Total monthly cost of ownership
Cost to Own a Home in Carrabelle, Florida
A $150,000 home here costs
$1,299per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $771. The real number is $528 higher every month — 68% 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.
Carrabelle against Franklin County and Florida
| Measure | Carrabelle | Franklin County |
|---|---|---|
| Median home value | $149,600 | $254,300 |
| Median property tax | $1,291 | $1,572 |
| Effective tax rate | 0.863% | 0.618% |
| Median gross rent | $1,231 | $1,044 |
| Population | 3,145 | 12,418 |
The weather behind that power bill
Carrabelle sits in Franklin County, which averages a high of 89.7°F in its hottest month and a low of 44.4°F in its coldest, with 53.08" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,738 cooling and 1,224 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Carrabelle?
A $150,000 home in Carrabelle, Florida costs approximately $1,299 per month with 20% down at 6.66%. That is $771 principal and interest, $108 property tax, $91 homeowners insurance, $204 utilities and $125 set aside for maintenance.
What is the property tax rate in Carrabelle?
Carrabelle has an effective property tax rate of 0.863%, based on a median home value of $149,600 and median real estate taxes of $1,291. That is higher than the Franklin County average of 0.618%.
What is the average home price in Carrabelle?
The median owner-occupied home value in Carrabelle, Florida is $149,600, against $254,300 across Franklin County.
Is it cheaper to rent or buy in Carrabelle?
Median gross rent in Carrabelle is $1,231 a month, against $1,299 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 Carrabelle — 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.