Clearwater Home Prices: $361K, Down 6% — 9 ZIPs Analyzed (2026)
$360,615. That’s what a typical home in Clearwater costs as of February 2026. The number is down 6.0% from a year ago — one of the sharper pullbacks among large Florida cities tracked here.
Quick answer: The average home price in Clearwater, FL is $360,615 as of February 2026, down 6.0% year over year according to Zillow.
Current Home Prices in Clearwater
Clearwater sits at the lower end of the Tampa-St. Petersburg-Clearwater metro on price. The city median of $360,615 is materially below Tampa proper and below the Florida statewide median, even though Clearwater Beach pulls the city average up.
| Metric | Value |
|---|---|
| Median home value (Feb 2026) | $360,615 |
| Year-over-year change | -6.0% |
| Lowest ZIP median | $200,415 (33763) |
| Highest ZIP median | $700,113 (33767) |
| ZIP codes covered | 9 |
| Metro | Tampa-St. Petersburg-Clearwater, FL |
The spread between the cheapest and most expensive ZIP is roughly $500,000. That’s a 3.5x ratio — wider than most Florida cities of comparable size, and almost entirely driven by Clearwater Beach (33767).
Strip out 33767 and the city looks very different. The remaining eight ZIPs range from $200K to $362K, a much tighter band centered around the $330K mark. For buyers who aren’t shopping for beach property, Clearwater behaves like a mid-priced inland Florida city.
The 6% annual decline is the headline number, but it didn’t happen all at once. Prices peaked in March 2025 at $383,462 and slid steadily through the summer and fall. The drop slowed into winter, and the most recent three months show prices nearly flat.
Clearwater Home Prices by Neighborhood
Nine ZIP codes make up Clearwater. Here’s how they stack up on both home value and typical rent.
| ZIP Code | Median Price | Avg Rent (ZORI) |
|---|---|---|
| 33767 | $700,113 | $4,307 |
| 33764 | $361,965 | $2,075 |
| 33756 | $353,069 | $1,905 |
| 33765 | $342,199 | $1,618 |
| 33759 | $338,824 | $1,922 |
| 33755 | $332,212 | $1,977 |
| 33761 | $313,494 | $1,788 |
| 33762 | $303,245 | $1,775 |
| 33763 | $200,415 | $2,001 |
Most Expensive
- 33767 ($700,113): Clearwater Beach. Roughly 94% above the city median, with rents of $4,307 — more than 2x the city rent average. Coastal pricing in a single ZIP.
- 33764 ($361,965): Sits almost exactly at the city median. Rent of $2,075 is the second-highest outside the beach.
- 33756 ($353,069): Just below the city average. Established neighborhoods with mid-tier rents around $1,905.
Most Affordable
- 33763 ($200,415): The cheapest ZIP in Clearwater — 44% below the city median. Worth noting: rent here ($2,001) is similar to higher-priced ZIPs, which makes 33763 the strongest price-to-rent ratio in the city.
- 33762 ($303,245): About 16% below the city median, with rents around $1,775. One of the better buyer-friendly trade-offs.
- 33761 ($313,494): Inland, north Clearwater. Rents at $1,788 — the lowest rent-to-price ratio besides 33765.
Rent vs Buy in Clearwater
The average rent across Clearwater ZIPs is about $2,152 per month. Excluding Clearwater Beach, that average drops to roughly $1,883 — closer to what most renters actually face.
| ZIP | Price-to-Rent Ratio |
|---|---|
| 33763 | 8.3 |
| 33762 | 14.2 |
| 33761 | 14.6 |
| 33765 | 17.6 |
| 33764 | 14.5 |
| 33759 | 14.7 |
| 33756 | 15.4 |
| 33767 | 13.5 |
| 33755 | 14.0 |
A price-to-rent ratio under 15 generally favors buying for anyone planning to stay several years. Under 10 strongly favors buying. ZIP 33763 stands out at 8.3 — among the most buyer-friendly numbers in any Florida city tracked here. The cheap home price combined with a normal rent makes ownership math work fast.
The opposite case is 33765 at 17.6. The home values aren’t the highest, but rents there ($1,618) are unusually low for the area, which tilts the math toward renting.
For the city as a whole, the ratio sits around 14. That’s a healthier number for buyers than what you’ll find in coastal California or much of the Northeast, but not as friendly as Florida cities further inland.
One factor not in this data: Florida property taxes and homeowner’s insurance, both of which have been climbing. Both should be added to any monthly carrying-cost calculation before deciding.
Population Growth and Migration
Clearwater isn’t growing. The Census Bureau estimates the 2024 population at 116,811 — down 0.5% from 117,343 in 2020.
| Year | Population |
|---|---|
| 2020 | 117,343 |
| 2021 | 117,133 |
| 2022 | 117,344 |
| 2023 | 117,555 |
| 2024 | 116,811 |
The trend wobbled through 2023, then turned negative. A 700-person drop in one year isn’t catastrophic, but it’s notable in a state where most cities are adding residents fast.
Here’s how Clearwater compares to other Florida cities over the same window:
| City | 2024 Population | 4-Yr Growth |
|---|---|---|
| Port St. Lucie | 258,575 | +25.0% |
| Cape Coral | 233,025 | +19.2% |
| Miami | 487,014 | +10.0% |
| Orlando | 334,854 | +8.8% |
| Tampa | 414,547 | +6.7% |
| Clearwater | 116,811 | -0.5% |
Every comparison city grew. Several grew double digits. Clearwater shrank.
For housing, flat-to-falling population is consistent with what the price data shows. Less new demand means less upward pressure on values. The 6% YoY price drop maps cleanly onto a city that isn’t adding residents while neighboring metros are.
Clearwater Housing Market Trends
The 12-month trajectory is a slow, steady decline that flattened in the most recent quarter.
| Month | Median Value |
|---|---|
| Mar 2025 | $383,462 |
| Apr 2025 | $380,800 |
| May 2025 | $377,680 |
| Jun 2025 | $373,931 |
| Jul 2025 | $369,792 |
| Aug 2025 | $365,879 |
| Sep 2025 | $362,840 |
| Oct 2025 | $361,047 |
| Nov 2025 | $359,951 |
| Dec 2025 | $359,261 |
| Jan 2026 | $359,517 |
| Feb 2026 | $360,615 |
Prices fell every month from March through December — ten straight months of declines. Then January and February both ticked up slightly. The total drop from peak to trough was $24,201, or about 6.3%.
The recent stabilization is small. $1,354 of gain over two months isn’t a reversal yet — it could be normal noise in a smoothed index. But the rate of decline has clearly slowed. Whether February is a floor or a pause depends on what the next few months show.
Is Clearwater a Good Place to Buy in 2026?
Probably yes, with caveats. The data points toward a buyer’s market.
Prices are down 6% year over year. That’s a real correction in a state where most cities are still flat or slightly positive. Sellers in Clearwater have been the ones making concessions for a year.
The buyer-friendly signals:
- Ten consecutive months of price declines
- Slight population decline reducing demand pressure
- Price-to-rent ratios under 15 in most ZIPs
- A genuinely affordable entry point in 33763 ($200K)
The risks worth weighing:
- Florida insurance costs continue to rise, especially in coastal ZIPs like 33767
- The two-month uptick may signal the bottom is near, but isn’t confirmed
- Property taxes will reset to current market value at purchase
For an owner-occupier planning to stay five-plus years, Clearwater pencils. For an investor relying on appreciation, the case is weaker — population isn’t growing and the price trend just snapped a multi-year uptrend.
Clearwater Housing Market Outlook for 2026-2027
The 3-month trend suggests prices have stopped falling, but the data doesn’t yet show a clear recovery. December to February showed a tiny gain of $1,354 — well within the range of normal monthly noise.
If the current pace continues, Clearwater values could hold roughly flat through summer 2026, with a possible slow recovery if the recent uptick proves real. The 12-month rate of change is currently -6.0%, but the more recent three-month annualized change is positive. That gap usually closes one way or the other over the following six months.
A continued cooling in Florida insurance costs would help. Continued out-migration to growing cities like Port St. Lucie or Cape Coral would hurt. Without those external factors changing, the data on hand points to a stabilization rather than a rebound.
Similar Markets in FL
If Clearwater’s profile interests you, several other Florida cities offer related data points:
- Tampa — the largest city in Clearwater’s metro, with different demand dynamics.
- Orlando — a growing inland alternative with stronger population trends.
- Jacksonville — North Florida pricing for buyers willing to leave the Gulf Coast.
- Miami — the high end of the Florida market for comparison.
- Fort Lauderdale — coastal pricing on the Atlantic side.
Frequently Asked Questions
What is the average home price in Clearwater?
The average home price in Clearwater, FL is $360,615 as of February 2026. That figure is the city-wide median across 9 ZIP codes, ranging from $200,415 in 33763 to $700,113 in 33767 (Clearwater Beach).
Are home prices going up or down in Clearwater?
Down. Clearwater home values dropped 6.0% in the past year, falling from $383,462 in March 2025 to $360,615 in February 2026. The most recent two months showed a small uptick of $1,354 combined, which may signal a bottom but doesn’t yet constitute a recovery.
Is it cheaper to rent or buy in Clearwater?
The city-wide average rent is about $2,152 per month. With the median home price at $360,615, the price-to-rent ratio is roughly 14 — generally favorable to buying for stays of five years or more. ZIP 33763 has the best buyer math at a ratio of 8.3.
What is the most affordable neighborhood in Clearwater?
ZIP 33763 at $200,415 — about 44% below the city median. Despite the low price, average rent in 33763 is $2,001, making it the strongest price-to-rent ratio in Clearwater for buyers.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.