Total monthly cost of ownership
Cost to Own a Home in Graceville, Florida
A $106,000 home here costs
$945per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $400 higher every month — 73% 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.
Graceville against Jackson County and Florida
| Measure | Graceville | Jackson County |
|---|---|---|
| Median home value | $106,300 | $113,900 |
| Median property tax | $522 | $625 |
| Effective tax rate | 0.491% | 0.549% |
| Median gross rent | $807 | $846 |
| Population | 2,609 | 47,652 |
The weather behind that power bill
Graceville sits in Jackson County, which averages a high of 92.4°F in its hottest month and a low of 40.7°F in its coldest, with 51.11" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,755 cooling and 1,522 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Jackson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Graceville?
A $106,000 home in Graceville, Florida costs approximately $945 per month with 20% down at 6.66%. That is $545 principal and interest, $43 property tax, $64 homeowners insurance, $204 utilities and $88 set aside for maintenance.
What is the property tax rate in Graceville?
Graceville has an effective property tax rate of 0.491%, based on a median home value of $106,300 and median real estate taxes of $522. That is lower than the Jackson County average of 0.549%.
What is the average home price in Graceville?
The median owner-occupied home value in Graceville, Florida is $106,300, against $113,900 across Jackson County.
Is it cheaper to rent or buy in Graceville?
Median gross rent in Graceville is $807 a month, against $945 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 Graceville — 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.