Housing in Clear Lake

A typical Clear Lake home is worth roughly $881,000

Home prices around Clear Lake have risen about 53% over the past 5 years.

Typical home value

$881K

▲ 5.5% in a year · WA $592K

Estimate

2-bedroom rent

$1,860

a month, utilities in · HUD

Median tax bill

$6,575

WA $4,556

What kind of housing town is Clear Lake?

Read from the numbers below. The page puts what stands out first.

Pricier than WA49% above the Washington typical home.Newer homesThe typical home was built around 1995.

★ What stands out · Affordability

A typical home costs 9.2 years of income

More than across Washington (6 years). Try your own numbers below.

You could afford about

$377,000

Typical Clear Lake home $881K

That’s $503K short of a typical Clear Lake home.

The typical home, each month

$5,230

Loan $4,360Tax $610Insurance $260

A two-bedroom rents for about $1,860 a month here, $3,370 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Clear Lake’s typical property tax (0.83% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

82% of Clear Lake households own their home

Half of Clear Lake’s homes were built before 1995.

Owners and renters

Own 82%Rent 18%

Washington: 64% own.

1995

typical home built · WA 1985

$6,575

median property tax bill · WA $4,556

0.83%

of a home’s value, a year in tax · WA 0.81%

14%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 53% in 5 years

The federal house price index for the ZIP code around Clear Lake rose 53% over the past 5 years, faster than across Washington (44%). Last year prices rose 5.5%. Carrying the Census median home value forward with that index puts the typical Clear Lake home at roughly $881,000 today.

Clear Lake areaWashington

+5.5%

past year

+53%

past 5 years

+138%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $881K.

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.

Renting

A two-bedroom rents for about $1,860

Renters already here pay a median of $1,699.

Fair Market Rent a month, utilities included

Studio$1,340

1 bedroom$1,510

2 bedrooms$1,860

3 bedrooms$2,600

4 bedrooms$2,970

18%

of households rent · WA 36%

101

renter households

62%

of renters spend 30%+ of income on rent · WA 50%

23%

of the median income, for a two-bedroom

$1,699

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Tacoma, WA HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Clear Lake vs. its neighbors

The towns that share a border with Clear Lake. Tap one to see its housing page.

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Clear Lake	$881K*	+5.5%†	$1,860	$95,882
Kapowsin	—	+6.2%†	$2,330	—

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Clear Lake buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Clear Lake still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community 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.