Total monthly cost of ownership
Cost to Own a Home in Plantation, Florida
A $383,000 home here costs
$3,106per 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 $133,000 a year.
A standard mortgage calculator would have told you $2,088. The real number is $1,018 higher every month, 49% more than the payment most buyers budget for.
Compare Sarasota County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Plantation from a five-year rolling sample, and with about 4,483 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Sarasota County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Plantation against Sarasota County and Florida
| Measure | Plantation | Sarasota County |
|---|---|---|
| Median home value | $383,000 | $373,100 |
| Median property tax | $2,803 | $2,826 |
| Effective tax rate | 0.732% | 0.757% |
| Median gross rent | $1,866 | $1,715 |
| Population | 4,483 | 449,011 |
The weather behind that power bill
Plantation sits in Sarasota County, which averages a high of 92.5°F in its hottest month and a low of 50.0°F in its coldest, with 61.07" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 3,581 cooling and 417 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Sarasota County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sarasota County
Full Sarasota County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Plantation 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 Plantation every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Plantation I already own here and may sell
Common questions
How much does it cost to own a home in Plantation?
A $383,000 home in Plantation, Florida costs approximately $3,106 per month with 20% down at 7.24%. That is $2,088 principal and interest, $234 property tax, $231 homeowners insurance, $233 utilities and $319 set aside for maintenance.
What is the property tax rate in Plantation?
Plantation has an effective property tax rate of 0.732%, based on a median home value of $383,000 and median real estate taxes of $2,803. That is lower than the Sarasota County average of 0.757%.
What is the average home price in Plantation?
The median owner-occupied home value in Plantation, Florida is $383,000, against $373,100 across Sarasota County.
Is it cheaper to rent or buy in Plantation?
Median gross rent in Plantation is $1,866 a month, against $3,106 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 Plantation?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Plantation, Florida at today's rate takes a household income of roughly $133,000 a year. That covers the full $3,106 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Plantation, 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.