The typical owner-occupied home in Marco Island is worth about $896,300, 2.5 times the Florida median of $359,000 and 2.7 times the national median of $332,700. Owners pay a median $5,794 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 $101,523 a year, so the median home costs 8.8 times the median income (4.8 times for Florida). 89% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Marco Island at a glance
| Marco Island | Florida | U.S. | |
|---|---|---|---|
| Median home value | $896,300 | $359,000 | $332,700 |
| Median property tax paid per year | $5,794 | $2,730 | $3,119 |
| Property tax as a share of value | 0.65% | 0.76% | 0.94% |
| Median household income | $101,523 | $74,568 | $80,734 |
| Homes lived in by their owners | 89% | 68% | 65% |
| Owner homes with a mortgage | 31% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $3,605 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 31.8% | 23.6% | 21.0% |
| Median rent | $1,990 | $1,669 | $1,413 |
| Rent as a share of renters' income | 49.2% | 35.2% | 30.6% |
| Median year homes were built | 1987 | 1988 | 1980 |
| Vacant homes | 53.5% | 14.7% | 10.1% |
| Population | 16,205 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Marco Island
At this week's average 30-year rate of 7.11%, buying the median Marco Island home of $896,300 with 20% down costs about $5,683 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,320, 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 $243,537 for the 20%-down payment. That payment is 67% of the median Marco Island household income of $101,523; at that income and 20% down, the 28% guideline points to a home of about $374,000.
The median rent here is $1,990 a month, so owning the median home costs about $3,693 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $179,260 |
|---|---|
| Loan amount | $717,040 |
| Principal and interest | $4,824 |
| Property taxes (0.65% a year) | $486 |
| Homeowners insurance (our estimate, 0.5% a year) | $373 |
| PMI | $0 |
| Total per month | $5,683 |
Change the numbers in the calculator
| Down payment | $31,370 |
|---|---|
| Loan amount | $880,066 |
| Principal and interest | $5,920 |
| Property taxes (0.65% a year) | $486 |
| Homeowners insurance (our estimate, 0.5% a year) | $373 |
| FHA mortgage insurance | $541 |
| Total per month | $7,320 |
Change the numbers in the calculator
Questions about home buying in Marco Island
What is the median home value in Marco Island?
About $896,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marco Island?
Homeowners pay a median $5,794 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 Marco Island?
For the median home with 20% down at 7.11%, the payment is about $5,683 a month. Keeping that under 28% of gross income takes about $243,537 a year.
More about Marco Island
- Mortgage Refinance in Marco Island
- Debt Relief in Marco Island
- Home Equity Loans in Marco Island
- 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