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State: Florida

Florida Home Affordability Calculator 2026

How much house can you afford in Florida? With a 0.86% effective property tax (median home: $$3,354/yr), see max home prices using the 28% PITI rule and a 6.99% 30-year mortgage.

Max Home Price ($100K Income)

$361,736

20% down · 6.99% rate · 28% DTI

Monthly PITI

$2333

Prop Tax/mo

$259

Median Home

$390,000

Annual Tax

$3,354

Effective Rate

0.86%

Monthly Tax

$280/mo

Florida Max Home Price by Income (28% DTI Rule)

Income	Max Home Price	Monthly PITI	Down (20%)	Monthly PI	Prop Tax/mo
$60,000	$217,041	$1400	$43,408	$1154	$156
$80,000	$289,389	$1867	$57,878	$1539	$207
$100,000	$361,736	$2333	$72,347	$1923	$259
$120,000	$434,083	$2800	$86,817	$2308	$311
$150,000	$542,604	$3500	$108,521	$2885	$389
$200,000	$723,471	$4667	$144,694	$3847	$518

Assumes 20% down payment, 6.99% 30-year fixed mortgage rate, 0.5% homeowners insurance, 0.86% Florida property tax.

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Frequently Asked Questions — Florida

What is the property tax rate in Florida?: Florida has an effective property tax rate of 0.86%. On the median home value of $390,000, that works out to approximately $3,354 per year ($280/month) in property taxes.
How much house can I afford on $100K in Florida?: On a $100,000 annual income in Florida, the 28% front-end DTI rule allows a maximum monthly PITI of approximately $2333. With a 20% down payment, a 6.99% 30-year mortgage, and Florida's 0.86% property tax, you can afford approximately $361,736 — with monthly principal & interest of $1923 plus $259/month in property taxes.
How does Florida's property tax affect home affordability?: Florida's 0.86% effective property tax rate is near the national average. Property taxes add $9 per month per $100,000 of home value, which is factored into your total PITI payment when determining how much house you can afford.
What's included in a mortgage PITI payment?: PITI stands for Principal, Interest, Taxes, and Insurance. Principal and interest are your mortgage payments that pay down the loan. Taxes refers to annual property taxes (divided into monthly escrow). Insurance includes homeowners insurance (typically 0.5% of home value/year) and any required mortgage insurance (PMI) if your down payment is less than 20%. Lenders generally want PITI to be no more than 28% of your gross monthly income.

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Florida Home Affordability Calculator 2026

How much house can you afford in Florida? With a 0.86% effective property tax (median home: $$3,354/yr), see max home prices using the 28% PITI rule and a 6.99% 30-year mortgage.

Max Home Price ($100K Income)

$361,736

20% down · 6.99% rate · 28% DTI

Monthly PITI

$2333

Prop Tax/mo

$259

Median Home

$390,000

Annual Tax

$3,354

Effective Rate

0.86%

Monthly Tax

$280/mo

Florida Max Home Price by Income (28% DTI Rule)

Income	Max Home Price	Monthly PITI	Down (20%)	Monthly PI	Prop Tax/mo
$60,000	$217,041	$1400	$43,408	$1154	$156
$80,000	$289,389	$1867	$57,878	$1539	$207
$100,000	$361,736	$2333	$72,347	$1923	$259
$120,000	$434,083	$2800	$86,817	$2308	$311
$150,000	$542,604	$3500	$108,521	$2885	$389
$200,000	$723,471	$4667	$144,694	$3847	$518

Assumes 20% down payment, 6.99% 30-year fixed mortgage rate, 0.5% homeowners insurance, 0.86% Florida property tax.

Frequently Asked Questions — Florida

What is the property tax rate in Florida?

Florida has an effective property tax rate of 0.86%. On the median home value of $390,000, that works out to approximately $3,354 per year ($280/month) in property taxes.

How much house can I afford on $100K in Florida?

On a $100,000 annual income in Florida, the 28% front-end DTI rule allows a maximum monthly PITI of approximately $2333. With a 20% down payment, a 6.99% 30-year mortgage, and Florida's 0.86% property tax, you can afford approximately $361,736 — with monthly principal & interest of $1923 plus $259/month in property taxes.

How does Florida's property tax affect home affordability?

Florida's 0.86% effective property tax rate is near the national average. Property taxes add $9 per month per $100,000 of home value, which is factored into your total PITI payment when determining how much house you can afford.

What's included in a mortgage PITI payment?

PITI stands for Principal, Interest, Taxes, and Insurance. Principal and interest are your mortgage payments that pay down the loan. Taxes refers to annual property taxes (divided into monthly escrow). Insurance includes homeowners insurance (typically 0.5% of home value/year) and any required mortgage insurance (PMI) if your down payment is less than 20%. Lenders generally want PITI to be no more than 28% of your gross monthly income.