The typical owner-occupied home in Clearwater is worth about $88,000, 63% below the Nebraska median of $238,600 and 74% below the national median of $332,700. Owners pay a median $877 a year in property taxes, about 1.00% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $60,625 a year, so the median home costs 1.5 times the median income (3.1 times for Nebraska). 83% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Clearwater at a glance
| Clearwater | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $88,000 | $238,600 | $332,700 |
| Median property tax paid per year | $877 | $3,549 | $3,119 |
| Property tax as a share of value | 1.00% | 1.49% | 0.94% |
| Median household income | $60,625 | $76,475 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 24% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.5% | 21.0% |
| Median rent | $875 | $1,072 | $1,413 |
| Rent as a share of renters' income | 13.8% | 27.9% | 30.6% |
| Median year homes were built | 1949 | 1975 | 1980 |
| Vacant homes | 23.6% | 7.6% | 10.1% |
| Population | 312 | 1,978,707 | 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 $88,000 with 20% down costs about $584 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $730, 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 $25,011 for the 20%-down payment. That payment is 12% of the median Clearwater household income of $60,625; at that income and 20% down, the 28% guideline points to a home of about $213,000.
The median rent here is $875 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,600 |
|---|---|
| Loan amount | $70,400 |
| Principal and interest | $474 |
| Property taxes (1.00% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $584 |
Change the numbers in the calculator
| Down payment | $3,080 |
|---|---|
| Loan amount | $86,406 |
| Principal and interest | $581 |
| Property taxes (1.00% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $39 |
| Total per month | $730 |
Change the numbers in the calculator
Questions about home buying in Clearwater
What is the median home value in Clearwater?
About $88,000 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 $877 a year, which is about 1.00% 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 $584 a month. Keeping that under 28% of gross income takes about $25,011 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