Total monthly cost of ownership
Cost to Own a Home in Quincy, Florida
A $102,000 home here costs
$999per 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 $43,000 a year.
A standard mortgage calculator would have told you $556. The real number is $443 higher every month, 80% more than the payment most buyers budget for.
Compare Gadsden 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.
Quincy against Gadsden County and Florida
| Measure | Quincy | Gadsden County |
|---|---|---|
| Median home value | $101,700 | $154,700 |
| Median property tax | $752 | $854 |
| Effective tax rate | 0.739% | 0.552% |
| Median gross rent | $1,022 | $792 |
| Population | 7,818 | 43,642 |
The weather behind that power bill
Quincy sits in Gadsden County, which averages a high of 91.3°F in its hottest month and a low of 39.8°F in its coldest, with 59.81" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,495 cooling and 1,600 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Gadsden County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gadsden County
Full Gadsden County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Quincy 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 Quincy every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Quincy I already own here and may sell
Common questions
How much does it cost to own a home in Quincy?
A $102,000 home in Quincy, Florida costs approximately $999 per month with 20% down at 7.24%. That is $556 principal and interest, $63 property tax, $62 homeowners insurance, $233 utilities and $85 set aside for maintenance.
What is the property tax rate in Quincy?
Quincy has an effective property tax rate of 0.739%, based on a median home value of $101,700 and median real estate taxes of $752. That is higher than the Gadsden County average of 0.552%.
What is the average home price in Quincy?
The median owner-occupied home value in Quincy, Florida is $101,700, against $154,700 across Gadsden County.
Is it cheaper to rent or buy in Quincy?
Median gross rent in Quincy is $1,022 a month, against $999 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Quincy?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Quincy, Florida at today's rate takes a household income of roughly $43,000 a year. That covers the full $999 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Quincy, 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.