Total monthly cost of ownership
Cost to Own a Home in Cleveland, Florida
A $174,000 home here costs
$1,483per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $895. The real number is $588 higher every month — 66% 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.
Cleveland against Charlotte County and Florida
| Measure | Cleveland | Charlotte County |
|---|---|---|
| Median home value | $173,600 | $291,000 |
| Median property tax | $1,603 | $2,581 |
| Effective tax rate | 0.923% | 0.887% |
| Median gross rent | $1,067 | $1,289 |
| Population | 2,690 | 195,083 |
The weather behind that power bill
Cleveland sits in Charlotte County, which averages a high of 92.5°F in its hottest month and a low of 50.5°F in its coldest, with 52.97" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 3,772 cooling and 355 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Charlotte County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Charlotte County
Full Charlotte County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Cleveland?
A $174,000 home in Cleveland, Florida costs approximately $1,483 per month with 20% down at 6.66%. That is $895 principal and interest, $134 property tax, $105 homeowners insurance, $204 utilities and $145 set aside for maintenance.
What is the property tax rate in Cleveland?
Cleveland has an effective property tax rate of 0.923%, based on a median home value of $173,600 and median real estate taxes of $1,603. That is higher than the Charlotte County average of 0.887%.
What is the average home price in Cleveland?
The median owner-occupied home value in Cleveland, Florida is $173,600, against $291,000 across Charlotte County.
Is it cheaper to rent or buy in Cleveland?
Median gross rent in Cleveland is $1,067 a month, against $1,483 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 Cleveland — 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.