Total monthly cost of ownership
Cost to Own a Home in Malabar, Florida
A $442,000 home here costs
$3,316per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,272. The real number is $1,044 higher every month — 46% 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.
Malabar against Brevard County and Florida
| Measure | Malabar | Brevard County |
|---|---|---|
| Median home value | $441,700 | $304,400 |
| Median property tax | $2,447 | $2,139 |
| Effective tax rate | 0.554% | 0.703% |
| Median gross rent | — | $1,456 |
| Population | 3,017 | 620,533 |
The weather behind that power bill
Malabar sits in Brevard County, which averages a high of 89.7°F in its hottest month and a low of 51.7°F in its coldest, with 50.79" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,446 cooling and 485 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Brevard County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Brevard County
Full Brevard County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Malabar?
A $442,000 home in Malabar, Florida costs approximately $3,316 per month with 20% down at 6.66%. That is $2,272 principal and interest, $204 property tax, $267 homeowners insurance, $204 utilities and $368 set aside for maintenance.
What is the property tax rate in Malabar?
Malabar has an effective property tax rate of 0.554%, based on a median home value of $441,700 and median real estate taxes of $2,447. That is lower than the Brevard County average of 0.703%.
What is the average home price in Malabar?
The median owner-occupied home value in Malabar, Florida is $441,700, against $304,400 across Brevard County.
Is it cheaper to rent or buy in Malabar?
Rent data is not published for Malabar at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Malabar — 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.