Total monthly cost of ownership
Cost to Own a Home in Black Diamond, Florida
A $433,000 home here costs
$3,360per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,226. The real number is $1,134 higher every month — 51% 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.
Black Diamond against Citrus County and Florida
| Measure | Black Diamond | Citrus County |
|---|---|---|
| Median home value | $432,700 | $223,200 |
| Median property tax | $3,680 | $1,320 |
| Effective tax rate | 0.850% | 0.591% |
| Median gross rent | — | $1,069 |
| Population | 1,549 | 158,693 |
The weather behind that power bill
Black Diamond sits in Citrus County, which averages a high of 90.9°F in its hottest month and a low of 44.3°F in its coldest, with 51.94" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 2,965 cooling and 876 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Citrus County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Citrus County
Common questions
How much does it cost to own a home in Black Diamond?
A $433,000 home in Black Diamond, Florida costs approximately $3,360 per month with 20% down at 6.66%. That is $2,226 principal and interest, $307 property tax, $262 homeowners insurance, $204 utilities and $361 set aside for maintenance.
What is the property tax rate in Black Diamond?
Black Diamond has an effective property tax rate of 0.850%, based on a median home value of $432,700 and median real estate taxes of $3,680. That is higher than the Citrus County average of 0.591%.
What is the average home price in Black Diamond?
The median owner-occupied home value in Black Diamond, Florida is $432,700, against $223,200 across Citrus County.
Is it cheaper to rent or buy in Black Diamond?
Rent data is not published for Black Diamond at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Black Diamond — 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.