The typical owner-occupied home in Waldo is worth about $113,600, 68% below the Florida median of $359,000 and 66% below the national median of $332,700. Owners pay a median $740 a year in property taxes, about 0.65% of their home's value, lower than the Florida rate of 0.76%. The median household earns $29,894 a year, so the median home costs 3.8 times the median income (4.8 times for Florida). 68% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Waldo at a glance
| Waldo | Florida | U.S. | |
|---|---|---|---|
| Median home value | $113,600 | $359,000 | $332,700 |
| Median property tax paid per year | $740 | $2,730 | $3,119 |
| Property tax as a share of value | 0.65% | 0.76% | 0.94% |
| Median household income | $29,894 | $74,568 | $80,734 |
| Homes lived in by their owners | 68% | 68% | 65% |
| Owner homes with a mortgage | 27% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,122 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 29.6% | 23.6% | 21.0% |
| Median rent | $745 | $1,669 | $1,413 |
| Rent as a share of renters' income | 31.8% | 35.2% | 30.6% |
| Median year homes were built | 1968 | 1988 | 1980 |
| Vacant homes | 7.7% | 14.7% | 10.1% |
| Population | 1,303 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Waldo
At this week's average 30-year rate of 7.11%, buying the median Waldo home of $113,600 with 20% down costs about $720 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $909, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,867 for the 20%-down payment. That payment is 29% of the median Waldo household income of $29,894; at that income and 20% down, the 28% guideline points to a home of about $110,000.
The median rent here is $745 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,720 |
|---|---|
| Loan amount | $90,880 |
| Principal and interest | $611 |
| Property taxes (0.65% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $720 |
Change the numbers in the calculator
| Down payment | $3,976 |
|---|---|
| Loan amount | $111,542 |
| Principal and interest | $750 |
| Property taxes (0.65% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $909 |
Change the numbers in the calculator
Questions about home buying in Waldo
What is the median home value in Waldo?
About $113,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waldo?
Homeowners pay a median $740 a year, which is about 0.65% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Waldo?
For the median home with 20% down at 7.11%, the payment is about $720 a month. Keeping that under 28% of gross income takes about $30,867 a year.
More about Waldo
- Mortgage Refinance in Waldo
- Debt Relief in Waldo
- Home Equity Loans in Waldo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data