Total monthly cost of ownership
Cost to Own a Home in Callahan, Florida
A $234,000 home here costs
$1,975per 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 $84,500 a year.
A standard mortgage calculator would have told you $1,276. The real number is $699 higher every month, 55% more than the payment most buyers budget for.
Compare Nassau County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Callahan from a five-year rolling sample, and with about 1,502 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 Nassau 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.
Callahan against Nassau County and Florida
| Measure | Callahan | Nassau County |
|---|---|---|
| Median home value | $233,500 | $351,100 |
| Median property tax | $1,546 | $2,558 |
| Effective tax rate | 0.662% | 0.729% |
| Median gross rent | $760 | $1,335 |
| Population | 1,502 | 94,653 |
The weather behind that power bill
Callahan sits in Nassau County, which averages a high of 91.9°F in its hottest month and a low of 42.9°F in its coldest, with 53.4" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 2,803 cooling and 1,228 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Nassau County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nassau County
Talk to someone who works this market
These are Callahan 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 Callahan every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Callahan I already own here and may sell
Common questions
How much does it cost to own a home in Callahan?
A $234,000 home in Callahan, Florida costs approximately $1,975 per month with 20% down at 7.24%. That is $1,276 principal and interest, $129 property tax, $141 homeowners insurance, $233 utilities and $195 set aside for maintenance.
What is the property tax rate in Callahan?
Callahan has an effective property tax rate of 0.662%, based on a median home value of $233,500 and median real estate taxes of $1,546. That is lower than the Nassau County average of 0.729%.
What is the average home price in Callahan?
The median owner-occupied home value in Callahan, Florida is $233,500, against $351,100 across Nassau County.
Is it cheaper to rent or buy in Callahan?
Median gross rent in Callahan is $760 a month, against $1,975 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 Callahan?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Callahan, Florida at today's rate takes a household income of roughly $84,500 a year. That covers the full $1,975 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Callahan, 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.