Total monthly cost of ownership
Cost to Own a Home in University (Hillsborough County), Florida
A $146,000 home here costs
$1,343per 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 $57,500 a year.
A standard mortgage calculator would have told you $809. The real number is $534 higher every month, 66% more than the payment most buyers budget for.
Compare Hillsborough 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.
University (Hillsborough County) against Hillsborough County and Florida
| Measure | University (Hillsborough County) | Hillsborough County |
|---|---|---|
| Median home value | $146,400 | $333,300 |
| Median property tax | $1,084 | $2,787 |
| Effective tax rate | 0.740% | 0.836% |
| Median gross rent | $1,185 | $1,543 |
| Population | 48,868 | 1,489,634 |
The weather behind that power bill
University (Hillsborough County) sits in Hillsborough County, which averages a high of 91.2°F in its hottest month and a low of 52.8°F in its coldest, with 49.48" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 3,928 cooling and 433 heating degree days, which is what sets the $166 electricity line above.
See the full climate breakdown for Hillsborough County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hillsborough County
Full Hillsborough County cost breakdown · Every county in Florida
Talk to someone who works this market
These are University (Hillsborough County) 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 University (Hillsborough County) every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in University (Hillsborough County) I already own here and may sell
Common questions
How much does it cost to own a home in University (Hillsborough County)?
A $146,000 home in University (Hillsborough County), Florida costs approximately $1,343 per month with 20% down at 7.4%. That is $809 principal and interest, $90 property tax, $88 homeowners insurance, $234 utilities and $122 set aside for maintenance.
What is the property tax rate in University (Hillsborough County)?
University (Hillsborough County) has an effective property tax rate of 0.740%, based on a median home value of $146,400 and median real estate taxes of $1,084. That is lower than the Hillsborough County average of 0.836%.
What is the average home price in University (Hillsborough County)?
The median owner-occupied home value in University (Hillsborough County), Florida is $146,400, against $333,300 across Hillsborough County.
Is it cheaper to rent or buy in University (Hillsborough County)?
Median gross rent in University (Hillsborough County) is $1,185 a month, against $1,343 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 University (Hillsborough County)?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in University (Hillsborough County), Florida at today's rate takes a household income of roughly $57,500 a year. That covers the full $1,343 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for University (Hillsborough County), 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.