Clearwater, FL housing market
Typical home value
$341K
▲ 0.4% 1 yr
Typical rent
$1,975/mo
▲ 0.7% 1 yr
Gross rent yield
7.0%
U.S. 6.3%
5-year home value change
+12%
U.S. +20%
Key takeaways
- 1The typical home in Clearwater is worth $340,654, up 0.4% over the past year and up 12% over five years.
- 2Typical rent is $1,975 a month (+0.7% YoY), a gross rent yield of 7.0% (above the Tampa, FL metro's 6.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,872/mo, $103 less than typical rent.
- 4Zillow forecasts the Tampa, FL metro's home values to change −1.7% over the next 12 months.
Market temperature (Tampa, FL metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 27/100, #478 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Clearwater compares
| Measure | Clearwater | Tampa, FL metro | United States |
|---|---|---|---|
| Typical home value | $340,654 | $356,843 | $366,157 |
| Home value, 1-yr change | +0.4% | −0.9% | +1.2% |
| Typical rent | $1,975 | $1,991 | $1,932 |
| Rent, 1-yr change | +0.7% | +0.5% | +2.7% |
| Gross rent yield | 7.0% | 6.7% | 6.3% |
| Price-to-rent ratio | 14.4 | 14.9 | 15.8 |
| Mortgage P&I, typical home | $1,872 | $1,961 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Clearwater rental, pre-filled.
Rent vs buy in Clearwater
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $341K home.
Landlord in Florida? See Florida deposit, late fee and notice rules.
Other cities in the Tampa, FL metro
Tampa, FL
$376K home$1,930 rent
▲ 0.4% 1 yr
Saint Petersburg, FL
$352K home$2,039 rent
▲ 0.1% 1 yr
Riverview, FL
$363K home$2,106 rent
▼ 2.4% 1 yr
New Port Richey, FL
$287K home$1,790 rent
▼ 1.0% 1 yr
Spring Hill, FL
$303K home$1,858 rent
▼ 1.9% 1 yr
Largo, FL
$336K home$1,754 rent
▲ 1.3% 1 yr
Brandon, FL
$353K home$1,729 rent
▼ 0.4% 1 yr
Wesley Chapel, FL
$398K home$2,209 rent
▼ 2.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.