Two numbers landed on the same Thursday. On November 12, 2026, the National Association of Realtors reported that existing-home sales fell to a seasonally adjusted pace of 3.75 million in October, the slowest since August 2010. The same day, Freddie Mac's weekly survey put the average 30-year fixed rate at 7.11%, down from 7.40% in mid-October and the lowest reading in seven weeks.
Headlines about rates and sales are national. A Florida buyer's question is narrower: what would a typical home in my county cost me each month, with property tax and insurance included, at today's rate? Lenders call that number PITI (principal, interest, taxes and insurance), and it is the number that decides whether a loan gets approved.
We worked it out for all 67 counties using the data behind our calculators: each county's typical home value, its typical millage rate, the average Citizens insurance premium and the county's median household income.
The short version: across Florida's 67 counties, the median typical home value is about $306,116, and the median monthly payment on a typical home is about $2,115 at 7.11% with 20% down, including about $357 in property tax and $139 in insurance (county medians). In the median county, that payment takes 38% of median household income. The payment tops 30% of median income in 64 of 67 counties and 40% in 25. The October-to-November rate dip saves about $48 a month on that typical home; Amendment 3 would save a homesteaded buyer about $78 a month starting with the 2027 bill.
How we built a typical Florida payment
Every number in the table uses the same recipe, so counties can be compared fairly:
- Price: the county's typical home value (Zillow Home Value Index, September 2026), the middle of the market rather than a listing price.
- Loan: 20% down, a 30-year fixed loan at 7.11%, Freddie Mac's average for the week ending November 12, 2026. With 20% down there is no private mortgage insurance.
- Property tax: the county's typical FY2025-26 millage applied to the full price, with the homestead exemption a buyer who lives in the home can claim: $25,000 against school taxes and $50,000 against everything else. That mirrors what a new owner pays after the assessment resets to the purchase price.
- Insurance: the average Citizens Property Insurance premium per policy in the county as of April 2026. Treat it as a floor. Many private-market quotes run higher, and flood insurance is extra.
- Income: the county's median household income from the Census Bureau's American Community Survey (2023 five-year estimates).
HOA dues, CDD assessments and flood coverage are left out because they vary by property, not by county. If a home you are looking at has them, add them; our CDD carrying cost calculator and flood insurance calculator handle both.
What the rate dip is worth in dollars
The 30-year average has moved a lot this fall. It was 6.86% on average in September, peaked at 7.40% on October 8 and 15, averaged 7.33% for October, and has fallen four straight weeks to 7.11%. A year ago it was 6.24%, and the 2026 low was 5.98% in late February.
On a $320,000 loan (a $400,000 home with 20% down), principal and interest come to:
- $1,914 a month at 5.98% (February 2026 low)
- $1,968 at 6.24% (a year ago)
- $2,099 at 6.86% (September average)
- $2,153 at 7.11% (November 12)
- $2,216 at 7.40% (October peak)
So the drop since mid-October is worth about $63 a month on that loan. It is real money, but it is small next to the $185 a month a buyer gives up compared with last November's rate. On the typical home in the median county, the dip from the peak is worth about $48 a month, and the gap to a year ago is about $141.
That is part of why sales are so slow. October closings mostly reflect contracts signed in August and September, before the recent dip, and buyers are still looking at payments that run well above what the same home cost to finance a year ago. For the week-by-week rate history, see our November 12 mortgage rate report.
Every Florida county at 7.11%
Sorted from the highest monthly payment to the lowest. "Share of income" is the yearly payment divided by the county's median household income. Lenders often look for housing costs at or below about 28% to 31% of gross income, so anything above 30% means the median household would likely need a larger down payment, a second income or a less expensive home.
| # | County | Typical value | Loan payment | Tax / mo | Insurance / mo | Total / mo | Share of income | 2027 total with Amendment 3 |
|---|---|---|---|---|---|---|---|---|
| 1 | Monroe | $962,885 | $5,182 | $678 | $365 | $6,225 | 85% | $6,183 |
| 2 | Walton | $660,738 | $3,556 | $505 | $162 | $4,223 | 62% | $4,176 |
| 3 | Miami-Dade | $523,240 | $2,816 | $708 | $158 | $3,681 | 62% | $3,590 |
| 4 | Collier | $552,087 | $2,971 | $472 | $179 | $3,622 | 48% | $3,569 |
| 5 | Palm Beach | $475,754 | $2,560 | $678 | $146 | $3,384 | 49% | $3,282 |
| 6 | St. Johns | $492,987 | $2,653 | $510 | $115 | $3,278 | 36% | $3,217 |
| 7 | Nassau | $484,963 | $2,610 | $494 | $97 | $3,201 | 43% | $3,143 |
| 8 | Martin | $448,233 | $2,412 | $527 | $215 | $3,154 | 46% | $3,079 |
| 9 | Franklin | $422,234 | $2,272 | $578 | $215 | $3,065 | 57% | $2,968 |
| 10 | Broward | $422,344 | $2,273 | $629 | $130 | $3,032 | 47% | $2,921 |
| 11 | Gulf | $403,845 | $2,173 | $573 | $179 | $2,925 | 57% | $2,821 |
| 12 | Manatee | $408,269 | $2,197 | $530 | $168 | $2,895 | 44% | $2,805 |
| 13 | St. Lucie | $370,781 | $1,995 | $624 | $194 | $2,814 | 47% | $2,678 |
| 14 | Orange | $400,964 | $2,158 | $501 | $117 | $2,776 | 42% | $2,691 |
| 15 | Seminole | $400,341 | $2,154 | $456 | $131 | $2,742 | 38% | $2,669 |
| 16 | Sarasota | $399,023 | $2,147 | $404 | $177 | $2,728 | 39% | $2,663 |
| 17 | Pinellas | $368,917 | $1,985 | $528 | $159 | $2,673 | 44% | $2,564 |
| 18 | Hillsborough | $375,501 | $2,021 | $440 | $151 | $2,612 | 39% | $2,535 |
| 19 | Sumter | $387,784 | $2,087 | $357 | $144 | $2,587 | 41% | $2,528 |
| 20 | Indian River | $363,705 | $1,957 | $417 | $179 | $2,553 | 42% | $2,479 |
| 21 | Lake | $360,055 | $1,938 | $444 | $146 | $2,528 | 41% | $2,443 |
| 22 | Osceola | $359,224 | $1,933 | $406 | $145 | $2,484 | 41% | $2,410 |
| 23 | Okaloosa | $352,929 | $1,899 | $337 | $220 | $2,456 | 36% | $2,394 |
| 24 | Brevard | $342,346 | $1,842 | $393 | $196 | $2,431 | 37% | $2,354 |
| 25 | Santa Rosa | $350,823 | $1,888 | $332 | $204 | $2,424 | 32% | $2,362 |
| 26 | Flagler | $350,266 | $1,885 | $379 | $136 | $2,400 | 37% | $2,329 |
| 27 | Lee | $334,485 | $1,800 | $390 | $183 | $2,373 | 37% | $2,284 |
| 28 | Volusia | $324,665 | $1,747 | $451 | $151 | $2,349 | 40% | $2,232 |
| 29 | Bay | $343,009 | $1,846 | $311 | $161 | $2,317 | 38% | $2,258 |
| 30 | Pasco | $328,125 | $1,766 | $387 | $138 | $2,292 | 39% | $2,209 |
| 31 | Clay | $335,274 | $1,804 | $371 | $99 | $2,274 | 31% | $2,201 |
| 32 | Hernando | $306,116 | $1,647 | $411 | $142 | $2,200 | 40% | $2,099 |
| 33 | Charlotte | $298,906 | $1,609 | $364 | $192 | $2,165 | 37% | $2,078 |
| 34 | Gilchrist | $306,253 | $1,648 | $366 | $101 | $2,115 | 40% | $2,031 |
| 35 | Baker | $314,146 | $1,691 | $353 | $70 | $2,113 | 32% | $2,039 |
| 36 | Okeechobee | $289,216 | $1,556 | $319 | $234 | $2,109 | 44% | $2,035 |
| 37 | Polk | $295,509 | $1,590 | $342 | $161 | $2,093 | 38% | $2,003 |
| 38 | Duval | $294,079 | $1,583 | $377 | $110 | $2,069 | 35% | $1,973 |
| 39 | Escambia | $280,027 | $1,507 | $350 | $197 | $2,054 | 37% | $1,962 |
| 40 | Alachua | $298,912 | $1,609 | $358 | $85 | $2,052 | 40% | $1,974 |
| 41 | Jefferson | $305,552 | $1,644 | $302 | $96 | $2,043 | 40% | $1,977 |
| 42 | Levy | $287,334 | $1,546 | $367 | $115 | $2,029 | 43% | $1,934 |
| 43 | Leon | $291,390 | $1,568 | $319 | $82 | $1,970 | 36% | $1,896 |
| 44 | Hendry | $270,219 | $1,454 | $303 | $202 | $1,959 | 42% | $1,882 |
| 45 | Wakulla | $285,880 | $1,539 | $292 | $121 | $1,952 | 29% | $1,883 |
| 46 | Glades | $257,042 | $1,383 | $304 | $234 | $1,922 | 50% | $1,836 |
| 47 | Suwannee | $266,652 | $1,435 | $311 | $105 | $1,851 | 39% | $1,768 |
| 48 | DeSoto | $250,420 | $1,348 | $333 | $168 | $1,849 | 41% | $1,744 |
| 49 | Citrus | $268,688 | $1,446 | $286 | $118 | $1,849 | 39% | $1,777 |
| 50 | Columbia | $267,659 | $1,440 | $292 | $84 | $1,817 | 37% | $1,743 |
| 51 | Union | $256,560 | $1,381 | $310 | $116 | $1,807 | 34% | $1,717 |
| 52 | Marion | $267,911 | $1,442 | $233 | $105 | $1,780 | 35% | $1,734 |
| 53 | Lafayette | $262,301 | $1,412 | $278 | $81 | $1,770 | 34% | $1,698 |
| 54 | Bradford | $252,646 | $1,360 | $306 | $86 | $1,752 | 33% | $1,662 |
| 55 | Hardee | $235,001 | $1,265 | $275 | $155 | $1,695 | 34% | $1,608 |
| 56 | Highlands | $231,284 | $1,245 | $266 | $146 | $1,657 | 36% | $1,572 |
| 57 | Washington | $220,578 | $1,187 | $232 | $133 | $1,552 | 32% | $1,478 |
| 58 | Dixie | $217,764 | $1,172 | $261 | $113 | $1,546 | 37% | $1,453 |
| 59 | Putnam | $216,313 | $1,164 | $248 | $112 | $1,525 | 38% | $1,441 |
| 60 | Hamilton | $207,098 | $1,115 | $202 | $117 | $1,434 | 34% | $1,364 |
| 61 | Madison | $206,128 | $1,109 | $217 | $86 | $1,412 | 35% | $1,336 |
| 62 | Taylor | $196,856 | $1,059 | $207 | $137 | $1,404 | 34% | $1,326 |
| 63 | Liberty | $201,245 | $1,083 | $227 | $77 | $1,387 | 28% | $1,300 |
| 64 | Gadsden | $199,661 | $1,075 | $161 | $103 | $1,339 | 33% | $1,280 |
| 65 | Holmes | $181,325 | $976 | $217 | $123 | $1,316 | 32% | $1,215 |
| 66 | Jackson | $179,815 | $968 | $170 | $124 | $1,262 | 31% | $1,192 |
| 67 | Calhoun | $166,734 | $897 | $169 | $139 | $1,205 | 29% | $1,126 |
Approximate. Typical values are Zillow Home Value Index estimates for September 2026, not appraisals of any home. Taxes use county-typical FY2025-26 millage; city and special-district rates vary within a county. Insurance is the average Citizens premium per policy (April 2026) and understates many private quotes. Deemed reliable but not guaranteed.
What stands out
Principal and interest are most of the bill. In the median county, about 77% of the monthly payment is the loan itself. Taxes and insurance matter, but the rate and the price do most of the work, which is why a quarter-point move in rates shows up in buyer traffic so quickly.
The coast and the resort counties are in a different bracket. Monroe ($6,225 a month), Walton ($4,223), Miami-Dade ($3,681), Collier ($3,622) and Palm Beach ($3,384) top the list. Measured against local income, Monroe, Walton, Miami-Dade, Franklin, Gulf and Glades are the most stretched: the typical payment would take more than half of the county's median household income. Many buyers in those markets bring larger down payments or income from elsewhere, which this simple test does not capture.
Only three counties clear the 30% line. Liberty, Wakulla and Calhoun come in under 30% of median income. Jackson, Clay, Santa Rosa and Baker sit just above it, under 32%. Every other county is at 32% or higher.
Property tax is the second-largest line. The median county's typical home carries about $357 a month in property tax for a homesteaded buyer, more than double the Citizens insurance average in 48 of 67 counties. A buyer who does not homestead the home, such as an investor or a second-home owner, pays tax on the full value with no exemption, so that line runs higher.
Northeast Florida, line by line
| County | Typical value | Loan payment | Tax / mo | Insurance / mo | Total / mo | Share of income | 2027 total with Amendment 3 |
|---|---|---|---|---|---|---|---|
| St. Johns | $492,987 | $2,653 | $510 | $115 | $3,278 | 36% | $3,217 |
| Nassau | $484,963 | $2,610 | $494 | $97 | $3,201 | 43% | $3,143 |
| Flagler | $350,266 | $1,885 | $379 | $136 | $2,400 | 37% | $2,329 |
| Clay | $335,274 | $1,804 | $371 | $99 | $2,274 | 31% | $2,201 |
| Baker | $314,146 | $1,691 | $353 | $70 | $2,113 | 32% | $2,039 |
| Duval | $294,079 | $1,583 | $377 | $110 | $2,069 | 35% | $1,973 |
| Putnam | $216,313 | $1,164 | $248 | $112 | $1,525 | 38% | $1,441 |
Duval's typical home costs about $2,069 a month at 7.11%, about 35% of the county's median household income. St. Johns and Nassau carry higher prices and higher payments, but St. Johns also has the highest median income in the region, so its share of income (36%) lands close to Duval's. Clay and Baker come in the lowest relative to income in the area. Putnam has the lowest payment in the region, but also the lowest median income.
For a closer look at Jacksonville prices and inventory this fall, see our Jacksonville housing market update.
Amendment 3 changes the tax line in 2027
Voters approved Amendment 3 on November 3, 2026. It raises the homestead exemption on non-school property taxes from $50,000 to $150,000 for the 2027 tax roll and $250,000 for 2028. School taxes are not affected. Lawmakers still have to set some details in a special session, which the governor has said he will call before his term ends in early January.
For a buyer who homesteads, the 2027 change is worth more each month than the recent rate dip. Holding millage at this year's rates, it trims the typical payment by about $78 a month in the median county, and by $100 or more in 9 counties. In Duval, the typical payment would fall from about $2,069 to about $1,973. Local governments may respond with new fees or millage changes, which our county-by-county look at fees and assessments explains.
The catch is timing. To claim a homestead exemption for 2027, you must own the home and make it your permanent residence by January 1, 2027, then file by March 1, 2027. Our homestead deadline checker shows how many days are left, and the Amendment 3 property tax calculator runs the 2027 and 2028 bills for any county and value.
What this means if you are buying or selling
If you are buying: start from the full monthly payment, not the price. Two homes at the same price can differ by a few hundred dollars a month once tax and insurance are in. Run any listing through our true cost of ownership calculator, and check how much house you can afford in your county. Ask about rate buydowns and seller credits; with sales this slow, many sellers are open to them, and the buydown calculator shows what a credit is worth against a lower price.
If you already own: your 2026 tax bill is out, and paying it in November takes 4% off. Our new property tax discount calculator shows what each month saves after card fees.
If you are selling: buyers are shopping by payment. Pricing that lands the payment under a round number, or a credit that buys the rate down, can matter more than a small price cut. Commissions are always negotiable, and a Momentum Realty agent can show you what recent sales near you closed for.
How we built these numbers
Typical home values are the Zillow Home Value Index for each county, September 2026, as stored in Momentum Realty's county data. Median household income is the Census Bureau's American Community Survey 2023 five-year estimate. Insurance is the average premium per policy from Citizens Property Insurance Corporation's county detail, April 2026. Millage is Momentum Realty's county-typical FY2025-26 school and non-school rates (as of June 5, 2026), verified against county property appraisers for the largest counties and estimated elsewhere.
Principal and interest use a standard 30-year amortization on 80% of the typical value. Property tax applies school millage to the value less $25,000 and non-school millage to the value less $50,000; the 2027 column uses $150,000 for non-school. Payments are rounded to the nearest dollar. These are county-level illustrations, not a quote, appraisal or estimate of any specific home's value. Data compiled November 13, 2026.
Frequently asked questions
How much is the monthly payment on a typical home in Florida?
Across Florida's 67 counties, the median typical home is worth about $306,116, and the median monthly payment on a typical home is about $2,115 at a 7.11% rate with 20% down, including about $357 in property tax and $139 in insurance (county medians). The total ranges from about $1,205 in Calhoun County to about $6,225 in Monroe County.
What is the average mortgage rate in Florida right now?
Freddie Mac's national average for a 30-year fixed loan was 7.11% for the week ending November 12, 2026, down from 7.40% in mid-October. Freddie Mac does not publish a Florida-only rate; individual quotes depend on credit, down payment, loan type and points.
How much income do you need to buy a typical home in Florida?
Using a 30% housing-cost guideline, the median county figure for the income needed to carry a typical home is about $84,581 at 7.11% with 20% down, against a median county household income of about $67,500. In the median county the payment takes about 38% of household income.
How much did the drop in mortgage rates save Florida buyers?
The fall from 7.40% in mid-October to 7.11% on November 12 saves about $63 a month on a $320,000 loan and about $48 a month on the typical home in the median county. Compared with last year's 6.24%, the payment is still about $185 a month higher on that loan.
Will Amendment 3 lower my mortgage payment?
If you homestead the home and pay taxes through escrow, yes, once the 2027 tax bill is reflected in your escrow. Holding millage constant, the larger exemption trims the typical payment by about $78 a month in the median county. To qualify for 2027 you must own and live in the home by January 1, 2027 and file by March 1, 2027.
Why is the insurance in this table lower than my quote?
The table uses the average Citizens Property Insurance premium per policy in each county as of April 2026, which works as a floor. Private-market quotes for a specific home are often higher, and flood insurance is separate. Use an actual quote for the home you are buying.
Sources
- Freddie Mac, Primary Mortgage Market Survey, week ending November 12, 2026 (7.11% 30-year, 6.45% 15-year), and prior weekly readings, via our November 12 report.
- National Association of Realtors, existing-home sales for October 2026, released November 12, 2026, as reported by NPR (via WFSU), November 12, 2026.
- Zillow Home Value Index by county, September 2026.
- U.S. Census Bureau, American Community Survey 2023 five-year estimates, median household income by county.
- Citizens Property Insurance Corporation, policies and premium detail by county, April 2026.
- Momentum Realty county millage data, FY2025-26 (as of June 5, 2026).
- CBS Miami / News Service of Florida, "DeSantis says he will call special session before his term ends to carry out Amendment 3," November 4, 2026.