Total monthly cost of ownership
Cost to Own a Home in Pea Ridge, Florida
A $217,000 home here costs
$1,704per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,116. The real number is $588 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.
Pea Ridge against Santa Rosa County and Florida
| Measure | Pea Ridge | Santa Rosa County |
|---|---|---|
| Median home value | $217,200 | $302,100 |
| Median property tax | $862 | $1,809 |
| Effective tax rate | 0.397% | 0.599% |
| Median gross rent | $1,174 | $1,445 |
| Population | 3,934 | 193,719 |
The weather behind that power bill
Pea Ridge sits in Santa Rosa County, which averages a high of 92.7°F in its hottest month and a low of 41.9°F in its coldest, with 66.39" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,911 cooling and 1,347 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Santa Rosa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Santa Rosa County
Full Santa Rosa County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Pea Ridge?
A $217,000 home in Pea Ridge, Florida costs approximately $1,704 per month with 20% down at 6.66%. That is $1,116 principal and interest, $72 property tax, $131 homeowners insurance, $204 utilities and $181 set aside for maintenance.
What is the property tax rate in Pea Ridge?
Pea Ridge has an effective property tax rate of 0.397%, based on a median home value of $217,200 and median real estate taxes of $862. That is lower than the Santa Rosa County average of 0.599%.
What is the average home price in Pea Ridge?
The median owner-occupied home value in Pea Ridge, Florida is $217,200, against $302,100 across Santa Rosa County.
Is it cheaper to rent or buy in Pea Ridge?
Median gross rent in Pea Ridge is $1,174 a month, against $1,704 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 Pea Ridge — 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.