Total monthly cost of ownership
Cost to Own a Home in Fleming Island, Florida
A $387,000 home here costs
$3,039per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,990. The real number is $1,050 higher every month — 53% 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.
Fleming Island against Clay County and Florida
| Measure | Fleming Island | Clay County |
|---|---|---|
| Median home value | $387,400 | $281,500 |
| Median property tax | $3,471 | $2,080 |
| Effective tax rate | 0.896% | 0.739% |
| Median gross rent | $1,918 | $1,464 |
| Population | 29,351 | 223,436 |
The weather behind that power bill
Fleming Island sits in Clay County, which averages a high of 91.8°F in its hottest month and a low of 47.2°F in its coldest, with 47.6" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,302 cooling and 944 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Clay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
Common questions
How much does it cost to own a home in Fleming Island?
A $387,000 home in Fleming Island, Florida costs approximately $3,039 per month with 20% down at 6.66%. That is $1,990 principal and interest, $289 property tax, $234 homeowners insurance, $204 utilities and $323 set aside for maintenance.
What is the property tax rate in Fleming Island?
Fleming Island has an effective property tax rate of 0.896%, based on a median home value of $387,400 and median real estate taxes of $3,471. That is higher than the Clay County average of 0.739%.
What is the average home price in Fleming Island?
The median owner-occupied home value in Fleming Island, Florida is $387,400, against $281,500 across Clay County.
Is it cheaper to rent or buy in Fleming Island?
Median gross rent in Fleming Island is $1,918 a month, against $3,039 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 Fleming Island — 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.