Total monthly cost of ownership
Cost to Own a Home in Stuart, Florida
A $291,000 home here costs
$2,400per 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 $1,587. The real number is $813 higher every month, 51% more than the payment most buyers budget for.
Compare Martin 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.
Stuart against Martin County and Florida
| Measure | Stuart | Martin County |
|---|---|---|
| Median home value | $291,300 | $386,500 |
| Median property tax | $1,939 | $3,120 |
| Effective tax rate | 0.666% | 0.807% |
| Median gross rent | $1,540 | $1,499 |
| Population | 18,058 | 160,464 |
The weather behind that power bill
Stuart sits in Martin County, which averages a high of 90.8°F in its hottest month and a low of 53.6°F in its coldest, with 64.16" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 3,528 cooling and 337 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Martin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Martin County
Talk to someone who works this market
These are Stuart 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 Stuart every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stuart I already own here and may sell
Common questions
How much does it cost to own a home in Stuart?
A $291,000 home in Stuart, Florida costs approximately $2,400 per month with 20% down at 7.24%. That is $1,587 principal and interest, $162 property tax, $176 homeowners insurance, $233 utilities and $243 set aside for maintenance.
What is the property tax rate in Stuart?
Stuart has an effective property tax rate of 0.666%, based on a median home value of $291,300 and median real estate taxes of $1,939. That is lower than the Martin County average of 0.807%.
What is the average home price in Stuart?
The median owner-occupied home value in Stuart, Florida is $291,300, against $386,500 across Martin County.
Is it cheaper to rent or buy in Stuart?
Median gross rent in Stuart is $1,540 a month, against $2,400 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 Stuart?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stuart, Florida at today's rate takes a household income of roughly $103,000 a year. That covers the full $2,400 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stuart, 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.