Clearlake, CA Real Estate Market 2026

Investor-grade market analytics for Clearlake, California. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$307,753

-1.4% year-over-year

Est. Rental Yield

6.9%

gross annual

12-Month Forecast

-1.4%

base case (Zillow ZHVF)

-1.4% year-over-year

Climate Risk

50/100

Moderate

Market Momentum

❄️
Cooling
8.2mo supply · Score -3/7

Net migration: Top 22% nationally

Income Migration

💰 Wealth Influx1.22x

In-migrants avg $66,631 AGI vs out-migrants $54,759

🏛️

Opportunity Zone Market

2 ZIP codes in Clearlake are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Clearlake Market Summary

Clearlake, CA is experiencing a correction with -1.4% year-over-year decline, signaling a buyer's market with softening demand. Affordability is moderately stretched with a price-to-income ratio of 5.24x, above the national average of 4.8x. Modest net positive migration (+188 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 6.94% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score68/100
Price-to-Income Ratio5.2x (national avg 4.8x)
Median Household Income$58,738

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-2.1%
Base Case-1.4%
Bull Case-0.7%

Climate & Natural Hazard Risk

Clearlake, CA's primary climate exposure is flooding (70/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Clearlake dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.