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 | Clearfield County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,200 | $154,283 | $242,182 |
| Price Trend (Annual %) | -1.2% | 4.4% | 8.2% |
| Median Gross Rent | $787 | $1,161 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clearfield County is about 62% 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
Home prices and rent are moving in opposite directions in Clearfield County: home prices fell about 1.2% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
Median rent in Clearfield County rose about 35.3% between 2015 and 2023, from $582 to $787. Over the same span, rent in Pennsylvania rose about 38.3%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Clearfield County.
Buying the median-priced home in Clearfield County costs roughly 6.3 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 Clearfield County. The price-to-rent ratio in Pennsylvania is about 11.1.
| Metric | Clearfield County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,200 | $154,283 | $242,182 |
| Median Household Income | $60,194 | $76,231 | $78,145 |
| Price-to-Income Ratio | 1.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clearfield County fell about 10.0%, while median household income rose about 65.3% 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 | Clearfield County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.9% | 62.8% | 58.2% |
| Rental Rate | 18.2% | 27.8% | 31.3% |
| Vacancy Rate | 15.9% | 9.4% | 10.6% |
| Median Tenure (years) | 22.0 | 17.0 | 15.0 |
| Median Year Moved In | 2004 | 2009 | 2011 |
Clearfield County has a homeownership rate of 65.9%, higher than the Pennsylvania average of 62.8%. Its housing vacancy rate is 15.9%, compared with 9.4% in Pennsylvania.
Housing Stock
| Metric | Clearfield County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1966 | 1965 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Clearfield County was built around 1966. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clearfield County, Pennsylvania.
What is the median home price in Clearfield County, Pennsylvania?
The median home price in Clearfield County, Pennsylvania is $59,200, lower than the Pennsylvania average of $154,283.
What is the average home price in Clearfield 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 Clearfield County, Pennsylvania?
The median gross rent in Clearfield County, Pennsylvania is $787 per month, lower than the Pennsylvania average of $1,161.
What was the median gross rent in Clearfield County in 2020?
In 2020, the median gross rent in Clearfield County, Pennsylvania was $687 per month.
What is the price-to-rent ratio in Clearfield County, Pennsylvania?
The price-to-rent ratio in Clearfield County, Pennsylvania is about 6.3, meaning it would take roughly 6.3 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 Clearfield County.
Are home prices or rent rising faster in Clearfield County, Pennsylvania?
Home prices and rent are moving in opposite directions in Clearfield County: home prices fell about 1.2% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Clearfield County, Pennsylvania?
65.9% of households in Clearfield County, Pennsylvania own their home, higher than the Pennsylvania average of 62.8%.
What is the vacancy rate in Clearfield County, Pennsylvania?
The housing vacancy rate in Clearfield County, Pennsylvania is 15.9%, higher than the Pennsylvania average of 9.4%.