Total monthly cost of ownership
Cost to Own a Home in Aventura, Florida
A $416,000 home here costs
$3,410per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $146,000 a year.
A standard mortgage calculator would have told you $2,268. The real number is $1,142 higher every month, 50% more than the payment most buyers budget for.
Compare Miami-Dade County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Aventura against Miami-Dade County and Florida
| Measure | Aventura | Miami-Dade County |
|---|---|---|
| Median home value | $416,300 | $425,400 |
| Median property tax | $3,734 | $3,516 |
| Effective tax rate | 0.897% | 0.827% |
| Median gross rent | $2,423 | $1,731 |
| Population | 39,372 | 2,685,296 |
The weather behind that power bill
Aventura sits in Miami-Dade County, which averages a high of 91.7°F in its hottest month and a low of 56.8°F in its coldest, with 56.08" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 4,244 cooling and 156 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Miami-Dade County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Miami-Dade County
Full Miami-Dade County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Aventura averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Aventura every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Aventura I already own here and may sell
Common questions
How much does it cost to own a home in Aventura?
A $416,000 home in Aventura, Florida costs approximately $3,410 per month with 20% down at 7.24%. That is $2,268 principal and interest, $311 property tax, $251 homeowners insurance, $233 utilities and $347 set aside for maintenance.
What is the property tax rate in Aventura?
Aventura has an effective property tax rate of 0.897%, based on a median home value of $416,300 and median real estate taxes of $3,734. That is higher than the Miami-Dade County average of 0.827%.
What is the average home price in Aventura?
The median owner-occupied home value in Aventura, Florida is $416,300, against $425,400 across Miami-Dade County.
Is it cheaper to rent or buy in Aventura?
Median gross rent in Aventura is $2,423 a month, against $3,410 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Aventura?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Aventura, Florida at today's rate takes a household income of roughly $146,000 a year. That covers the full $3,410 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Aventura, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Florida.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.