Clermont, 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 Q1 2021. 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

Clermont, FL Housing Market Trends

With a population of 38,654, 13,177 total housing units (homes and apartments), and a median house value of $311,083, Clermont real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Clermont, accounting for 73.66% of the city's housing units. Other types of housing that are prevalent in Clermont include large apartment complexes or high rise apartments ( 16.02%), row houses and other attached homes ( 5.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clermont. Owner-occupied housing accounts for 71.06% of Clermont's homes, and 53.57% have either three or four bedrooms, which is average sized relative to America.

Clermont homes and real estate are some of the newest in America. 64.66% of Clermont's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Clermont real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 25.02%), and between 1940-1969 ( 8.51%). There's also some housing in Clermont built before 1939 ( 1.81%).

Vacant housing appears to be an issue in Clermont. Fully 14.66% of the housing stock is classified as vacant. Left unchecked, vacant Clermont homes and apartments can be a drag on the real estate market, holding Clermont 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.

Clermont Home Appreciation Rates

In the last 10 years, Clermont has experienced some of the highest home appreciation rates of any community in the nation. Clermont real estate appreciated 94.20% over the last ten years, which is an average annual home appreciation rate of 6.86%, putting Clermont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Clermont definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Clermont's appreciation rate, at 6.05%, has been at or slightly above the national average. In the latest quarter, Clermont's appreciation rate has been 1.50%, which annualizes to a rate of 6.13%.

Relative to Florida, our data show that Clermont's latest annual appreciation rate is lower than 70% 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 Clermont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clermont - 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 Clermont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$311,083

Clermont, FL HOME PRICES

> $1,239,000
0.3%
0.3%
$930,001 - $1,239,000
1.1%
1.1%
$620,001 - $930,000
2.6%
2.6%
$496,001 - $620,000
4.0%
4.0%
$372,001 - $496,000
16.1%
16.1%
$248,001 - $372,000
39.9%
39.9%
$124,001 - $248,000
30.4%
30.4%
$62,001 - $124,000
2.3%
2.3%
$0 - $62,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
13,177

Clermont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
95.29% 3.20%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,030 / per month

Homeownership Rate

Owners
71.1%
71.1%
Renters
28.9%
28.9%
Vacant
14.7%
14.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
64.7%
64.7%
1970 - 1999
25.0%
25.0%
1940 - 1969
8.5%
8.5%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.7%
73.7%
Townhomes
5.3%
5.3%
Small Apt. Buildings
2.5%
2.5%
Apt. Complexes
16.0%
16.0%
Mobile Homes
2.5%
2.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
4.6%
4.6%
2 Bedrooms
33.7%
33.7%
3 Bedrooms
31.7%
31.7%
4 Bedrooms
21.9%
21.9%
5 or more bedrooms
6.0%
6.0%
0.0% 100.0%
% OF HOMES