Total monthly cost of ownership
Cost to Own a Home in Holmes Beach, Florida
A $668,000 home here costs
$5,403per 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 $231,500 a year.
A standard mortgage calculator would have told you $3,642. The real number is $1,762 higher every month, 48% more than the payment most buyers budget for.
Compare Manatee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Holmes Beach from a five-year rolling sample, and with about 3,042 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 Manatee 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.
Holmes Beach against Manatee County and Florida
| Measure | Holmes Beach | Manatee County |
|---|---|---|
| Median home value | $667,800 | $359,800 |
| Median property tax | $6,813 | $2,853 |
| Effective tax rate | 1.020% | 0.793% |
| Median gross rent | $1,786 | $1,549 |
| Population | 3,042 | 416,020 |
The weather behind that power bill
Holmes Beach sits in Manatee County, which averages a high of 91.5°F in its hottest month and a low of 52.3°F in its coldest, with 49.05" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 3,721 cooling and 394 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Manatee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Manatee County
Full Manatee County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Holmes Beach 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 Holmes Beach every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Holmes Beach I already own here and may sell
Common questions
How much does it cost to own a home in Holmes Beach?
A $668,000 home in Holmes Beach, Florida costs approximately $5,403 per month with 20% down at 7.24%. That is $3,642 principal and interest, $568 property tax, $404 homeowners insurance, $233 utilities and $557 set aside for maintenance.
What is the property tax rate in Holmes Beach?
Holmes Beach has an effective property tax rate of 1.020%, based on a median home value of $667,800 and median real estate taxes of $6,813. That is higher than the Manatee County average of 0.793%.
What is the average home price in Holmes Beach?
The median owner-occupied home value in Holmes Beach, Florida is $667,800, against $359,800 across Manatee County.
Is it cheaper to rent or buy in Holmes Beach?
Median gross rent in Holmes Beach is $1,786 a month, against $5,403 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 Holmes Beach?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Holmes Beach, Florida at today's rate takes a household income of roughly $231,500 a year. That covers the full $5,403 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Holmes Beach, 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.