Total monthly cost of ownership
Cost to Own a Home in Center Hill, Florida
A $182,000 home here costs
$1,446per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $511 higher every month — 55% 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.
Center Hill against Sumter County and Florida
| Measure | Center Hill | Sumter County |
|---|---|---|
| Median home value | $182,400 | $356,000 |
| Median property tax | $537 | $2,940 |
| Effective tax rate | 0.294% | 0.826% |
| Median gross rent | $1,071 | $1,225 |
| Population | 1,201 | 137,536 |
The weather behind that power bill
Center Hill sits in Sumter County, which averages a high of 91.7°F in its hottest month and a low of 48.9°F in its coldest, with 43.78" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 3,481 cooling and 630 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Sumter County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sumter County
Common questions
How much does it cost to own a home in Center Hill?
A $182,000 home in Center Hill, Florida costs approximately $1,446 per month with 20% down at 6.66%. That is $936 principal and interest, $45 property tax, $110 homeowners insurance, $204 utilities and $152 set aside for maintenance.
What is the property tax rate in Center Hill?
Center Hill has an effective property tax rate of 0.294%, based on a median home value of $182,400 and median real estate taxes of $537. That is lower than the Sumter County average of 0.826%.
What is the average home price in Center Hill?
The median owner-occupied home value in Center Hill, Florida is $182,400, against $356,000 across Sumter County.
Is it cheaper to rent or buy in Center Hill?
Median gross rent in Center Hill is $1,071 a month, against $1,446 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 Center Hill — 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.