Total monthly cost of ownership
Cost to Own a Home in Valrico, Florida
A $356,000 home here costs
$2,808per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,830. The real number is $977 higher every month — 53% 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.
Valrico against Hillsborough County and Florida
| Measure | Valrico | Hillsborough County |
|---|---|---|
| Median home value | $356,200 | $333,300 |
| Median property tax | $3,137 | $2,787 |
| Effective tax rate | 0.881% | 0.836% |
| Median gross rent | $1,698 | $1,543 |
| Population | 38,820 | 1,489,634 |
The weather behind that power bill
Valrico 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 $136 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
Common questions
How much does it cost to own a home in Valrico?
A $356,000 home in Valrico, Florida costs approximately $2,808 per month with 20% down at 6.66%. That is $1,830 principal and interest, $261 property tax, $215 homeowners insurance, $204 utilities and $297 set aside for maintenance.
What is the property tax rate in Valrico?
Valrico has an effective property tax rate of 0.881%, based on a median home value of $356,200 and median real estate taxes of $3,137. That is higher than the Hillsborough County average of 0.836%.
What is the average home price in Valrico?
The median owner-occupied home value in Valrico, Florida is $356,200, against $333,300 across Hillsborough County.
Is it cheaper to rent or buy in Valrico?
Median gross rent in Valrico is $1,698 a month, against $2,808 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 Valrico — 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.