Clearwater, FL—33756
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clearwater, FL
As of Oct '25, the median home price in Clearwater, FL is $352,000, with a year-over-year change of -6.1%. This indicates that home prices in Clearwater, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | -6.1% |
| Single Family | $370,000 | -6.1% |
| Condos | $203,000 | -7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $142,000 | -8.4% |
2 Bed | $301,000 | -6.5% |
3 Bed | $411,000 | -4.9% |
4 Bed | $536,000 | -4.3% |
| 5 Bed | $1,658,000 | -1.2% |
% of Housing Stock
Rental Trends — Clearwater, FL
As of July '25, Rentcast reports the average rent in Clearwater, FL is $2,080, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Clearwater, FL is studios: $1,400, 1-bedrooms: $1,460, 2-bedrooms: $2,130, 3-bedrooms: $2,980, 4-bedrooms: $3,110. The most common rental property sizes in Clearwater, FL are 2-bedroom and 1-bedroom, accounting for 38.1% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,080 |
| Studio Rent | $1,320 | $1,400 |
| 1 Bed Rent | $1,480 | $1,460 |
| 2 Bed Rent | $1,950 | $2,130 |
| 3 Bed Rent | $2,540 | $2,980 |
| 4 Bed Rent | $2,950 | $3,110 |
% of Rental Stock
Property Listings — Clearwater, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Clearwater, FL is 81. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -3.0% |
Listing Count | 232 | 12.0% |
| Listings as % of Homes | 0.9% | 12.0% |
Days on Market | 81 | 22.0% |
Demographics — Clearwater, FL
As of the latest ACS Survey released in 2023, Clearwater, FL has a population of 32,900, which has decreased by -2.1% over the past 5 years. Clearwater, FL is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,900 | -2.1% |
% Under 18 | 18.5% | -10.2% |
% Seniors | 25.2% | 12.5% |
% WFH | 15.9% | 152.4% |
% w/ College Degree | 30.2% | 11.4% |
As of the latest ACS Survey released in 2023, Clearwater, FL is a predominantly white area, with 64.5% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Clearwater, FL is hispanic, making up 18.3% of the population. Foreign-born residents account for 15.8% of the population in Clearwater, FL, and this percentage has increased by 20.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.5% | -1.5% |
% Black | 11.0% | -8.3% |
% Hispanic | 18.3% | -4.7% |
% Asian | 3.4% | 30.8% |
% Foreign Born | 15.8% | 20.6% |
Mortgage and Risk — Clearwater, FL
According to HUD data as of 2023, there were 590 mortgage originations in Clearwater, FL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Clearwater, FL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 590 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Clearwater, FL
As of 2024, the percent of homes in Clearwater, FL under the Section 8 program is 18.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Clearwater, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,081 |
Total Units Section 8 | 881 |
% Rentals under Section 8 | 18.6% |
% Occupied Section 8 | 71.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,480 | $1,640 |
| 2 Bedroom | -$20 | $1,950 | $1,930 |
| 3 Bedroom | -$70 | $2,540 | $2,470 |
| 4 Bedroom | $60 | $2,950 | $3,010 |
Affordability — Clearwater, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $352,000 |
| Median Household Income | $64,000 |