How Much House Can You Afford in Florida?

Florida property tax rate: 0.86%. Calculate your maximum affordable home price with Florida-specific rates.

You can afford a home up to

$279,403

That's a Studio apartment in Miami

Based on your $75,000 income with 20% down

1-bedroom condo
$279K$71K more →

Your $279,403 budget buys

MiamiStudio apartmentTampa2-bedroom condo/townhomeNashville1-bedroom condoRaleigh2-bedroom apartment/condoCharlotte3-bedroom homeNew York CityStudio in Upper Manhattan/BronxDenver1-bedroom condoSalt Lake City2-bedroom condo/townhomePortland1-bedroom condoAustin1-bedroom condoPhoenix2-bedroom condo/townhomeMinneapolis2-bedroom condo/townhomeChicago2-bedroom condoSan FranciscoNothing yetLos AngelesNothing yetSeattleNothing yet
/MiamiTampa
28%Recommended
$
%
%

Monthly payment breakdown

$1,750/mo

P&I$1,450
Tax$200
Insurance$100
Calculate your mortgage payment on $279,403Should you rent or buy at this price?

Home price

$279,403

Down payment

$55,881

Loan amount

$223,522

No PMI

Waived (20%+ down)

This is an estimate using Florida's average property tax rate of 0.86%. Actual rates vary by county. Consult a local lender for a pre-approval.

How it works

This calculator uses the 28/36 rule — a widely used guideline for mortgage affordability. Your total housing costs (mortgage, taxes, insurance, PMI, HOA) should not exceed your chosen DTI ratio of gross monthly income.

The calculator works backwards from your income to find the maximum home price that keeps monthly costs within your DTI limit. It uses the standard amortization formula and Florida's average property tax rate of 0.86%.

Florida housing quick facts

Average property tax rate 0.86%
Monthly property tax on $400K home $287
Affordable home at $100K income (28% DTI) $378,182
Monthly payment at $100K income $2,333/mo

Cities in Florida

City-specific affordability data with median home prices and local tax rates.

City Median price Property tax Insurance/yr
Miami $590K 0.93% $4,200
Tampa $380K 0.89% $3,800

FAQ

How much house can I afford in Florida?

On a $100,000 income with 20% down at 6.75% interest and Florida's 0.86% property tax rate, you can afford approximately $378,182 using the recommended 28% DTI ratio. Your monthly payment would be about $2,333.

What is the property tax rate in Florida?

The average effective property tax rate in Florida is 0.86%. On a $400,000 home, that's approximately $287/month in property taxes. Actual rates vary by county and municipality.

Is Florida expensive for homebuyers?

Florida has moderate property taxes at 0.86%, near the national average. On a $100,000 income, you can afford about $378,182.

What is the 28/36 rule?

The 28/36 rule says your total housing costs should not exceed 28% of gross monthly income (front-end DTI), and total debt payments should not exceed 36% (back-end DTI). This calculator lets you adjust the DTI ratio from 20% to 40% to find your comfort level.

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