Total monthly cost of ownership
Cost to Own a Home in Monticello, Florida
A $193,000 home here costs
$1,574per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $992. The real number is $582 higher every month — 59% 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.
Monticello against Jefferson County and Florida
| Measure | Monticello | Jefferson County |
|---|---|---|
| Median home value | $192,500 | $198,800 |
| Median property tax | $1,194 | $1,348 |
| Effective tax rate | 0.620% | 0.678% |
| Median gross rent | $797 | $790 |
| Population | 2,627 | 14,713 |
The weather behind that power bill
Monticello sits in Jefferson County, which averages a high of 90.6°F in its hottest month and a low of 41.5°F in its coldest, with 58.55" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,441 cooling and 1,489 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
No other places of this size are published in Jefferson County.
Full Jefferson County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Monticello?
A $193,000 home in Monticello, Florida costs approximately $1,574 per month with 20% down at 6.66%. That is $992 principal and interest, $100 property tax, $117 homeowners insurance, $204 utilities and $161 set aside for maintenance.
What is the property tax rate in Monticello?
Monticello has an effective property tax rate of 0.620%, based on a median home value of $192,500 and median real estate taxes of $1,194. That is lower than the Jefferson County average of 0.678%.
What is the average home price in Monticello?
The median owner-occupied home value in Monticello, Florida is $192,500, against $198,800 across Jefferson County.
Is it cheaper to rent or buy in Monticello?
Median gross rent in Monticello is $797 a month, against $1,574 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 Monticello — 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.