Cost of Ownership · Florida

The true cost of owning a home in Florida

For a median $325,000 home in Florida, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$2,393/mo

PITI + PMI

True monthly cost

$2,664/mo

everything, incl. upkeep

The gap

+$271/mo

what approval leaves out

Principal & interest$1,835/mo

Property tax$213/mo

Homeowners insurance$223/mo

PMI (LTV > 80%)$122/mo

Maintenance reserve$271/mo

True monthly cost$2,664/mo

Effective property-tax rate

0.79%

Avg. homeowners premium

$2,677/yr

NFIP flood claims on record

448,425

These figures use Florida’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Florida ranks on property tax and insurance, or browse every state.