Total monthly cost of ownership
Cost to Own a Home in Southwest Ranches, Florida
A $842,000 home here costs
$6,410per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,329. The real number is $2,081 higher every month — 48% 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.
Southwest Ranches against Broward County and Florida
| Measure | Southwest Ranches | Broward County |
|---|---|---|
| Median home value | $841,900 | $380,400 |
| Median property tax | $8,002 | $3,610 |
| Effective tax rate | 0.950% | 0.949% |
| Median gross rent | $2,730 | $1,804 |
| Population | 7,569 | 1,946,127 |
The weather behind that power bill
Southwest Ranches sits in Broward County, which averages a high of 91.4°F in its hottest month and a low of 59.1°F in its coldest, with 56.5" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 4,476 cooling and 146 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Broward County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Broward County
Full Broward County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Southwest Ranches?
A $842,000 home in Southwest Ranches, Florida costs approximately $6,410 per month with 20% down at 6.66%. That is $4,329 principal and interest, $667 property tax, $509 homeowners insurance, $204 utilities and $702 set aside for maintenance.
What is the property tax rate in Southwest Ranches?
Southwest Ranches has an effective property tax rate of 0.950%, based on a median home value of $841,900 and median real estate taxes of $8,002. That is in line with the Broward County average of 0.949%.
What is the average home price in Southwest Ranches?
The median owner-occupied home value in Southwest Ranches, Florida is $841,900, against $380,400 across Broward County.
Is it cheaper to rent or buy in Southwest Ranches?
Median gross rent in Southwest Ranches is $2,730 a month, against $6,410 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 Southwest Ranches — 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.