Total monthly cost of ownership
Cost to Own a Home in Big Coppitt Key, Florida
A $591,000 home here costs
$4,317per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,038. The real number is $1,279 higher every month — 42% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Big Coppitt Key against Monroe County and Florida
| Measure | Big Coppitt Key | Monroe County |
|---|---|---|
| Median home value | $590,700 | $723,800 |
| Median property tax | $2,700 | $3,943 |
| Effective tax rate | 0.457% | 0.545% |
| Median gross rent | $2,274 | $1,959 |
| Population | 3,333 | 81,840 |
The weather behind that power bill
Big Coppitt Key sits in Monroe County, which averages a high of 92.6°F in its hottest month and a low of 53.1°F in its coldest, with 55.28" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 4,136 cooling and 230 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Monroe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monroe County
Common questions
How much does it cost to own a home in Big Coppitt Key?
A $591,000 home in Big Coppitt Key, Florida costs approximately $4,317 per month with 20% down at 6.66%. That is $3,038 principal and interest, $225 property tax, $357 homeowners insurance, $204 utilities and $493 set aside for maintenance.
What is the property tax rate in Big Coppitt Key?
Big Coppitt Key has an effective property tax rate of 0.457%, based on a median home value of $590,700 and median real estate taxes of $2,700. That is lower than the Monroe County average of 0.545%.
What is the average home price in Big Coppitt Key?
The median owner-occupied home value in Big Coppitt Key, Florida is $590,700, against $723,800 across Monroe County.
Is it cheaper to rent or buy in Big Coppitt Key?
Median gross rent in Big Coppitt Key is $2,274 a month, against $4,317 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Big Coppitt Key — 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.