Total monthly cost of ownership
Cost to Own a Home in Timber Pines, Florida
A $253,000 home here costs
$2,151per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $92,000 a year.
A standard mortgage calculator would have told you $1,401. The real number is $750 higher every month, 54% more than the payment most buyers budget for.
Compare Hernando County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Timber Pines from a five-year rolling sample, and with about 4,790 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Hernando County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Timber Pines against Hernando County and Florida
| Measure | Timber Pines | Hernando County |
|---|---|---|
| Median home value | $252,800 | $240,700 |
| Median property tax | $1,828 | $1,732 |
| Effective tax rate | 0.723% | 0.720% |
| Median gross rent | $1,139 | $1,209 |
| Population | 4,790 | 201,512 |
The weather behind that power bill
Timber Pines sits in Hernando County, which averages a high of 90.9°F in its hottest month and a low of 44.3°F in its coldest, with 51.94" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 2,965 cooling and 876 heating degree days, which is what sets the $166 electricity line above.
See the full climate breakdown for Hernando County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hernando County
Full Hernando County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Timber Pines 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 Timber Pines every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Timber Pines I already own here and may sell
Common questions
How much does it cost to own a home in Timber Pines?
A $253,000 home in Timber Pines, Florida costs approximately $2,151 per month with 20% down at 7.4%. That is $1,401 principal and interest, $152 property tax, $153 homeowners insurance, $234 utilities and $211 set aside for maintenance.
What is the property tax rate in Timber Pines?
Timber Pines has an effective property tax rate of 0.723%, based on a median home value of $252,800 and median real estate taxes of $1,828. That is in line with the Hernando County average of 0.720%.
What is the average home price in Timber Pines?
The median owner-occupied home value in Timber Pines, Florida is $252,800, against $240,700 across Hernando County.
Is it cheaper to rent or buy in Timber Pines?
Median gross rent in Timber Pines is $1,139 a month, against $2,151 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 Timber Pines?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Timber Pines, Florida at today's rate takes a household income of roughly $92,000 a year. That covers the full $2,151 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Timber Pines, 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.