A typical Clear Lake home is worth roughly $757,000
The median sale price was $1,285,000 in May 2026.
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Clear Lake?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Clear Lake
Try your own numbers below.
That’s $471K short of a typical Clear Lake home.
A two-bedroom rents for about $1,280 a month here, $3,160 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Indiana typical property tax (0.74% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
85% of Clear Lake households own their home
Half of Clear Lake’s homes were built before 1973.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 65% in 5 years
The federal house price index for the ZIP code around Clear Lake rose 65% over the past 5 years, faster than across Indiana (53%). Last year prices rose 1.6%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Clear Lake, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,280
Renters already here pay a median of $1,167.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Steuben County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2007
No permits for new homes were issued in Clear Lake in 2007. The last year with any was 2005 (6 new homes).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 6 | 6 | 0 | $1.5 million |
| 2004 | 6 | 6 | 0 | $1.5 million |
| 2003 | 6 | 6 | 0 | $1.5 million |
| 2002 | 6 | 6 | 0 | $1.5 million |
| 2001 | 4 | 4 | 0 | $1.3 million |
| 2000 | 4 | 4 | 0 | $915,000 |
Clear Lake's permit office didn't report to the Census in 2007, so the 2007 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Neighbors talk housing
What Clear Lake buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.