🏦 Mortgage Calculators Florida

How Much House Can I Afford in Florida?

Find out how much house you can afford in Florida with 0.89% property tax. Uses 28/36 rule with Florida-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Florida Quick Facts

None Income Tax Rate

0.89% Property Tax Rate

$67,917 Median Income

102.8 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Florida using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Florida's effective property tax rate of 0.89% and average home insurance of $4,200/year. Median home price in Florida: $400,000.

Key State Information

Florida housing market: Median home price $400,000 | Property tax rate 0.89% | Avg home insurance $4,200/yr | Median household income $67,917. Homes are expensive relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Florida?

With Florida's median household income of $67,917 and a 10% down payment, you can typically afford a home priced around $237,710-$305,627 depending on debts and interest rates. The median home in Florida costs $400,000.

What is the property tax rate in Florida?

Florida's effective property tax rate is 0.89%. On a $400,000 home, that's approximately $3,560/year or $297/month.