Clearwater, FL
Pinellas County · Pop. 117,931
Ranked #162 of 243 cities
34Crisis
Median Home Price
🏠$340K
6.5% YoY
Median Rent
🔑$1,600
4.5% YoY
Median Income
💰$48K
Rent Burden
📊37.5%
% of income to rent
Income to Buy
🏦$98K
annual income needed
Income to Rent
📝$64K
annual income needed
Price-to-Income
⚖️7.1x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$1,810/mo
Est. mortgage (7%, 20% down)
Need $98K/yr income
Rent
$1,600/mo
Median rent
Need $64K/yr income
How Clearwater Compares
| Metric | Clearwater | Florida | National |
|---|---|---|---|
| Home Price | $340K | $381K | $410K |
| Rent | $1,600 | $1,719 | $1,500 |
| Income | $48K | $73K | $75K |
| Rent Burden | 37.5% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in Clearwater are 17% lower than the national average.
- • Rent is 7% higher than the national average.
- • You need an income of $98K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.