Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clarion County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,500 | $154,283 | $242,182 |
| Price Trend (Annual %) | 1.0% | 4.4% | 8.2% |
| Median Gross Rent | $784 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clarion County is about 34% lower than in Pennsylvania. Rent is about 32% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Clarion County, up about 1.0% and 3.7% a year respectively. Rent is changing faster.
Median rent in Clarion County rose about 29.0% between 2015 and 2023, from $608 to $784. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Clarion County.
Buying the median-priced home in Clarion County costs roughly 10.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Clarion County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Clarion County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $102,500 | $154,283 | $242,182 |
| Median Household Income | $60,702 | $76,231 | $78,145 |
| Price-to-Income Ratio | 1.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clarion County fell about 7.1%, while median household income rose about 55.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Clarion County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 62.8% | 58.2% |
| Rental Rate | 22.7% | 27.8% | 31.3% |
| Vacancy Rate | 20.6% | 9.4% | 10.6% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
Clarion County has a homeownership rate of 56.7%, lower than the Pennsylvania average of 62.8%. Its housing vacancy rate is 20.6%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Clarion County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1965 | 1965 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Clarion County was built around 1965. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clarion County, Pennsylvania.
What is the median home price in Clarion County, Pennsylvania?
The median home price in Clarion County, Pennsylvania is $102,500, lower than the Pennsylvania average of $154,283.
What is the average home price in Clarion County, Pennsylvania?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Clarion County, Pennsylvania?
The median gross rent in Clarion County, Pennsylvania is $784 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Clarion County in 2020?
In 2020, the median gross rent in Clarion County, Pennsylvania was $664 per month.
What is the price-to-rent ratio in Clarion County, Pennsylvania?
The price-to-rent ratio in Clarion County, Pennsylvania is about 10.9, meaning it would take roughly 10.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Clarion County.
Are home prices or rent rising faster in Clarion County, Pennsylvania?
Both home prices and rent are rising in Clarion County, up about 1.0% and 3.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Clarion County, Pennsylvania?
56.7% of households in Clarion County, Pennsylvania own their home, lower than the Pennsylvania average of 62.8%.
What is the vacancy rate in Clarion County, Pennsylvania?
The housing vacancy rate in Clarion County, Pennsylvania is 20.6%, higher than the Pennsylvania average of 9.4%.