Home Buying in Clearwater
Clearwater is home to one of America's top-rated beaches, a strong tourism economy, and affordable waterfront living on Florida's Gulf Coast.
Frequently Asked Questions
Common questions about buying a home in Clearwater
What is the current mortgage rate in Clearwater?
The average 30-year fixed mortgage rate in Clearwater, FL is currently 6.23% as of April 24, 2026. This is sourced from Freddie Mac's weekly survey via FRED.
How much is a down payment on a home in Clearwater?
With Clearwater's median home price of $350,000, a 20% down payment would be $70,000. First-time buyers may qualify for FHA loans with as little as 3.5% down ($12,250).
What are property taxes like in Clearwater?
Clearwater is in Pinellas County. The average effective property tax rate is 0.9%, working out to approximately $3,150 per year on a median-priced home. Florida's Homestead Exemption can reduce your taxable value by up to $50,000 if this is your primary residence.
Is it better to rent or buy in Clearwater?
With a monthly mortgage payment of ~$1,720 (20% down) vs. median rent of $1,850, buying costs more per month but builds equity. The break-even point depends on how long you plan to stay and your down payment amount.