Clare County, MI real estate

What the numbers say

Clare County, MI real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Clare County pay a median of $1,489 a year in property taxes on a median home value of $133,800, an effective rate of about 1.11%. The Michigan average is 1.25%, which makes Clare County the #46 lowest-tax of 83 counties in the state with published tax data.

Renters pay a median of $765 a month, and $839 for a two-bedroom. At today's prices a typical home costs about 15 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $134,000 home here comes to about $909 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $39,000 a year (the median household here earns $49,384).