Estimate your monthly payment using Florida's average home price of $410,000 and property tax rate of 0.83%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Florida's housing market in 2026 has a median home price of approximately $410,000, placing it near the national median of around $420,000. Florida's population growth driven by no state income tax and warm weather continues to fuel strong housing demand statewide. Whether you're buying your first home in Miami or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Florida average 0.83% of assessed value annually — a below-average property tax rate. On a $410,000 home, that translates to roughly $284 per month added to your mortgage payment. Miami, Tampa, and Orlando all fall under Florida's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
Florida Assist provides up to $10,000 in zero-interest down payment assistance for first-time buyers. Beyond state programs, FHA loans remain popular in Florida requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Hurricane insurance and flood insurance premiums add significantly to the true monthly cost of homeownership in Florida. When shopping for a mortgage in Florida, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $410,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Florida home of $410,000 puts your estimated total monthly cost at approximately $2,593 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Florida is approximately $410,000 as of 2026. Prices vary significantly by city and county — Miami tends to be pricier while more rural areas offer lower prices.
Florida has a below-average property tax rate at 0.83% of assessed value. On a $410,000 home that adds about $284 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
Florida Assist provides up to $10,000 in zero-interest down payment assistance for first-time buyers. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.