Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,413, 1,536 total housing units (homes and apartments), and a median house value of $176,846, house prices in Clarion are solidly below the national average.
Single-family detached homes are the single most common housing type in Clarion, accounting for 46.00% of the borough's housing units. Other types of housing that are prevalent in Clarion include large apartment complexes or high rise apartments ( 31.83%), duplexes, homes converted to apartments or other small apartment buildings ( 19.36%), and a few row houses and other attached homes ( 2.11%).
Clarion is dominated by renter-occupied one, two, or no bedrooms apartments. 66.62% of Clarion's dwellings are rentals.
There is a lot of housing in Clarion built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Clarion built between 1940-1969 ( 33.23%). A lesser amount of the housing stock also hails from before 1939 ( 24.18%). There's also some housing in Clarion built between 2000 and later ( 8.80%).
Vacant housing appears to be an issue in Clarion. Fully 22.78% of the housing stock is classified as vacant. Left unchecked, vacant Clarion homes and apartments can be a drag on the real estate market, holding Clarion real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Clarion, where house values have increased just 48.61%, which is annualized rate of 4.04%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Clarion's appreciation rate, at 6.41%, has been at or slightly above the national average. In the latest quarter, Clarion's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.
Relative to Pennsylvania, our data show that Clarion's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
$176,846
for Pennsylvania
for nation
1,536
$1,178 / per month