2026 data · 0.82% property tax · Median home $335,800
Florida Mortgage Calculator
A median-priced home in Florida ($335,800) costs roughly $2,408 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Florida's effective property tax rate is 0.82% — close to the US average of about 1.0%.
Florida median-home monthly payment
$2,408/mo
P&I $1,787 · Tax $229 · Insurance $392
@ $335,800 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Florida
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $137 | $233 | $1,434 |
| $300,000 | $60,000 | $1,597 | $205 | $350 | $2,152 |
| $335,800 (state median) | $67,160 | $1,787 | $229 | $392 | $2,408 |
| $400,000 | $80,000 | $2,129 | $273 | $467 | $2,869 |
| $500,000 | $100,000 | $2,661 | $342 | $583 | $3,586 |
| $750,000 | $150,000 | $3,992 | $513 | $875 | $5,379 |
Calculations use Florida's 0.82% effective property tax rate, estimated homeowners insurance at 1.40%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Florida property tax
Effective rate
0.82%
Median home value
$335,800
Median property tax
$2,756/yr
Florida's Save Our Homes amendment caps annual assessment increases at 3% for homesteaded properties. Homestead exemption up to $50,000. Hurricane-prone coastal areas may require separate windstorm insurance ($1,500-$4,000/year).
See our property tax calculator for a state-by-state property tax breakdown, and our Florida paycheck calculator to estimate take-home pay against this monthly housing cost.
Florida vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Florida (this page) | 0.82% | $335,800 | $2,756 | |
| Georgia | 0.83% | $273,400 | $2,250 | Georgia mortgage → |
| Alabama | 0.39% | $172,800 | $658 | Alabama mortgage → |
FAQs about Florida mortgages
What is the property tax rate in Florida?
Florida's effective property tax rate is 0.82%, meaning the average homeowner pays roughly 0.82% of their home's value in property tax annually. On a $335,800 home (the state median), that's about $2,756 per year, or $230 per month added to your mortgage payment.
What is the average monthly mortgage payment in Florida?
For a home at Florida's median value of $335,800, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Florida's 0.82% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,408. This includes $1,787 principal & interest, $229 property tax, and $392 homeowners insurance.
How much income do I need to buy a house in Florida?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $103,200 to comfortably afford Florida's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $67,200 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Florida a good state to buy a house?
Florida's combination of 0.82% property tax (near the national average of ~1.0%) and median home value of $335,800 place it in the mid-range of state housing markets nationally. Florida's Save Our Homes amendment caps annual assessment increases at 3% for homesteaded properties.
How does Florida property tax compare to neighboring states?
Florida's 0.82% rate compares to: Georgia at 0.83%, Alabama at 0.39%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Florida have a homestead exemption?
Florida's Save Our Homes amendment caps annual assessment increases at 3% for homesteaded properties. Homestead exemption up to $50,000. Hurricane-prone coastal areas may require separate windstorm insurance ($1,500-$4,000/year).
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Florida mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,787, Property Tax $229, Homeowners Insurance $392. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.