Total monthly cost of ownership
Cost to Own a Home in Gretna, Florida
A $106,000 home here costs
$1,013per 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 $43,500 a year.
A standard mortgage calculator would have told you $578. The real number is $435 higher every month, 75% more than the payment most buyers budget for.
Compare Gadsden County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Gretna from a five-year rolling sample, and with about 1,405 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Gadsden County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Gretna against Gadsden County and Florida
| Measure | Gretna | Gadsden County |
|---|---|---|
| Median home value | $105,600 | $154,700 |
| Median property tax | — | $854 |
| Effective tax rate | 0.552% | 0.552% |
| Median gross rent | $636 | $792 |
| Population | 1,405 | 43,642 |
The weather behind that power bill
Gretna sits in Gadsden County, which averages a high of 91.3°F in its hottest month and a low of 39.8°F in its coldest, with 59.81" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,495 cooling and 1,600 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Gadsden County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gadsden County
Full Gadsden County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Gretna 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 Gretna every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gretna I already own here and may sell
Common questions
How much does it cost to own a home in Gretna?
A $106,000 home in Gretna, Florida costs approximately $1,013 per month with 20% down at 7.24%. That is $578 principal and interest, $49 property tax, $64 homeowners insurance, $233 utilities and $88 set aside for maintenance.
What is the property tax rate in Gretna?
Place-level tax data is not published for Gretna, so the Gadsden County rate of 0.552% applies here.
What is the average home price in Gretna?
The median owner-occupied home value in Gretna, Florida is $105,600, against $154,700 across Gadsden County.
Is it cheaper to rent or buy in Gretna?
Median gross rent in Gretna is $636 a month, against $1,013 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 Gretna?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gretna, Florida at today's rate takes a household income of roughly $43,500 a year. That covers the full $1,013 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gretna, 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.