Clearwater, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Clearwater, FL Real Estate Data


Clearwater Housing Market Information

With 113,003 people, 47,015 houses or apartments, and a median cost of homes of $219,327, Clearwater real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Clearwater, accounting for 43.16% of the city's housing units. Other types of housing that are prevalent in Clearwater include single-family detached homes ( 39.02%), duplexes, homes converted to apartments or other small apartment buildings ( 7.51%), and a few mobile homes or trailers ( 5.33%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Clearwater primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Clearwater has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Clearwater 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 Clearwater built between 1940-1969 ( 29.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.24%). There's also some housing in Clearwater built before 1939 ( 2.56%).

Vacant housing appears to be an issue in Clearwater. Fully 22.42% of the housing stock is classified as vacant. Left unchecked, vacant Clearwater homes and apartments can be a drag on the real estate market, holding Clearwater 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.

Clearwater Home Appreciation Rates

Clearwater's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clearwater during the period has been just -1.51%, which is lower than 80% of US communities.

Appreciation rates are so strong in Clearwater that despite a nationwide downturn in the housing market, Clearwater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clearwater appreciation rates continue to be some of the highest in America, at 9.94%, which is higher than appreciation rates in 97.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clearwater. Clearwater appreciation rates in the latest quarter were at 3.75%, which equates to an annual appreciation rate of 15.85%.

Importantly, this makes Clearwater one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Clearwater's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clearwater differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clearwater - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clearwater real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$219,327

Clearwater, FL HOME PRICES

Value Range
> $1,385,000 1.1
$1,039,001 - $1,385,000 2.0
$693,001 - $1,039,000 2.7
$554,001 - $693,000 2.3
$416,001 - $554,000 6.7
$277,001 - $416,000 14.4
$139,001 - $277,000 36.2
$69,001 - $139,000 21.7
$0 - $69,000 12.9

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
28.7404110792294 42.0940170940171

Number Of Homes And Apartments:
47,015

Rent & Ownership

 

Average Market Rent:
$1,298 / per month

Homeownership Rate

Homeownership
Owners 57.69
Renters 42.31
Vacant 22.42

Housing Market Details

 

Age of Homes

AGE OF Clearwater HOMES
2000 or Newer 7.2
1970 - 1999 60.6
1940 - 1969 29.6
1939 or Older 2.6

Types of Homes

TYPE OF Clearwater HOMES
Single-Family 39.0
Townhomes 5.0
Small Apt. Buildings 7.5
Apt. Complexes 43.2
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Clearwater HOMES
No Bedroom 4.19
1 Bedroom 15.99
2 Bedrooms 44.71
3 Bedrooms 25.33
4 Bedrooms 8.23
5 or more bedrooms 1.54

Clearwater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
78.53% 3.47% 6 9
* 10 is highest