Total monthly cost of ownership
Cost to Own a Home in Florida, New York
A $345,000 home here costs
$3,209per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,774. The real number is $1,435 higher every month — 81% 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.
Florida against Orange County and New York
| Measure | Florida | Orange County |
|---|---|---|
| Median home value | $344,900 | $361,100 |
| Median property tax | $8,812 | $8,463 |
| Effective tax rate | 2.555% | 2.344% |
| Median gross rent | $1,925 | $1,602 |
| Population | 2,915 | 403,840 |
The weather behind that power bill
Florida sits in Orange County, which averages a high of 83.6°F in its hottest month and a low of 17.3°F in its coldest, with 40.99" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 617 cooling and 6,266 heating degree days, which is what sets the $269 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
Full Orange County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Florida?
A $345,000 home in Florida, New York costs approximately $3,209 per month with 20% down at 6.66%. That is $1,774 principal and interest, $735 property tax, $76 homeowners insurance, $337 utilities and $288 set aside for maintenance.
What is the property tax rate in Florida?
Florida has an effective property tax rate of 2.555%, based on a median home value of $344,900 and median real estate taxes of $8,812. That is higher than the Orange County average of 2.344%.
What is the average home price in Florida?
The median owner-occupied home value in Florida, New York is $344,900, against $361,100 across Orange County.
Is it cheaper to rent or buy in Florida?
Median gross rent in Florida is $1,925 a month, against $3,209 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 Florida — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- 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.