The typical owner-occupied home in Quincy is worth about $125,500, 65% below the Florida median of $359,000 and 62% below the national median of $332,700. Owners pay a median $696 a year in property taxes, about 0.55% of their home's value, lower than the Florida rate of 0.76%. The median household earns $32,125 a year, so the median home costs 3.9 times the median income (4.8 times for Florida). 58% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Quincy at a glance
| Quincy | Florida | U.S. | |
|---|---|---|---|
| Median home value | $125,500 | $359,000 | $332,700 |
| Median property tax paid per year | $696 | $2,730 | $3,119 |
| Property tax as a share of value | 0.55% | 0.76% | 0.94% |
| Median household income | $32,125 | $74,568 | $80,734 |
| Homes lived in by their owners | 58% | 68% | 65% |
| Owner homes with a mortgage | 39% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,324 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 17.6% | 23.6% | 21.0% |
| Median rent | $1,047 | $1,669 | $1,413 |
| Rent as a share of renters' income | 51.0% | 35.2% | 30.6% |
| Median year homes were built | 1963 | 1988 | 1980 |
| Vacant homes | 12.0% | 14.7% | 10.1% |
| Population | 7,942 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Quincy
At this week's average 30-year rate of 7.11%, buying the median Quincy home of $125,500 with 20% down costs about $785 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $994, 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 $33,652 for the 20%-down payment. That payment is 29% of the median Quincy household income of $32,125; at that income and 20% down, the 28% guideline points to a home of about $120,000.
The median rent here is $1,047 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $25,100 |
|---|---|
| Loan amount | $100,400 |
| Principal and interest | $675 |
| Property taxes (0.55% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $785 |
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| Down payment | $4,392 |
|---|---|
| Loan amount | $123,227 |
| Principal and interest | $829 |
| Property taxes (0.55% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $56 |
| Total per month | $994 |
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Questions about home buying in Quincy
What is the median home value in Quincy?
About $125,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Quincy?
Homeowners pay a median $696 a year, which is about 0.55% 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 Quincy?
For the median home with 20% down at 7.11%, the payment is about $785 a month. Keeping that under 28% of gross income takes about $33,652 a year.
More about Quincy
- Mortgage Refinance in Quincy
- Debt Relief in Quincy
- Home Equity Loans in Quincy
- 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