Total monthly cost of ownership
Cost to Own a Home in Miramar Beach, Florida
A $672,000 home here costs
$4,900per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,455. The real number is $1,445 higher every month — 42% 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.
Miramar Beach against Walton County and Florida
| Measure | Miramar Beach | Walton County |
|---|---|---|
| Median home value | $672,200 | $376,400 |
| Median property tax | $3,292 | $1,709 |
| Effective tax rate | 0.490% | 0.454% |
| Median gross rent | $2,097 | $1,674 |
| Population | 8,587 | 79,846 |
The weather behind that power bill
Miramar Beach sits in Walton County, which averages a high of 90.9°F in its hottest month and a low of 45.3°F in its coldest, with 55.35" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,936 cooling and 1,179 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Walton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walton County
Common questions
How much does it cost to own a home in Miramar Beach?
A $672,000 home in Miramar Beach, Florida costs approximately $4,900 per month with 20% down at 6.66%. That is $3,455 principal and interest, $274 property tax, $406 homeowners insurance, $204 utilities and $560 set aside for maintenance.
What is the property tax rate in Miramar Beach?
Miramar Beach has an effective property tax rate of 0.490%, based on a median home value of $672,200 and median real estate taxes of $3,292. That is higher than the Walton County average of 0.454%.
What is the average home price in Miramar Beach?
The median owner-occupied home value in Miramar Beach, Florida is $672,200, against $376,400 across Walton County.
Is it cheaper to rent or buy in Miramar Beach?
Median gross rent in Miramar Beach is $2,097 a month, against $4,900 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 Miramar 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.