Total monthly cost of ownership
Cost to Own a Home in Orlando, Florida
A $359,000 home here costs
$2,810per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,846. The real number is $964 higher every month — 52% 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.
Orlando against Orange County and Florida
| Measure | Orlando | Orange County |
|---|---|---|
| Median home value | $359,000 | $358,300 |
| Median property tax | $2,922 | $2,795 |
| Effective tax rate | 0.814% | 0.780% |
| Median gross rent | $1,650 | $1,675 |
| Population | 311,732 | 1,440,471 |
The weather behind that power bill
Orlando sits in Orange County, which averages a high of 91.9°F in its hottest month and a low of 51.8°F in its coldest, with 51.47" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 3,693 cooling and 468 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Orange County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Orange County
Common questions
How much does it cost to own a home in Orlando?
A $359,000 home in Orlando, Florida costs approximately $2,810 per month with 20% down at 6.66%. That is $1,846 principal and interest, $244 property tax, $217 homeowners insurance, $204 utilities and $299 set aside for maintenance.
What is the property tax rate in Orlando?
Orlando has an effective property tax rate of 0.814%, based on a median home value of $359,000 and median real estate taxes of $2,922. That is higher than the Orange County average of 0.780%.
What is the average home price in Orlando?
The median owner-occupied home value in Orlando, Florida is $359,000, against $358,300 across Orange County.
Is it cheaper to rent or buy in Orlando?
Median gross rent in Orlando is $1,650 a month, against $2,810 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 Orlando — 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.