Total monthly cost of ownership
Cost to Own a Home in Venice, Florida
A $381,000 home here costs
$3,168per 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 $136,000 a year.
A standard mortgage calculator would have told you $2,110. The real number is $1,058 higher every month, 50% more than the payment most buyers budget for.
Compare Sarasota 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.
Venice against Sarasota County and Florida
| Measure | Venice | Sarasota County |
|---|---|---|
| Median home value | $381,400 | $373,100 |
| Median property tax | $3,313 | $2,826 |
| Effective tax rate | 0.869% | 0.757% |
| Median gross rent | $1,591 | $1,715 |
| Population | 26,467 | 449,011 |
The weather behind that power bill
Venice sits in Sarasota County, which averages a high of 92.5°F in its hottest month and a low of 50.0°F in its coldest, with 61.07" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 3,581 cooling and 417 heating degree days, which is what sets the $166 electricity line above.
See the full climate breakdown for Sarasota County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sarasota County
Full Sarasota County cost breakdown · Every county in Florida
Talk to someone who works this market
These are Venice 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 Venice every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Venice I already own here and may sell
Common questions
How much does it cost to own a home in Venice?
A $381,000 home in Venice, Florida costs approximately $3,168 per month with 20% down at 7.4%. That is $2,110 principal and interest, $276 property tax, $230 homeowners insurance, $234 utilities and $318 set aside for maintenance.
What is the property tax rate in Venice?
Venice has an effective property tax rate of 0.869%, based on a median home value of $381,400 and median real estate taxes of $3,313. That is higher than the Sarasota County average of 0.757%.
What is the average home price in Venice?
The median owner-occupied home value in Venice, Florida is $381,400, against $373,100 across Sarasota County.
Is it cheaper to rent or buy in Venice?
Median gross rent in Venice is $1,591 a month, against $3,168 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 Venice?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Venice, Florida at today's rate takes a household income of roughly $136,000 a year. That covers the full $3,168 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Venice, 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.