Cost of Ownership · Florida
The true cost of owning a home in Florida
For a median $359,000 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.
Lender-approved payment
$2,644/mo
PITI + PMI
True monthly cost
$2,944/mo
everything, incl. upkeep
The gap
+$299/mo
what approval leaves out
Effective property-tax rate
0.76%
Avg. homeowners premium
$2,677/yr
NFIP flood claims on record
448,425
Closing costs in Florida
Median closing costs and lender origination charges on real home-purchase loans in Florida, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$8,586
Typically $5,468–$12,682
Median origination charges
$3,767
Typically $1,636–$6,957
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $5,468 | $8,586 | $12,682 | 244,673 |
| All | $5,415 | $8,581 | $12,778 | 260,448 |
| < $250k | $4,241 | $5,883 | $8,360 | 57,087 |
| < $250k | $4,149 | $5,928 | $8,300 | 64,497 |
| $250k–$500k | $5,791 | $9,470 | $13,056 | 138,237 |
| $250k–$500k | $5,857 | $9,636 | $13,527 | 150,753 |
| $500k–$750k | $6,775 | $10,916 | $17,188 | 33,933 |
| $500k–$750k | $6,784 | $10,494 | $17,233 | 33,948 |
| > $750k | $8,700 | $11,866 | $19,873 | 15,401 |
| > $750k | $8,665 | $11,819 | $20,435 | 11,265 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Florida
- What are the median closing costs in Florida?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Florida are about $8,586, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Florida?
- The effective property-tax rate in Florida is about 0.76%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Florida?
- A median $359,000 home in Florida costs about $2,944 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,644. Every figure is from public data.
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.