Total monthly cost of ownership
Cost to Own a Home in Umatilla, Florida
A $195,000 home here costs
$1,711per 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 $73,500 a year.
A standard mortgage calculator would have told you $1,063. The real number is $648 higher every month, 61% more than the payment most buyers budget for.
Compare Lake County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Umatilla from a five-year rolling sample, and with about 3,793 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 Lake 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.
Umatilla against Lake County and Florida
| Measure | Umatilla | Lake County |
|---|---|---|
| Median home value | $194,500 | $287,900 |
| Median property tax | $1,600 | $2,284 |
| Effective tax rate | 0.823% | 0.793% |
| Median gross rent | $2,448 | $1,468 |
| Population | 3,793 | 398,696 |
The weather behind that power bill
Umatilla sits in Lake County, which averages a high of 91.7°F in its hottest month and a low of 48.9°F in its coldest, with 43.78" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 3,481 cooling and 630 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Lake County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lake County
Talk to someone who works this market
These are Umatilla 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 Umatilla every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Umatilla I already own here and may sell
Common questions
How much does it cost to own a home in Umatilla?
A $195,000 home in Umatilla, Florida costs approximately $1,711 per month with 20% down at 7.24%. That is $1,063 principal and interest, $134 property tax, $118 homeowners insurance, $233 utilities and $163 set aside for maintenance.
What is the property tax rate in Umatilla?
Umatilla has an effective property tax rate of 0.823%, based on a median home value of $194,500 and median real estate taxes of $1,600. That is higher than the Lake County average of 0.793%.
What is the average home price in Umatilla?
The median owner-occupied home value in Umatilla, Florida is $194,500, against $287,900 across Lake County.
Is it cheaper to rent or buy in Umatilla?
Median gross rent in Umatilla is $2,448 a month, against $1,711 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Umatilla?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Umatilla, Florida at today's rate takes a household income of roughly $73,500 a year. That covers the full $1,711 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Umatilla, 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.