Total monthly cost of ownership
Cost to Own a Home in Fairview Shores, Florida
A $315,000 home here costs
$2,560per 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 $109,500 a year.
A standard mortgage calculator would have told you $1,717. The real number is $843 higher every month, 49% more than the payment most buyers budget for.
Compare Orange 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.
Fairview Shores against Orange County and Florida
| Measure | Fairview Shores | Orange County |
|---|---|---|
| Median home value | $315,200 | $358,300 |
| Median property tax | $1,880 | $2,795 |
| Effective tax rate | 0.596% | 0.780% |
| Median gross rent | $1,246 | $1,675 |
| Population | 11,064 | 1,440,471 |
The weather behind that power bill
Fairview Shores sits in Orange County, which averages a high of 91.9°F in its hottest month and a low of 51.8°F in its coldest, with 51.47" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 3,693 cooling and 468 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Orange County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Orange County
Talk to someone who works this market
These are Fairview Shores 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 Fairview Shores every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fairview Shores I already own here and may sell
Common questions
How much does it cost to own a home in Fairview Shores?
A $315,000 home in Fairview Shores, Florida costs approximately $2,560 per month with 20% down at 7.24%. That is $1,717 principal and interest, $156 property tax, $190 homeowners insurance, $233 utilities and $263 set aside for maintenance.
What is the property tax rate in Fairview Shores?
Fairview Shores has an effective property tax rate of 0.596%, based on a median home value of $315,200 and median real estate taxes of $1,880. That is lower than the Orange County average of 0.780%.
What is the average home price in Fairview Shores?
The median owner-occupied home value in Fairview Shores, Florida is $315,200, against $358,300 across Orange County.
Is it cheaper to rent or buy in Fairview Shores?
Median gross rent in Fairview Shores is $1,246 a month, against $2,560 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 Fairview Shores?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fairview Shores, Florida at today's rate takes a household income of roughly $109,500 a year. That covers the full $2,560 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fairview Shores, 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.