Total monthly cost of ownership
Cost to Own a Home in Madeira Beach, Florida
A $696,000 home here costs
$5,289per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,578. The real number is $1,711 higher every month — 48% 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.
Madeira Beach against Pinellas County and Florida
| Measure | Madeira Beach | Pinellas County |
|---|---|---|
| Median home value | $696,400 | $319,000 |
| Median property tax | $6,072 | $2,324 |
| Effective tax rate | 0.872% | 0.729% |
| Median gross rent | $2,080 | $1,525 |
| Population | 3,937 | 960,565 |
The weather behind that power bill
Madeira Beach sits in Pinellas County, which averages a high of 90.6°F in its hottest month and a low of 52.5°F in its coldest, with 53.62" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 3,701 cooling and 447 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Pinellas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pinellas County
Full Pinellas County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Madeira Beach?
A $696,000 home in Madeira Beach, Florida costs approximately $5,289 per month with 20% down at 6.66%. That is $3,578 principal and interest, $506 property tax, $421 homeowners insurance, $204 utilities and $580 set aside for maintenance.
What is the property tax rate in Madeira Beach?
Madeira Beach has an effective property tax rate of 0.872%, based on a median home value of $696,400 and median real estate taxes of $6,072. That is higher than the Pinellas County average of 0.729%.
What is the average home price in Madeira Beach?
The median owner-occupied home value in Madeira Beach, Florida is $696,400, against $319,000 across Pinellas County.
Is it cheaper to rent or buy in Madeira Beach?
Median gross rent in Madeira Beach is $2,080 a month, against $5,289 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Madeira 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.