Total monthly cost of ownership
Cost to Own a Home in Palm Coast, Florida
A $317,000 home here costs
$2,626per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $112,500 a year.
A standard mortgage calculator would have told you $1,728. The real number is $897 higher every month, 52% more than the payment most buyers budget for.
Compare Flagler 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.
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 $165 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
Talk to someone who works this market
These are Palm Coast 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 Palm Coast every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Palm Coast I already own here and may sell
Common questions
How much does it cost to own a home in Palm Coast?
A $317,000 home in Palm Coast, Florida costs approximately $2,626 per month with 20% down at 7.24%. That is $1,728 principal and interest, $208 property tax, $192 homeowners insurance, $233 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 $2,626 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 Palm Coast?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Palm Coast, Florida at today's rate takes a household income of roughly $112,500 a year. That covers the full $2,626 monthly cost, not just the mortgage payment.
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.