The typical owner-occupied home in Clearwater is worth about $361,300, about the same as the Florida median of $359,000 and 9% above the national median of $332,700. Owners pay a median $2,625 a year in property taxes, about 0.73% of their home's value, close to the Florida rate of 0.76%. The median household earns $66,381 a year, so the median home costs 5.4 times the median income (4.8 times for Florida). 59% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Clearwater at a glance
| Clearwater | Florida | U.S. | |
|---|---|---|---|
| Median home value | $361,300 | $359,000 | $332,700 |
| Median property tax paid per year | $2,625 | $2,730 | $3,119 |
| Property tax as a share of value | 0.73% | 0.76% | 0.94% |
| Median household income | $66,381 | $74,568 | $80,734 |
| Homes lived in by their owners | 59% | 68% | 65% |
| Owner homes with a mortgage | 51% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,908 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 23.6% | 21.0% |
| Median rent | $1,658 | $1,669 | $1,413 |
| Rent as a share of renters' income | 37.9% | 35.2% | 30.6% |
| Median year homes were built | 1978 | 1988 | 1980 |
| Vacant homes | 18.2% | 14.7% | 10.1% |
| Population | 117,247 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Clearwater
At this week's average 30-year rate of 7.11%, buying the median Clearwater home of $361,300 with 20% down costs about $2,315 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,917, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $99,202 for the 20%-down payment. That payment is 42% of the median Clearwater household income of $66,381; at that income and 20% down, the 28% guideline points to a home of about $242,000.
The median rent here is $1,658 a month, so owning the median home costs about $657 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $72,260 |
|---|---|
| Loan amount | $289,040 |
| Principal and interest | $1,944 |
| Property taxes (0.73% a year) | $220 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| PMI | $0 |
| Total per month | $2,315 |
Change the numbers in the calculator
| Down payment | $12,646 |
|---|---|
| Loan amount | $354,756 |
| Principal and interest | $2,386 |
| Property taxes (0.73% a year) | $220 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| FHA mortgage insurance | $160 |
| Total per month | $2,917 |
Change the numbers in the calculator
Questions about home buying in Clearwater
What is the median home value in Clearwater?
About $361,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clearwater?
Homeowners pay a median $2,625 a year, which is about 0.73% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Clearwater?
For the median home with 20% down at 7.11%, the payment is about $2,315 a month. Keeping that under 28% of gross income takes about $99,202 a year.
More about Clearwater
- Mortgage Refinance in Clearwater
- Debt Relief in Clearwater
- Home Equity Loans in Clearwater
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data