Total monthly cost of ownership
Cost to Own a Home in Neptune Beach, Florida
A $614,000 home here costs
$4,843per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $207,500 a year.
A standard mortgage calculator would have told you $3,401. The real number is $1,442 higher every month, 42% more than the payment most buyers budget for.
Compare Duval 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.
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 $166 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
Talk to someone who works this market
These are Neptune Beach 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 Neptune Beach every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Neptune Beach?
A $614,000 home in Neptune Beach, Florida costs approximately $4,843 per month with 20% down at 7.4%. That is $3,401 principal and interest, $326 property tax, $371 homeowners insurance, $234 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 $4,843 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 Neptune Beach?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Neptune Beach, Florida at today's rate takes a household income of roughly $207,500 a year. That covers the full $4,843 monthly cost, not just the mortgage payment.
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.