Total monthly cost of ownership
Cost to Own a Home in Lake Clarke Shores, Florida
A $495,000 home here costs
$3,881per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,545. The real number is $1,337 higher every month — 53% 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.
Lake Clarke Shores against Palm Beach County and Florida
| Measure | Lake Clarke Shores | Palm Beach County |
|---|---|---|
| Median home value | $494,700 | $407,300 |
| Median property tax | $5,045 | $3,600 |
| Effective tax rate | 1.020% | 0.884% |
| Median gross rent | — | $1,818 |
| Population | 3,550 | 1,507,453 |
The weather behind that power bill
Lake Clarke Shores sits in Palm Beach County, which averages a high of 90.0°F in its hottest month and a low of 57.9°F in its coldest, with 61.75" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 4,166 cooling and 202 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Palm Beach County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Palm Beach County
Full Palm Beach County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Lake Clarke Shores?
A $495,000 home in Lake Clarke Shores, Florida costs approximately $3,881 per month with 20% down at 6.66%. That is $2,545 principal and interest, $421 property tax, $299 homeowners insurance, $204 utilities and $413 set aside for maintenance.
What is the property tax rate in Lake Clarke Shores?
Lake Clarke Shores has an effective property tax rate of 1.020%, based on a median home value of $494,700 and median real estate taxes of $5,045. That is higher than the Palm Beach County average of 0.884%.
What is the average home price in Lake Clarke Shores?
The median owner-occupied home value in Lake Clarke Shores, Florida is $494,700, against $407,300 across Palm Beach County.
Is it cheaper to rent or buy in Lake Clarke Shores?
Rent data is not published for Lake Clarke Shores at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Clarke Shores — 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.