Total monthly cost of ownership
Cost to Own a Home in Navarre, Florida
A $352,000 home here costs
$2,842per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $122,000 a year.
A standard mortgage calculator would have told you $1,919. The real number is $923 higher every month, 48% more than the payment most buyers budget for.
Compare Santa Rosa County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Navarre against Santa Rosa County and Florida
| Measure | Navarre | Santa Rosa County |
|---|---|---|
| Median home value | $352,300 | $302,100 |
| Median property tax | $2,202 | $1,809 |
| Effective tax rate | 0.625% | 0.599% |
| Median gross rent | $1,797 | $1,445 |
| Population | 38,988 | 193,719 |
The weather behind that power bill
Navarre sits in Santa Rosa County, which averages a high of 92.7°F in its hottest month and a low of 41.9°F in its coldest, with 66.39" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,911 cooling and 1,347 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Santa Rosa County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Santa Rosa County
Full Santa Rosa County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Navarre averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Navarre every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Navarre I already own here and may sell
Common questions
How much does it cost to own a home in Navarre?
A $352,000 home in Navarre, Florida costs approximately $2,842 per month with 20% down at 7.24%. That is $1,919 principal and interest, $183 property tax, $213 homeowners insurance, $233 utilities and $293 set aside for maintenance.
What is the property tax rate in Navarre?
Navarre has an effective property tax rate of 0.625%, based on a median home value of $352,300 and median real estate taxes of $2,202. That is higher than the Santa Rosa County average of 0.599%.
What is the average home price in Navarre?
The median owner-occupied home value in Navarre, Florida is $352,300, against $302,100 across Santa Rosa County.
Is it cheaper to rent or buy in Navarre?
Median gross rent in Navarre is $1,797 a month, against $2,842 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Navarre?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Navarre, Florida at today's rate takes a household income of roughly $122,000 a year. That covers the full $2,842 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Navarre, 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.