The typical owner-occupied home in Cottondale is worth about $79,200, 78% below the Florida median of $359,000 and 76% below the national median of $332,700. Owners pay a median $496 a year in property taxes, about 0.63% of their home's value, lower than the Florida rate of 0.76%. The median household earns $36,959 a year, so the median home costs 2.1 times the median income (4.8 times for Florida). 67% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Cottondale at a glance
| Cottondale | Florida | U.S. | |
|---|---|---|---|
| Median home value | $79,200 | $359,000 | $332,700 |
| Median property tax paid per year | $496 | $2,730 | $3,119 |
| Property tax as a share of value | 0.63% | 0.76% | 0.94% |
| Median household income | $36,959 | $74,568 | $80,734 |
| Homes lived in by their owners | 67% | 68% | 65% |
| Owner homes with a mortgage | 25% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $955 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 15.8% | 23.6% | 21.0% |
| Median rent | $1,085 | $1,669 | $1,413 |
| Rent as a share of renters' income | 37.9% | 35.2% | 30.6% |
| Median year homes were built | 1977 | 1988 | 1980 |
| Vacant homes | 16.2% | 14.7% | 10.1% |
| Population | 822 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Cottondale
At this week's average 30-year rate of 7.11%, buying the median Cottondale home of $79,200 with 20% down costs about $501 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $633, 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 $21,463 for the 20%-down payment. That payment is 16% of the median Cottondale household income of $36,959; at that income and 20% down, the 28% guideline points to a home of about $136,000.
The median rent here is $1,085 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,840 |
|---|---|
| Loan amount | $63,360 |
| Principal and interest | $426 |
| Property taxes (0.63% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $501 |
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| Down payment | $2,772 |
|---|---|
| Loan amount | $77,765 |
| Principal and interest | $523 |
| Property taxes (0.63% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $633 |
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Questions about home buying in Cottondale
What is the median home value in Cottondale?
About $79,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cottondale?
Homeowners pay a median $496 a year, which is about 0.63% 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 Cottondale?
For the median home with 20% down at 7.11%, the payment is about $501 a month. Keeping that under 28% of gross income takes about $21,463 a year.
More about Cottondale
- Mortgage Refinance in Cottondale
- Debt Relief in Cottondale
- Home Equity Loans in Cottondale
- 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