Clearwater, FL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clearwater, FL Housing Market Trends

With 116,946 people, 47,593 houses or apartments, and a median cost of homes of $251,382, 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 42.54% of the city's housing units. Other types of housing that are prevalent in Clearwater include single-family detached homes ( 38.38%), duplexes, homes converted to apartments or other small apartment buildings ( 8.24%), and a few mobile homes or trailers ( 5.80%). 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 ( 27.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.01%). There's also some housing in Clearwater built before 1939 ( 2.62%).

Vacant housing appears to be an issue in Clearwater. Fully 18.91% 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

In the last 10 years, Clearwater has experienced some of the highest home appreciation rates of any community in the nation. Clearwater real estate appreciated 98.42% over the last ten years, which is an average annual home appreciation rate of 7.09%, putting Clearwater in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Clearwater definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.09%, which is higher than appreciation rates in 96.04% 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 2.47%, which equates to an annual appreciation rate of 10.26%.

Relative to Florida, our data show that Clearwater's latest annual appreciation rate is higher than 80% 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:
$251,382

Clearwater, FL HOME PRICES

> $1,303,000
2.1%
2.1%
$977,001 - $1,303,000
1.6%
1.6%
$652,001 - $977,000
3.9%
3.9%
$521,001 - $652,000
3.6%
3.6%
$391,001 - $521,000
10.5%
10.5%
$261,001 - $391,000
25.3%
25.3%
$131,001 - $261,000
30.9%
30.9%
$65,001 - $131,000
13.9%
13.9%
$0 - $65,000
8.1%
8.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
47,593

Clearwater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
148.69% 4.43%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,550 / per month

Homeownership Rate

Owners
57.4%
57.4%
Renters
42.6%
42.6%
Vacant
18.9%
18.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.0%
9.0%
1970 - 1999
60.5%
60.5%
1940 - 1969
27.9%
27.9%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.4%
38.4%
Townhomes
5.0%
5.0%
Small Apt. Buildings
8.2%
8.2%
Apt. Complexes
42.5%
42.5%
Mobile Homes
5.8%
5.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.2%
3.2%
1 Bedroom
16.1%
16.1%
2 Bedrooms
44.0%
44.0%
3 Bedrooms
27.3%
27.3%
4 Bedrooms
7.9%
7.9%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES