Total monthly cost of ownership
Cost to Own a Home in Buckingham, Florida
A $411,000 home here costs
$3,269per 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 $140,000 a year.
A standard mortgage calculator would have told you $2,241. The real number is $1,028 higher every month, 46% more than the payment most buyers budget for.
Compare Lee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Buckingham from a five-year rolling sample, and with about 4,637 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Lee County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Buckingham against Lee County and Florida
| Measure | Buckingham | Lee County |
|---|---|---|
| Median home value | $411,000 | $326,300 |
| Median property tax | $2,448 | $2,699 |
| Effective tax rate | 0.596% | 0.827% |
| Median gross rent | $1,799 | $1,597 |
| Population | 4,637 | 792,692 |
The weather behind that power bill
Buckingham sits in Lee County, which averages a high of 91.7°F in its hottest month and a low of 54.3°F in its coldest, with 57.41" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 4,046 cooling and 252 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Lee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lee County
Talk to someone who works this market
These are Buckingham 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 Buckingham every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Buckingham I already own here and may sell
Common questions
How much does it cost to own a home in Buckingham?
A $411,000 home in Buckingham, Florida costs approximately $3,269 per month with 20% down at 7.24%. That is $2,241 principal and interest, $204 property tax, $248 homeowners insurance, $233 utilities and $343 set aside for maintenance.
What is the property tax rate in Buckingham?
Buckingham has an effective property tax rate of 0.596%, based on a median home value of $411,000 and median real estate taxes of $2,448. That is lower than the Lee County average of 0.827%.
What is the average home price in Buckingham?
The median owner-occupied home value in Buckingham, Florida is $411,000, against $326,300 across Lee County.
Is it cheaper to rent or buy in Buckingham?
Median gross rent in Buckingham is $1,799 a month, against $3,269 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 Buckingham?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Buckingham, Florida at today's rate takes a household income of roughly $140,000 a year. That covers the full $3,269 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Buckingham, 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.