Total monthly cost of ownership
Cost to Own a Home in Palm Valley, Florida
A $646,000 home here costs
$4,821per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,321. The real number is $1,500 higher every month — 45% 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 Valley against St. Johns County and Florida
| Measure | Palm Valley | St. Johns County |
|---|---|---|
| Median home value | $646,200 | $457,600 |
| Median property tax | $4,400 | $3,547 |
| Effective tax rate | 0.681% | 0.775% |
| Median gross rent | $1,804 | $1,775 |
| Population | 19,775 | 292,243 |
The weather behind that power bill
Palm Valley sits in St. Johns County, which averages a high of 91.0°F in its hottest month and a low of 47.8°F in its coldest, with 50.64" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 3,079 cooling and 803 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for St. Johns County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Johns County
Full St. Johns County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Palm Valley?
A $646,000 home in Palm Valley, Florida costs approximately $4,821 per month with 20% down at 6.66%. That is $3,321 principal and interest, $367 property tax, $390 homeowners insurance, $204 utilities and $538 set aside for maintenance.
What is the property tax rate in Palm Valley?
Palm Valley has an effective property tax rate of 0.681%, based on a median home value of $646,200 and median real estate taxes of $4,400. That is lower than the St. Johns County average of 0.775%.
What is the average home price in Palm Valley?
The median owner-occupied home value in Palm Valley, Florida is $646,200, against $457,600 across St. Johns County.
Is it cheaper to rent or buy in Palm Valley?
Median gross rent in Palm Valley is $1,804 a month, against $4,821 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 Valley — 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.