Total monthly cost of ownership
Cost to Own a Home in High Point, Florida
A $175,000 home here costs
$1,540per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $66,000 a year.
A standard mortgage calculator would have told you $969. The real number is $571 higher every month, 59% more than the payment most buyers budget for.
Compare Hernando County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for High Point from a five-year rolling sample, and with about 3,618 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 Hernando 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.
High Point against Hernando County and Florida
| Measure | High Point | Hernando County |
|---|---|---|
| Median home value | $175,100 | $240,700 |
| Median property tax | $1,023 | $1,732 |
| Effective tax rate | 0.584% | 0.720% |
| Median gross rent | $1,109 | $1,209 |
| Population | 3,618 | 201,512 |
The weather behind that power bill
High Point sits in Hernando County, which averages a high of 90.9°F in its hottest month and a low of 44.3°F in its coldest, with 51.94" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 2,965 cooling and 876 heating degree days, which is what sets the $166 electricity line above.
See the full climate breakdown for Hernando County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hernando County
Full Hernando County cost breakdown · Every county in Florida
Talk to someone who works this market
These are High Point 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 High Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in High Point I already own here and may sell
Common questions
How much does it cost to own a home in High Point?
A $175,000 home in High Point, Florida costs approximately $1,540 per month with 20% down at 7.4%. That is $969 principal and interest, $85 property tax, $106 homeowners insurance, $234 utilities and $146 set aside for maintenance.
What is the property tax rate in High Point?
High Point has an effective property tax rate of 0.584%, based on a median home value of $175,100 and median real estate taxes of $1,023. That is lower than the Hernando County average of 0.720%.
What is the average home price in High Point?
The median owner-occupied home value in High Point, Florida is $175,100, against $240,700 across Hernando County.
Is it cheaper to rent or buy in High Point?
Median gross rent in High Point is $1,109 a month, against $1,540 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 High Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in High Point, Florida at today's rate takes a household income of roughly $66,000 a year. That covers the full $1,540 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for High Point, 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.