The typical owner-occupied home in Zolfo Springs is worth about $115,100, 68% below the Florida median of $359,000 and 65% below the national median of $332,700. Owners pay a median $740 a year in property taxes, about 0.64% of their home's value, lower than the Florida rate of 0.76%. The median household earns $60,946 a year, so the median home costs 1.9 times the median income (4.8 times for Florida). 71% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Zolfo Springs at a glance
| Zolfo Springs | Florida | U.S. | |
|---|---|---|---|
| Median home value | $115,100 | $359,000 | $332,700 |
| Median property tax paid per year | $740 | $2,730 | $3,119 |
| Property tax as a share of value | 0.64% | 0.76% | 0.94% |
| Median household income | $60,946 | $74,568 | $80,734 |
| Homes lived in by their owners | 71% | 68% | 65% |
| Owner homes with a mortgage | 28% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,414 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 23.6% | 21.0% |
| Median rent | $967 | $1,669 | $1,413 |
| Rent as a share of renters' income | 26.9% | 35.2% | 30.6% |
| Median year homes were built | 1977 | 1988 | 1980 |
| Vacant homes | 7.1% | 14.7% | 10.1% |
| Population | 2,158 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Zolfo Springs
At this week's average 30-year rate of 7.11%, buying the median Zolfo Springs home of $115,100 with 20% down costs about $729 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $921, 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 $31,233 for the 20%-down payment. That payment is 14% of the median Zolfo Springs household income of $60,946; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $967 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,020 |
|---|---|
| Loan amount | $92,080 |
| Principal and interest | $619 |
| Property taxes (0.64% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $729 |
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| Down payment | $4,028 |
|---|---|
| Loan amount | $113,015 |
| Principal and interest | $760 |
| Property taxes (0.64% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $921 |
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Questions about home buying in Zolfo Springs
What is the median home value in Zolfo Springs?
About $115,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Zolfo Springs?
Homeowners pay a median $740 a year, which is about 0.64% 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 Zolfo Springs?
For the median home with 20% down at 7.11%, the payment is about $729 a month. Keeping that under 28% of gross income takes about $31,233 a year.
More about Zolfo Springs
- Mortgage Refinance in Zolfo Springs
- Debt Relief in Zolfo Springs
- Home Equity Loans in Zolfo Springs
- 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