Total monthly cost of ownership
Cost to Own a Home in Palm Coast, Florida
A $317,000 home here costs
$2,498per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,630. The real number is $868 higher every month — 53% 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.
Palm Coast against Flagler County and Florida
| Measure | Palm Coast | Flagler County |
|---|---|---|
| Median home value | $317,200 | $333,400 |
| Median property tax | $2,499 | $2,628 |
| Effective tax rate | 0.788% | 0.788% |
| Median gross rent | $1,747 | $1,687 |
| Population | 94,362 | 121,710 |
The weather behind that power bill
Palm Coast sits in Flagler County, which averages a high of 87.8°F in its hottest month and a low of 49.2°F in its coldest, with 51.44" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 3,143 cooling and 792 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Flagler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Flagler County
Full Flagler County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Palm Coast?
A $317,000 home in Palm Coast, Florida costs approximately $2,498 per month with 20% down at 6.66%. That is $1,630 principal and interest, $208 property tax, $192 homeowners insurance, $204 utilities and $264 set aside for maintenance.
What is the property tax rate in Palm Coast?
Palm Coast has an effective property tax rate of 0.788%, based on a median home value of $317,200 and median real estate taxes of $2,499. That is in line with the Flagler County average of 0.788%.
What is the average home price in Palm Coast?
The median owner-occupied home value in Palm Coast, Florida is $317,200, against $333,400 across Flagler County.
Is it cheaper to rent or buy in Palm Coast?
Median gross rent in Palm Coast is $1,747 a month, against $2,498 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 Palm Coast — 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.