Total monthly cost of ownership
Cost to Own a Home in Marco Island, Florida
A $866,000 home here costs
$6,387per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,452. The real number is $1,935 higher every month — 43% 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.
Marco Island against Collier County and Florida
| Measure | Marco Island | Collier County |
|---|---|---|
| Median home value | $866,200 | $486,800 |
| Median property tax | $5,832 | $3,219 |
| Effective tax rate | 0.673% | 0.661% |
| Median gross rent | $1,955 | $1,752 |
| Population | 15,998 | 387,681 |
The weather behind that power bill
Marco Island sits in Collier County, which averages a high of 92.6°F in its hottest month and a low of 53.1°F in its coldest, with 55.28" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 4,136 cooling and 230 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Collier County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Collier County
Full Collier County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Marco Island?
A $866,000 home in Marco Island, Florida costs approximately $6,387 per month with 20% down at 6.66%. That is $4,452 principal and interest, $486 property tax, $523 homeowners insurance, $204 utilities and $722 set aside for maintenance.
What is the property tax rate in Marco Island?
Marco Island has an effective property tax rate of 0.673%, based on a median home value of $866,200 and median real estate taxes of $5,832. That is higher than the Collier County average of 0.661%.
What is the average home price in Marco Island?
The median owner-occupied home value in Marco Island, Florida is $866,200, against $486,800 across Collier County.
Is it cheaper to rent or buy in Marco Island?
Median gross rent in Marco Island is $1,955 a month, against $6,387 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 Marco Island — 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.