Market Overview
Home Prices in Clare, MI
The median home value in Clare, MI is $234,232 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.4% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clare are priced43% below average. Clare is part of the Mount Pleasant, MI metro area.
Over the past five years, Clare home values have risen by approximately32.5%, reflecting strong long-term appreciation in this market.
Price History
Clare Home Price Trend
City Comparison
Clare vs. National Median
At $234,232, homes in Clare cost 43% below the national median of $410,000. This makes Clare a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Clare?
20% Down Payment
$46,846
on $234,232
Monthly P&I
$1,222/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,552/mo
incl. taxes & insurance
Income Needed
$62,080
gross annual (30% rule)
10% Down Option
$23,423
+ PMI applies
Loan Amount (20% dn)
$187,386
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, MI?
The median home value in Clare is $234,232 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.4% year-over-year.
How much have home prices changed in Clare?
Over the past year, home values in Clare have increased by 11.4%. Over five years, prices have risen approximately 32.5%.
How much do I need to earn to buy a home in Clare?
To comfortably afford the median home price of $234,232 with a 20% down payment ($46,846) at today's rates (6.8%), you'd need a gross annual income of approximately $62,080. 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 $234,232, homes in Clare are 43% below the national average.
What metro area is Clare part of?
Clare is part of the Mount Pleasant, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.