Cost of Owning a Home in Florida: Insurance, HOA, and Taxes Explained

Posted by Florida Realty Marketplace on May 30th, 2025

Cost of Owning a Home in Florida: Insurance, HOA, and Taxes Explained

Owning a home in Florida offers a lifestyle filled with sunshine and coastal charm. However, it's important to recognize that the cost of owning a home in Florida extends beyond the mortgage payment. Homeowners insurance, HOA fees, and property taxes all factor into the total expense. Knowing these costs helps you budget effectively and decide if Florida homeownership fits your financial goals and lifestyle.

All Costs to Consider When Owning a Home in Florida

When considering owning a home in Florida, it's fundamental to account for all associated costs. Expenses such as homeowners' insurance, HOA fees, and property taxes can significantly impact your budget. Being aware of…

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First-time Buyers Account for 60 Percent of Home Purchases

Posted by Florida Realty Marketplace on May 31st, 2017

The share of first-time homebuyers continues to rise, now accounting for almost half of all GSE purchase loans and more than 80 percent of FHA loans, according to the May 2017 Chartbook, released by the Urban Institute’s Housing Finance Policy Center on Wednesday.

According to the Chartbook, 47.1 percent of all GSE purchases loans were first-time homebuyers in February 2017, while a whopping 82 percent of FHA loans came from first-timers. When combined, about 60 percent of all purchase loans for the month of February were from first-time buyers—just below the 2009 peak of 63 percent.

For the first time in 10 years, the creation of new-owner households outpaced new-renter households. The Chartbook attributed the rise to an “improving economy, falling…

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