Total monthly cost of ownership
Cost to Own a Home in Celebration, Florida
A $613,000 home here costs
$4,955per 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 $212,500 a year.
A standard mortgage calculator would have told you $3,342. The real number is $1,613 higher every month, 48% more than the payment most buyers budget for.
Compare Osceola County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Celebration against Osceola County and Florida
| Measure | Celebration | Osceola County |
|---|---|---|
| Median home value | $613,000 | $317,600 |
| Median property tax | $5,979 | $2,498 |
| Effective tax rate | 0.975% | 0.787% |
| Median gross rent | $1,948 | $1,651 |
| Population | 13,150 | 406,943 |
The weather behind that power bill
Celebration sits in Osceola County, which averages a high of 92.0°F in its hottest month and a low of 49.5°F in its coldest, with 51.45" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 3,452 cooling and 525 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Osceola County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Osceola County
Full Osceola County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Celebration 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 Celebration every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Celebration I already own here and may sell
Common questions
How much does it cost to own a home in Celebration?
A $613,000 home in Celebration, Florida costs approximately $4,955 per month with 20% down at 7.24%. That is $3,342 principal and interest, $498 property tax, $370 homeowners insurance, $233 utilities and $511 set aside for maintenance.
What is the property tax rate in Celebration?
Celebration has an effective property tax rate of 0.975%, based on a median home value of $613,000 and median real estate taxes of $5,979. That is higher than the Osceola County average of 0.787%.
What is the average home price in Celebration?
The median owner-occupied home value in Celebration, Florida is $613,000, against $317,600 across Osceola County.
Is it cheaper to rent or buy in Celebration?
Median gross rent in Celebration is $1,948 a month, against $4,955 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 Celebration?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Celebration, Florida at today's rate takes a household income of roughly $212,500 a year. That covers the full $4,955 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Celebration, 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.