Total monthly cost of ownership
Cost to Own a Home in Neptune Beach, Florida
A $614,000 home here costs
$4,570per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,157. The real number is $1,413 higher every month — 45% 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.
Neptune Beach against Duval County and Florida
| Measure | Neptune Beach | Duval County |
|---|---|---|
| Median home value | $613,500 | $274,900 |
| Median property tax | $3,909 | $2,142 |
| Effective tax rate | 0.637% | 0.779% |
| Median gross rent | $1,481 | $1,385 |
| Population | 7,199 | 1,007,189 |
The weather behind that power bill
Neptune Beach sits in Duval County, which averages a high of 91.8°F in its hottest month and a low of 47.2°F in its coldest, with 47.6" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,302 cooling and 944 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Duval County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Duval County
Common questions
How much does it cost to own a home in Neptune Beach?
A $614,000 home in Neptune Beach, Florida costs approximately $4,570 per month with 20% down at 6.66%. That is $3,157 principal and interest, $326 property tax, $371 homeowners insurance, $204 utilities and $512 set aside for maintenance.
What is the property tax rate in Neptune Beach?
Neptune Beach has an effective property tax rate of 0.637%, based on a median home value of $613,500 and median real estate taxes of $3,909. That is lower than the Duval County average of 0.779%.
What is the average home price in Neptune Beach?
The median owner-occupied home value in Neptune Beach, Florida is $613,500, against $274,900 across Duval County.
Is it cheaper to rent or buy in Neptune Beach?
Median gross rent in Neptune Beach is $1,481 a month, against $4,570 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 Neptune 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.