Clearwater, Florida Housing Market Prices
Clearwater Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 37% below the Florida median$194,893
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Median rent 2% below the Florida median$1,628
Housing Market Overview
| Metric | Clearwater | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,893 | $311,338 | $248,835 |
| Price Trend (Annual %) | 8.0% | 11.2% | 7.5% |
| Median Gross Rent | $1,628 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 7.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clearwater is about 37% lower than in Florida. Rent is about 2% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Clearwater, up about 8.0% and 7.0% a year respectively. Home prices are changing faster.
Median rent in Clearwater rose about 73.9% between 2015 and 2024, from $936 to $1,628. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Clearwater.
Buying the median-priced home in Clearwater costs roughly 10.0 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 Clearwater. The price-to-rent ratio in Florida is about 15.6.
| Metric | Clearwater | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,893 | $311,338 | $248,835 |
| Median Household Income | $67,539 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clearwater rose about 86.9%, while median household income rose about 51.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Clearwater | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.7% | 57.7% | 58.5% |
| Rental Rate | 31.2% | 27.7% | 31.2% |
| Vacancy Rate | 19.1% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Clearwater has a homeownership rate of 49.7%, lower than the Florida average of 57.7%. Its housing vacancy rate is 19.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | Clearwater | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1977 | 1988 | 1978 |
| Median Number of Rooms | 4.9 | 5.2 | 5.5 |
The typical housing unit in Clearwater was built around 1977. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 11.0 years on average.
Clearwater, FL Housing Compared With Nearby Cities
How Clearwater, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clearwater, FL | 107,767 | $194,893 #2/3 | $1,628 #2/3 | 61.5% #3/3 |
| Dunedin, FL | 36,661 | $303,605 | $1,674 | 73.8% |
| Largo, FL | 84,816 | $56,524 | $1,586 | 64.3% |
Frequently Asked Questions
Common questions about the housing market in Clearwater, Florida.
What is the median home price in Clearwater, Florida?
The median home price in Clearwater, Florida is $194,893, lower than the Florida average of $311,338.
What is the average home price in Clearwater, Florida?
The typical home price in Clearwater, Florida, reported as the median sale price, is $194,893. 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 Clearwater, Florida?
The median gross rent in Clearwater, Florida is $1,628 per month, lower than the Florida average of $1,668.
What was the median gross rent in Clearwater in 2020?
In 2020, the median gross rent in Clearwater, Florida was $1,139 per month.
What is the price-to-rent ratio in Clearwater, Florida?
The price-to-rent ratio in Clearwater, Florida is about 10.0, meaning it would take roughly 10.0 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 Clearwater.
Are home prices or rent rising faster in Clearwater, Florida?
Both home prices and rent are rising in Clearwater, up about 8.0% and 7.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clearwater, Florida?
49.7% of households in Clearwater, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Clearwater, Florida?
The housing vacancy rate in Clearwater, Florida is 19.1%, higher than the Florida average of 14.6%.
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