Clearwater, FL


Highest Appreciating Clearwater Neighborhoods Since 2000

Clearwater, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Clearwater Housing Market Information

With 113,003 people, 46,234 houses or apartments, and a median cost of homes of $187,454, 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 43.30% of the city's housing units. Other types of housing that are prevalent in Clearwater include single-family detached homes ( 38.95%), duplexes, homes converted to apartments or other small apartment buildings ( 7.22%), and a few mobile homes or trailers ( 5.33%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

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 ( 29.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.75%). There's also some housing in Clearwater built before 1939 ( 2.55%).

Vacant housing appears to be an issue in Clearwater. Fully 22.96% 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 -1.21%, which is lower than 70% 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 9.83%, which is higher than appreciation rates in 93.37% 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 1.28%, which equates to an annual appreciation rate of 5.24%.

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:

Clearwater, FL HOME PRICES

Value Range
> $1,369,000 1.3
$1,027,001 - $1,369,000 1.4
$684,001 - $1,027,000 3.2
$548,001 - $684,000 2.3
$411,001 - $548,000 7.1
$274,001 - $411,000 14.8
$137,001 - $274,000 35.5
$68,001 - $137,000 22.5
$0 - $68,000 12.0

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
35.5970936364702 50.8547008547009

Number Of Homes And Apartments:

Clearwater Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
83.46% 3.58% 7 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,201 / per month

Homeownership Rate

Owners 57.00
Renters 43.00
Vacant 22.96

Housing Market Details


Age of Homes

AGE OF Clearwater HOMES
2000 or Newer 7.7
1970 - 1999 59.9
1940 - 1969 29.8
1939 or Older 2.6

Types of Homes

TYPE OF Clearwater HOMES
Single-Family 39.0
Townhomes 5.2
Small Apt. Buildings 7.2
Apt. Complexes 43.3
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Clearwater HOMES
No Bedroom 4.42
1 Bedroom 16.20
2 Bedrooms 43.88
3 Bedrooms 26.00
4 Bedrooms 7.90
5 or more bedrooms 1.59