Total monthly cost of ownership
Cost to Own a Home in DeFuniak Springs, Florida
A $163,000 home here costs
$1,338per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $500 higher every month — 60% 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.
DeFuniak Springs against Walton County and Florida
| Measure | DeFuniak Springs | Walton County |
|---|---|---|
| Median home value | $163,200 | $376,400 |
| Median property tax | $739 | $1,709 |
| Effective tax rate | 0.453% | 0.454% |
| Median gross rent | $821 | $1,674 |
| Population | 6,284 | 79,846 |
The weather behind that power bill
DeFuniak Springs sits in Walton County, which averages a high of 90.9°F in its hottest month and a low of 45.3°F in its coldest, with 55.35" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,936 cooling and 1,179 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Walton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walton County
Common questions
How much does it cost to own a home in DeFuniak Springs?
A $163,000 home in DeFuniak Springs, Florida costs approximately $1,338 per month with 20% down at 6.66%. That is $838 principal and interest, $62 property tax, $98 homeowners insurance, $204 utilities and $136 set aside for maintenance.
What is the property tax rate in DeFuniak Springs?
DeFuniak Springs has an effective property tax rate of 0.453%, based on a median home value of $163,200 and median real estate taxes of $739. That is in line with the Walton County average of 0.454%.
What is the average home price in DeFuniak Springs?
The median owner-occupied home value in DeFuniak Springs, Florida is $163,200, against $376,400 across Walton County.
Is it cheaper to rent or buy in DeFuniak Springs?
Median gross rent in DeFuniak Springs is $821 a month, against $1,338 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 DeFuniak Springs — 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.