Total monthly cost of ownership
Cost to Own a Home in Greenville, Florida
A $65,000 home here costs
$679per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $334. The real number is $345 higher every month — 103% 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.
Greenville against Madison County and Florida
| Measure | Greenville | Madison County |
|---|---|---|
| Median home value | $65,100 | $105,900 |
| Median property tax | — | $928 |
| Effective tax rate | 0.876% | 0.876% |
| Median gross rent | $614 | $819 |
| Population | 1,549 | 18,113 |
The weather behind that power bill
Greenville sits in Madison County, which averages a high of 90.9°F in its hottest month and a low of 40.2°F in its coldest, with 52.77" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,506 cooling and 1,511 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Madison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
Full Madison County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Greenville?
A $65,000 home in Greenville, Florida costs approximately $679 per month with 20% down at 6.66%. That is $334 principal and interest, $47 property tax, $39 homeowners insurance, $204 utilities and $54 set aside for maintenance.
What is the property tax rate in Greenville?
Place-level tax data is not published for Greenville, so the Madison County rate of 0.876% applies here.
What is the average home price in Greenville?
The median owner-occupied home value in Greenville, Florida is $65,100, against $105,900 across Madison County.
Is it cheaper to rent or buy in Greenville?
Median gross rent in Greenville is $614 a month, against $679 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 Greenville — 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.