Total monthly cost of ownership
Cost to Own a Home in Chipley, Florida
A $133,000 home here costs
$1,170per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $684. The real number is $486 higher every month — 71% 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.
Chipley against Washington County and Florida
| Measure | Chipley | Washington County |
|---|---|---|
| Median home value | $132,800 | $156,000 |
| Median property tax | $1,086 | $787 |
| Effective tax rate | 0.818% | 0.504% |
| Median gross rent | $819 | $884 |
| Population | 3,678 | 25,259 |
The weather behind that power bill
Chipley sits in Washington County, which averages a high of 92.4°F in its hottest month and a low of 40.7°F in its coldest, with 51.11" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,755 cooling and 1,522 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
No other places of this size are published in Washington County.
Full Washington County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Chipley?
A $133,000 home in Chipley, Florida costs approximately $1,170 per month with 20% down at 6.66%. That is $684 principal and interest, $91 property tax, $80 homeowners insurance, $204 utilities and $111 set aside for maintenance.
What is the property tax rate in Chipley?
Chipley has an effective property tax rate of 0.818%, based on a median home value of $132,800 and median real estate taxes of $1,086. That is higher than the Washington County average of 0.504%.
What is the average home price in Chipley?
The median owner-occupied home value in Chipley, Florida is $132,800, against $156,000 across Washington County.
Is it cheaper to rent or buy in Chipley?
Median gross rent in Chipley is $819 a month, against $1,170 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 Chipley — 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.