Total monthly cost of ownership
Cost to Own a Home in Cooper City, Florida
A $556,000 home here costs
$4,466per 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 $191,500 a year.
A standard mortgage calculator would have told you $3,031. The real number is $1,435 higher every month, 47% more than the payment most buyers budget for.
Compare Broward 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.
Cooper City against Broward County and Florida
| Measure | Cooper City | Broward County |
|---|---|---|
| Median home value | $555,800 | $380,400 |
| Median property tax | $4,827 | $3,610 |
| Effective tax rate | 0.868% | 0.949% |
| Median gross rent | $2,392 | $1,804 |
| Population | 34,166 | 1,946,127 |
The weather behind that power bill
Cooper City sits in Broward County, which averages a high of 91.4°F in its hottest month and a low of 59.1°F in its coldest, with 56.5" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 4,476 cooling and 146 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Broward County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Broward County
Full Broward County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Cooper City 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 Cooper City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cooper City I already own here and may sell
Common questions
How much does it cost to own a home in Cooper City?
A $556,000 home in Cooper City, Florida costs approximately $4,466 per month with 20% down at 7.24%. That is $3,031 principal and interest, $402 property tax, $336 homeowners insurance, $233 utilities and $463 set aside for maintenance.
What is the property tax rate in Cooper City?
Cooper City has an effective property tax rate of 0.868%, based on a median home value of $555,800 and median real estate taxes of $4,827. That is lower than the Broward County average of 0.949%.
What is the average home price in Cooper City?
The median owner-occupied home value in Cooper City, Florida is $555,800, against $380,400 across Broward County.
Is it cheaper to rent or buy in Cooper City?
Median gross rent in Cooper City is $2,392 a month, against $4,466 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 Cooper City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cooper City, Florida at today's rate takes a household income of roughly $191,500 a year. That covers the full $4,466 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cooper City, 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.