Florida Divorce Housing Calculator
Should you keep or sell the house in Florida? This calculator uses Florida-specific property taxes, insurance costs, and housing data to help you decide.
Housing costs in Florida
As of our last data update, the median home value in Florida is approximately $390,000. Property taxes run 0.86% of home value ($3,354/year on the median home). Homeowners insurance averages $10,240/year.
For the median-priced home in Florida, estimated costs could be approximately $1,458/month in property tax, insurance, and maintenance alone — before the mortgage payment.
Renting vs. buying in Florida
Florida's price-to-rent ratio suggests that annual rent runs roughly 5.8% of home value. For the median home, that's about $1,885/month in rent — which may be less than the total cost of ownership.
Selling costs in Florida
Closing costs in Florida average 1.8% of the sale price. On the median home, that's $7,020 in closing costs. Combined with agent commissions (typically 5-6%), selling can cost $28,470 or more.
Related resources
Keeping Your Home After Divorce in Florida
Florida's housing market sits near the national middle, with a statewide median home value around $390,000. For divorcing homeowners, this means the keep-vs-sell decision depends heavily on individual circumstances — your specific mortgage balance, income, and ongoing costs will matter more than broad market trends.
Florida uses equitable distribution for dividing marital property, meaning the court divides assets fairly based on the circumstances — which is not necessarily 50/50. Factors like each spouse's income, contributions to the marriage, and future earning capacity all affect how the home equity is split. Beyond the mortgage, homeownership in Florida carries ongoing costs: property taxes average 0.86% of home value, and homeowners insurance runs approximately $10,240 per year (well above the national average). Add maintenance — typically 1-2% of home value annually — and a $390,000 home in Florida costs roughly $1,458/month before the mortgage payment. Florida has no state income tax, which can give homeowners more take-home pay to put toward housing costs.
For Florida residents considering whether to keep the family home after divorce, the key question is whether total housing costs — mortgage, property taxes, insurance, and maintenance — stay within 28-36% of gross income. A mortgage payment that was comfortable on two incomes can quickly become a strain on one. The calculator above lets you enter your specific numbers to see the true monthly cost and compare keeping the home against selling and renting. Even if you can technically afford the payment, tying up most of your equity in the house may limit your ability to save, invest, or cover unexpected expenses — so it's worth modeling both scenarios before deciding.
Frequently asked questions
Can I afford to keep the house after divorce in Florida?
In Florida, the median home value is $390,000 with a 0.86% property tax rate. Use the calculator above to enter your specific home value, mortgage balance, and income to see whether keeping the house is affordable on one income.
What are the real costs of keeping a home in Florida?
Beyond the mortgage, homeownership in Florida includes property tax (0.86% average rate), homeowner's insurance ($10,240/year average), and maintenance (typically 1-2% of home value per year). Our calculator adds all of these up so you can see the true monthly cost.
Should I sell the house or keep it in my Florida divorce?
The answer depends on your income, mortgage balance, and whether the total housing cost (mortgage, taxes, insurance, maintenance) stays under 28-36% of your gross income. In Florida, comparable rent averages can help you compare the cost of keeping vs. renting. Try both scenarios in the calculator above.
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