Total monthly cost of ownership
Cost to Own a Home in Upper Grand Lagoon, Florida
A $351,000 home here costs
$2,702per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,804. The real number is $897 higher every month — 50% 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.
Upper Grand Lagoon against Bay County and Florida
| Measure | Upper Grand Lagoon | Bay County |
|---|---|---|
| Median home value | $351,400 | $276,900 |
| Median property tax | $2,260 | $1,653 |
| Effective tax rate | 0.643% | 0.597% |
| Median gross rent | $1,570 | $1,424 |
| Population | 17,162 | 181,368 |
The weather behind that power bill
Upper Grand Lagoon sits in Bay County, which averages a high of 89.7°F in its hottest month and a low of 44.4°F in its coldest, with 53.08" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,738 cooling and 1,224 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Bay County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bay County
Common questions
How much does it cost to own a home in Upper Grand Lagoon?
A $351,000 home in Upper Grand Lagoon, Florida costs approximately $2,702 per month with 20% down at 6.66%. That is $1,804 principal and interest, $188 property tax, $212 homeowners insurance, $204 utilities and $293 set aside for maintenance.
What is the property tax rate in Upper Grand Lagoon?
Upper Grand Lagoon has an effective property tax rate of 0.643%, based on a median home value of $351,400 and median real estate taxes of $2,260. That is higher than the Bay County average of 0.597%.
What is the average home price in Upper Grand Lagoon?
The median owner-occupied home value in Upper Grand Lagoon, Florida is $351,400, against $276,900 across Bay County.
Is it cheaper to rent or buy in Upper Grand Lagoon?
Median gross rent in Upper Grand Lagoon is $1,570 a month, against $2,702 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 Upper Grand Lagoon — 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.