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What can you afford in Florida?
A baseline estimate for a household earning $96,000 a year gross, with typical debts and expenses, a $40,000 down payment, and a 740-759 credit score — using Florida's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
Florida's effective property tax rate is around 0.86% of home value per year — the 26th highest in the country. Average homeowner's insurance runs near $8,200/year on a $300,000 home — the 1st highest and a state where premiums have been rising quickly due to weather- and insurer-availability pressure.
Comfortable
$257,077
Stretch
$296,065
Risky ceiling
$320,450
This baseline's own budget can sustain at least as much as a lender's debt-to-income ceiling allows in Florida — the DTI ratio, not the household budget, is what limits the number here.
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