Total monthly cost of ownership
Cost to Own a Home in Malone, Florida
A $74,000 home here costs
$732per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $380. The real number is $351 higher every month — 92% 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.
Malone against Jackson County and Florida
| Measure | Malone | Jackson County |
|---|---|---|
| Median home value | $73,600 | $113,900 |
| Median property tax | $481 | $625 |
| Effective tax rate | 0.654% | 0.549% |
| Median gross rent | $738 | $846 |
| Population | 2,275 | 47,652 |
The weather behind that power bill
Malone sits in Jackson County, which averages a high of 92.4°F in its hottest month and a low of 40.7°F in its coldest, with 51.11" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,755 cooling and 1,522 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Jackson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Malone?
A $74,000 home in Malone, Florida costs approximately $732 per month with 20% down at 6.66%. That is $380 principal and interest, $40 property tax, $45 homeowners insurance, $204 utilities and $62 set aside for maintenance.
What is the property tax rate in Malone?
Malone has an effective property tax rate of 0.654%, based on a median home value of $73,600 and median real estate taxes of $481. That is higher than the Jackson County average of 0.549%.
What is the average home price in Malone?
The median owner-occupied home value in Malone, Florida is $73,600, against $113,900 across Jackson County.
Is it cheaper to rent or buy in Malone?
Median gross rent in Malone is $738 a month, against $732 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Malone — 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.