Total monthly cost of ownership
Cost to Own a Home in Ruskin, Florida
A $278,000 home here costs
$2,404per 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 $103,000 a year.
A standard mortgage calculator would have told you $1,516. The real number is $888 higher every month, 59% more than the payment most buyers budget for.
Compare Hillsborough 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.
Ruskin against Hillsborough County and Florida
| Measure | Ruskin | Hillsborough County |
|---|---|---|
| Median home value | $278,300 | $333,300 |
| Median property tax | $3,068 | $2,787 |
| Effective tax rate | 1.102% | 0.836% |
| Median gross rent | $1,593 | $1,543 |
| Population | 30,074 | 1,489,634 |
The weather behind that power bill
Ruskin sits in Hillsborough County, which averages a high of 91.2°F in its hottest month and a low of 52.8°F in its coldest, with 49.48" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 3,928 cooling and 433 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Hillsborough County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hillsborough County
Full Hillsborough County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Ruskin 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 Ruskin every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ruskin I already own here and may sell
Common questions
How much does it cost to own a home in Ruskin?
A $278,000 home in Ruskin, Florida costs approximately $2,404 per month with 20% down at 7.24%. That is $1,516 principal and interest, $255 property tax, $168 homeowners insurance, $233 utilities and $232 set aside for maintenance.
What is the property tax rate in Ruskin?
Ruskin has an effective property tax rate of 1.102%, based on a median home value of $278,300 and median real estate taxes of $3,068. That is higher than the Hillsborough County average of 0.836%.
What is the average home price in Ruskin?
The median owner-occupied home value in Ruskin, Florida is $278,300, against $333,300 across Hillsborough County.
Is it cheaper to rent or buy in Ruskin?
Median gross rent in Ruskin is $1,593 a month, against $2,404 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 Ruskin?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ruskin, Florida at today's rate takes a household income of roughly $103,000 a year. That covers the full $2,404 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ruskin, 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.