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Clare city, MI

ZIP 48617 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48617

Median Home Value
$154,500
Median Rent
$675
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$992/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48617 in Clare city, MI, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $992. That sits below the local median household income ($56,601), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.8%+16% vs US avg
x
Vacancy Rate
17.9%+74% vs US avg
x
Broadband Access
81.3%-7% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
48.0%+26% vs US avg
x
$154,500
Home Value
$675
Rent
1972
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.7%
  • 1-unit attached0.9%
  • 2-9 units6.8%
  • 10+ units6.7%
  • Mobile home & other12.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,500
Median rent$675
Owner-occupied75.8%
Vacant17.9%
Price-to-income2.7x
Est. income to buy$43,000