Total monthly cost of ownership
Cost to Own a Home in South Patrick Shores, Florida
A $411,000 home here costs
$3,315per 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 $142,000 a year.
A standard mortgage calculator would have told you $2,241. The real number is $1,074 higher every month, 48% more than the payment most buyers budget for.
Compare Brevard 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.
South Patrick Shores against Brevard County and Florida
| Measure | South Patrick Shores | Brevard County |
|---|---|---|
| Median home value | $410,800 | $304,400 |
| Median property tax | $2,993 | $2,139 |
| Effective tax rate | 0.729% | 0.703% |
| Median gross rent | $1,586 | $1,456 |
| Population | 6,726 | 620,533 |
The weather behind that power bill
South Patrick Shores sits in Brevard County, which averages a high of 89.7°F in its hottest month and a low of 51.7°F in its coldest, with 50.79" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,446 cooling and 485 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Brevard County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Brevard County
Full Brevard County cost breakdown · Every county in Florida
Talk to someone who works this market
These are South Patrick Shores 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 South Patrick Shores every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Patrick Shores I already own here and may sell
Common questions
How much does it cost to own a home in South Patrick Shores?
A $411,000 home in South Patrick Shores, Florida costs approximately $3,315 per month with 20% down at 7.24%. That is $2,241 principal and interest, $250 property tax, $248 homeowners insurance, $233 utilities and $343 set aside for maintenance.
What is the property tax rate in South Patrick Shores?
South Patrick Shores has an effective property tax rate of 0.729%, based on a median home value of $410,800 and median real estate taxes of $2,993. That is higher than the Brevard County average of 0.703%.
What is the average home price in South Patrick Shores?
The median owner-occupied home value in South Patrick Shores, Florida is $410,800, against $304,400 across Brevard County.
Is it cheaper to rent or buy in South Patrick Shores?
Median gross rent in South Patrick Shores is $1,586 a month, against $3,315 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 South Patrick Shores?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Patrick Shores, Florida at today's rate takes a household income of roughly $142,000 a year. That covers the full $3,315 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Patrick Shores, 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.