Total monthly cost of ownership
Cost to Own a Home in Ocklawaha, Florida
A $185,000 home here costs
$1,532per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $951. The real number is $581 higher every month — 61% 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.
Ocklawaha against Marion County and Florida
| Measure | Ocklawaha | Marion County |
|---|---|---|
| Median home value | $184,600 | $220,800 |
| Median property tax | $1,320 | $1,659 |
| Effective tax rate | 0.715% | 0.751% |
| Median gross rent | $1,402 | $1,174 |
| Population | 1,966 | 387,697 |
The weather behind that power bill
Ocklawaha sits in Marion County, which averages a high of 92.0°F in its hottest month and a low of 45.6°F in its coldest, with 51.64" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,104 cooling and 791 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Common questions
How much does it cost to own a home in Ocklawaha?
A $185,000 home in Ocklawaha, Florida costs approximately $1,532 per month with 20% down at 6.66%. That is $951 principal and interest, $110 property tax, $112 homeowners insurance, $204 utilities and $154 set aside for maintenance.
What is the property tax rate in Ocklawaha?
Ocklawaha has an effective property tax rate of 0.715%, based on a median home value of $184,600 and median real estate taxes of $1,320. That is lower than the Marion County average of 0.751%.
What is the average home price in Ocklawaha?
The median owner-occupied home value in Ocklawaha, Florida is $184,600, against $220,800 across Marion County.
Is it cheaper to rent or buy in Ocklawaha?
Median gross rent in Ocklawaha is $1,402 a month, against $1,532 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 Ocklawaha — 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.