Total monthly cost of ownership
Cost to Own a Home in Indian River Estates, Florida
A $238,000 home here costs
$2,046per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $87,500 a year.
A standard mortgage calculator would have told you $1,308. The real number is $738 higher every month, 56% more than the payment most buyers budget for.
Compare St. Lucie County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Indian River Estates against St. Lucie County and Florida
| Measure | Indian River Estates | St. Lucie County |
|---|---|---|
| Median home value | $238,000 | $305,800 |
| Median property tax | $1,945 | $2,893 |
| Effective tax rate | 0.817% | 0.946% |
| Median gross rent | $2,177 | $1,489 |
| Population | 7,331 | 346,237 |
The weather behind that power bill
Indian River Estates sits in St. Lucie County, which averages a high of 90.3°F in its hottest month and a low of 51.2°F in its coldest, with 51.17" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 3,391 cooling and 418 heating degree days, which is what sets the $166 electricity line above.
See the full climate breakdown for St. Lucie County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Lucie County
Full St. Lucie County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Indian River Estates 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 Indian River Estates every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Indian River Estates I already own here and may sell
Common questions
How much does it cost to own a home in Indian River Estates?
A $238,000 home in Indian River Estates, Florida costs approximately $2,046 per month with 20% down at 7.32%. That is $1,308 principal and interest, $162 property tax, $144 homeowners insurance, $234 utilities and $198 set aside for maintenance.
What is the property tax rate in Indian River Estates?
Indian River Estates has an effective property tax rate of 0.817%, based on a median home value of $238,000 and median real estate taxes of $1,945. That is lower than the St. Lucie County average of 0.946%.
What is the average home price in Indian River Estates?
The median owner-occupied home value in Indian River Estates, Florida is $238,000, against $305,800 across St. Lucie County.
Is it cheaper to rent or buy in Indian River Estates?
Median gross rent in Indian River Estates is $2,177 a month, against $2,046 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Indian River Estates?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Indian River Estates, Florida at today's rate takes a household income of roughly $87,500 a year. That covers the full $2,046 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Indian River Estates, 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.