Total monthly cost of ownership
Cost to Own a Home in Zolfo Springs, Florida
A $99,000 home here costs
$976per 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 $42,000 a year.
A standard mortgage calculator would have told you $540. The real number is $436 higher every month, 81% more than the payment most buyers budget for.
Compare Hardee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Zolfo Springs from a five-year rolling sample, and with about 1,825 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 Hardee 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.
Zolfo Springs against Hardee County and Florida
| Measure | Zolfo Springs | Hardee County |
|---|---|---|
| Median home value | $99,000 | $129,400 |
| Median property tax | $720 | $1,358 |
| Effective tax rate | 0.727% | 1.049% |
| Median gross rent | $958 | $954 |
| Population | 1,825 | 25,508 |
The weather behind that power bill
Zolfo Springs sits in Hardee County, which averages a high of 92.0°F in its hottest month and a low of 47.7°F in its coldest, with 52" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 3,300 cooling and 598 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Hardee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hardee County
Talk to someone who works this market
These are Zolfo Springs 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 Zolfo Springs every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Zolfo Springs?
A $99,000 home in Zolfo Springs, Florida costs approximately $976 per month with 20% down at 7.24%. That is $540 principal and interest, $60 property tax, $60 homeowners insurance, $233 utilities and $83 set aside for maintenance.
What is the property tax rate in Zolfo Springs?
Zolfo Springs has an effective property tax rate of 0.727%, based on a median home value of $99,000 and median real estate taxes of $720. That is lower than the Hardee County average of 1.049%.
What is the average home price in Zolfo Springs?
The median owner-occupied home value in Zolfo Springs, Florida is $99,000, against $129,400 across Hardee County.
Is it cheaper to rent or buy in Zolfo Springs?
Median gross rent in Zolfo Springs is $958 a month, against $976 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 Zolfo Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Zolfo Springs, Florida at today's rate takes a household income of roughly $42,000 a year. That covers the full $976 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Zolfo Springs, 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.