CALCMONEY // HOME AFFORDABILITY // FL // CLEARWATER
How much house can you afford in Clearwater? Based on local median home prices, current FL mortgage rates, and Clearwater property tax data.
$390,000
$2,536/mo
$108,679/yr
$165,566
Monthly housing costs of $2,536 represent 52.5% of Clearwater's median gross monthly income ($4,833/mo). At 52.5%, median-income buyers in Clearwater are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $390,000 |
| Down Payment (20%) | $78,000 |
| Loan Amount | $312,000 |
| Monthly PI Payment | $2,055 |
| Monthly Property Tax | $319 |
| Monthly Insurance Est. | $163 |
| Total Monthly PITI | $2,536 |
| Housing Cost % of Income | 52.5% |
| Required Income (28% rule) | $108,679/yr |
| Max Affordable Home | $165,566 |
$13,650
$3,226/mo
Clearwater Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $390,000 | Clearwater city median |
| Down Payment (20%) | $78,000 | Conventional loan |
| Monthly PITI | $2,536 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $108,679 | Annual gross |
| Max Affordable Home | $165,566 | Based on median income |
| FHA Down (3.5%) | $13,650 | Minimum FHA |
| Housing Cost % of Income | 52.5% | Median income: $58,000/yr |
| Property Tax Rate | 0.98% | $3,822/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Clearwater is $390,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $312,000, generating a monthly P&I payment of $2,055. Adding property taxes ($319/mo) and homeowners insurance ($163/mo) brings total monthly PITI to $2,536.
Clearwater's property tax rate of 0.98% is near the national average, adding a standard increment to monthly housing costs. On the Clearwater median home, that is $319/month, or $3,822 per year.
Florida has no state income tax, improving effective take-home pay for Clearwater residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Clearwater's median income of $58,000/year can afford up to $1,353/month in total housing costs. Based on Clearwater's mortgage rate of 6.9% and property tax rate of 0.98%, that translates to a maximum affordable home price of approximately $165,566 with 20% down on a 30-year loan.
To afford the median Clearwater home priced at $390,000, you need an annual gross income of approximately $108,679. Total monthly housing costs (principal and interest of $2,055, property taxes of $319, and insurance of $163) come to $2,536/month, which equals 28% of the required income.
At the median home price of $390,000 and median household income of $58,000, the total monthly housing cost of $2,536 represents 52.5% of gross monthly income. This is well above the standard 28% threshold, making Clearwater a challenging market for buyers at median income.
A conventional 20% down payment on the median Clearwater home of $390,000 is $78,000. An FHA loan requires just 3.5% down — $13,650 — but adds mortgage insurance of roughly $267/month, bringing total FHA payments to $3,226/month.