Total monthly cost of ownership
Cost to Own a Home in New Smyrna Beach, Florida
A $366,000 home here costs
$3,024per 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 $129,500 a year.
A standard mortgage calculator would have told you $2,027. The real number is $997 higher every month, 49% more than the payment most buyers budget for.
Compare Volusia 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.
New Smyrna Beach against Volusia County and Florida
| Measure | New Smyrna Beach | Volusia County |
|---|---|---|
| Median home value | $365,900 | $278,000 |
| Median property tax | $2,838 | $2,179 |
| Effective tax rate | 0.776% | 0.784% |
| Median gross rent | $1,638 | $1,368 |
| Population | 31,212 | 568,229 |
The weather behind that power bill
New Smyrna Beach sits in Volusia County, which averages a high of 90.2°F in its hottest month and a low of 48.5°F in its coldest, with 51.25" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 3,112 cooling and 708 heating degree days, which is what sets the $166 electricity line above.
See the full climate breakdown for Volusia County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Volusia County
Full Volusia County cost breakdown · Every county in Florida
Talk to someone who works this market
These are New Smyrna 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 New Smyrna Beach every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in New Smyrna Beach I already own here and may sell
Common questions
How much does it cost to own a home in New Smyrna Beach?
A $366,000 home in New Smyrna Beach, Florida costs approximately $3,024 per month with 20% down at 7.4%. That is $2,027 principal and interest, $237 property tax, $221 homeowners insurance, $234 utilities and $305 set aside for maintenance.
What is the property tax rate in New Smyrna Beach?
New Smyrna Beach has an effective property tax rate of 0.776%, based on a median home value of $365,900 and median real estate taxes of $2,838. That is in line with the Volusia County average of 0.784%.
What is the average home price in New Smyrna Beach?
The median owner-occupied home value in New Smyrna Beach, Florida is $365,900, against $278,000 across Volusia County.
Is it cheaper to rent or buy in New Smyrna Beach?
Median gross rent in New Smyrna Beach is $1,638 a month, against $3,024 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 New Smyrna Beach?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in New Smyrna Beach, Florida at today's rate takes a household income of roughly $129,500 a year. That covers the full $3,024 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for New Smyrna 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.