Total monthly cost of ownership
Cost to Own a Home in Three Oaks, Florida
A $421,000 home here costs
$3,229per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,164. The real number is $1,064 higher every month — 49% 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.
Three Oaks against Lee County and Florida
| Measure | Three Oaks | Lee County |
|---|---|---|
| Median home value | $421,300 | $326,300 |
| Median property tax | $3,058 | $2,699 |
| Effective tax rate | 0.726% | 0.827% |
| Median gross rent | $1,851 | $1,597 |
| Population | 6,037 | 792,692 |
The weather behind that power bill
Three Oaks sits in Lee County, which averages a high of 91.7°F in its hottest month and a low of 54.3°F in its coldest, with 57.41" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 4,046 cooling and 252 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Lee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lee County
Common questions
How much does it cost to own a home in Three Oaks?
A $421,000 home in Three Oaks, Florida costs approximately $3,229 per month with 20% down at 6.66%. That is $2,164 principal and interest, $255 property tax, $254 homeowners insurance, $204 utilities and $351 set aside for maintenance.
What is the property tax rate in Three Oaks?
Three Oaks has an effective property tax rate of 0.726%, based on a median home value of $421,300 and median real estate taxes of $3,058. That is lower than the Lee County average of 0.827%.
What is the average home price in Three Oaks?
The median owner-occupied home value in Three Oaks, Florida is $421,300, against $326,300 across Lee County.
Is it cheaper to rent or buy in Three Oaks?
Median gross rent in Three Oaks is $1,851 a month, against $3,229 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 Three Oaks — 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.