Total monthly cost of ownership
Cost to Own a Home in Eastpoint, Florida
A $204,000 home here costs
$1,744per 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 $74,500 a year.
A standard mortgage calculator would have told you $1,112. The real number is $632 higher every month, 57% more than the payment most buyers budget for.
Compare Franklin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eastpoint from a five-year rolling sample, and with about 2,602 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Franklin County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Eastpoint against Franklin County and Florida
| Measure | Eastpoint | Franklin County |
|---|---|---|
| Median home value | $204,400 | $254,300 |
| Median property tax | — | $1,572 |
| Effective tax rate | 0.618% | 0.618% |
| Median gross rent | $682 | $1,044 |
| Population | 2,602 | 12,418 |
The weather behind that power bill
Eastpoint sits in Franklin County, which averages a high of 89.7°F in its hottest month and a low of 44.4°F in its coldest, with 53.08" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,738 cooling and 1,224 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Franklin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Eastpoint 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 Eastpoint every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eastpoint I already own here and may sell
Common questions
How much does it cost to own a home in Eastpoint?
A $204,000 home in Eastpoint, Florida costs approximately $1,744 per month with 20% down at 7.24%. That is $1,112 principal and interest, $105 property tax, $123 homeowners insurance, $233 utilities and $170 set aside for maintenance.
What is the property tax rate in Eastpoint?
Place-level tax data is not published for Eastpoint, so the Franklin County rate of 0.618% applies here.
What is the average home price in Eastpoint?
The median owner-occupied home value in Eastpoint, Florida is $204,400, against $254,300 across Franklin County.
Is it cheaper to rent or buy in Eastpoint?
Median gross rent in Eastpoint is $682 a month, against $1,744 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 Eastpoint?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eastpoint, Florida at today's rate takes a household income of roughly $74,500 a year. That covers the full $1,744 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eastpoint, 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.