Market Overview
Home Prices in Clare, IL
The median home value in Clare, IL is $425,046 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.6% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clare are priced4% above average. Clare is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Clare home values have risen by approximately34.5%, reflecting strong long-term appreciation in this market.
Price History
Clare Home Price Trend
City Comparison
Clare vs. National Median
At $425,046, homes in Clare cost 4% above the national median of $410,000. Buyers in Clare should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Clare?
20% Down Payment
$85,009
on $425,046
Monthly P&I
$2,217/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,816/mo
incl. taxes & insurance
Income Needed
$112,640
gross annual (30% rule)
10% Down Option
$42,505
+ PMI applies
Loan Amount (20% dn)
$340,037
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 Clare, IL?
The median home value in Clare is $425,046 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.6% year-over-year.
How much have home prices changed in Clare?
Over the past year, home values in Clare have increased by 8.6%. Over five years, prices have risen approximately 34.5%.
How much do I need to earn to buy a home in Clare?
To comfortably afford the median home price of $425,046 with a 20% down payment ($85,009) at today's rates (6.8%), you'd need a gross annual income of approximately $112,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Clare compare to the national average home price?
The national median home value is approximately $410,000. At $425,046, homes in Clare are 4% above the national average.
What metro area is Clare part of?
Clare is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.