Total monthly cost of ownership
Cost to Own a Home in Freeport, Florida
A $379,000 home here costs
$3,045per 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 $130,500 a year.
A standard mortgage calculator would have told you $2,066. The real number is $979 higher every month, 47% more than the payment most buyers budget for.
Compare Walton 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.
Freeport against Walton County and Florida
| Measure | Freeport | Walton County |
|---|---|---|
| Median home value | $379,400 | $376,400 |
| Median property tax | $2,414 | $1,709 |
| Effective tax rate | 0.636% | 0.454% |
| Median gross rent | $1,769 | $1,674 |
| Population | 6,203 | 79,846 |
The weather behind that power bill
Freeport 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 $165 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
Talk to someone who works this market
These are Freeport 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 Freeport every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Freeport I already own here and may sell
Common questions
How much does it cost to own a home in Freeport?
A $379,000 home in Freeport, Florida costs approximately $3,045 per month with 20% down at 7.24%. That is $2,066 principal and interest, $201 property tax, $229 homeowners insurance, $233 utilities and $316 set aside for maintenance.
What is the property tax rate in Freeport?
Freeport has an effective property tax rate of 0.636%, based on a median home value of $379,400 and median real estate taxes of $2,414. That is higher than the Walton County average of 0.454%.
What is the average home price in Freeport?
The median owner-occupied home value in Freeport, Florida is $379,400, against $376,400 across Walton County.
Is it cheaper to rent or buy in Freeport?
Median gross rent in Freeport is $1,769 a month, against $3,045 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 Freeport?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Freeport, Florida at today's rate takes a household income of roughly $130,500 a year. That covers the full $3,045 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Freeport, 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.