Total monthly cost of ownership
Cost to Own a Home in Medulla, Florida
A $288,000 home here costs
$2,285per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,481. The real number is $804 higher every month — 54% 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.
Medulla against Polk County and Florida
| Measure | Medulla | Polk County |
|---|---|---|
| Median home value | $288,400 | $240,000 |
| Median property tax | $2,235 | $1,769 |
| Effective tax rate | 0.775% | 0.737% |
| Median gross rent | $1,227 | $1,272 |
| Population | 11,712 | 760,961 |
The weather behind that power bill
Medulla sits in Polk County, which averages a high of 92.9°F in its hottest month and a low of 51.9°F in its coldest, with 46.12" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 3,929 cooling and 421 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Polk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Polk County
Common questions
How much does it cost to own a home in Medulla?
A $288,000 home in Medulla, Florida costs approximately $2,285 per month with 20% down at 6.66%. That is $1,481 principal and interest, $186 property tax, $174 homeowners insurance, $204 utilities and $240 set aside for maintenance.
What is the property tax rate in Medulla?
Medulla has an effective property tax rate of 0.775%, based on a median home value of $288,400 and median real estate taxes of $2,235. That is higher than the Polk County average of 0.737%.
What is the average home price in Medulla?
The median owner-occupied home value in Medulla, Florida is $288,400, against $240,000 across Polk County.
Is it cheaper to rent or buy in Medulla?
Median gross rent in Medulla is $1,227 a month, against $2,285 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 Medulla — 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.