Prices in Clarence, IA
The median home value in Clarence, IA is $200,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.2% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clarence are priced51% below average. Clarence is part of the Cedar Rapids, IA metro area.
Over the past five years, Clarence home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Clarence Home Price Trend
City Comparison
Clarence vs. National Median
At $200,519, homes in Clarence cost 51% below the national median of $410,000. This makes Clarence a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Clarence?
20% Down Payment
$40,104
on $200,519
Monthly P&I
$1,046/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,328/mo
incl. taxes & insurance
Income Needed
$53,120
gross annual (30% rule)
10% Down Option
$20,052
+ PMI applies
Loan Amount (20% dn)
$160,415
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Clarence, IA?
The median home value in Clarence is $200,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.2% year-over-year.
How much have home prices changed in Clarence?
Over the past year, home values in Clarence have increased by 0.2%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Clarence?
To comfortably afford the median home price of $200,519 with a 20% down payment ($40,104) at today's rates (6.8%), you'd need a gross annual income of approximately $53,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Clarence compare to the national average home price?
The national median home value is approximately $410,000. At $200,519, homes in Clarence are 51% below the national average.
What metro area is Clarence part of?
Clarence is part of the Cedar Rapids, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.