Tampa, FL variant. This is a Tampa, FL-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Tampa's $405,000 median home and 0.97% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Tampa
On the $405,000 median home with 20% down ($81,000), you'd finance $324,000. At 6.5% over 30 years, P&I ≈ $2,048/month.
Add Tampa's 0.97% property tax (≈ $327/month) plus insurance for the all-in payment.
About Tampa, FL
Tampa is in Florida, which has no state personal income tax.
Tampa's home prices sit above the national average after strong regional growth.
Tampa's economy includes finance, healthcare, tourism, and its port, with a cost of living above the national average.
Worked example: $405,000 Tampa home
Loan $324,000 at 6.5% for 30 years → $2,048/mo P&I. Property tax ≈ $327/mo. Total before insurance ≈ $2,375/mo.
Quick reference
- Median home value: $405,000
- Median rent: $2,050/mo
- Median household income: $64,048
- Local sales tax: 7.5%
- Effective property tax rate: 0.97%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Tampa?
About $2,048/month P&I on the $405,000 median home with 20% down at 6.5%.
What is the property tax rate in Tampa?
About 0.97% of home value per year.