The typical owner-occupied home in Grand Ridge is worth about $106,500, 70% below the Florida median of $359,000 and 68% below the national median of $332,700. Owners pay a median $387 a year in property taxes, about 0.36% of their home's value, lower than the Florida rate of 0.76%. The median household earns $68,750 a year, so the median home costs 1.5 times the median income (4.8 times for Florida). 78% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Grand Ridge at a glance
| Grand Ridge | Florida | U.S. | |
|---|---|---|---|
| Median home value | $106,500 | $359,000 | $332,700 |
| Median property tax paid per year | $387 | $2,730 | $3,119 |
| Property tax as a share of value | 0.36% | 0.76% | 0.94% |
| Median household income | $68,750 | $74,568 | $80,734 |
| Homes lived in by their owners | 78% | 68% | 65% |
| Owner homes with a mortgage | 63% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,112 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 25.3% | 23.6% | 21.0% |
| Median rent | $902 | $1,669 | $1,413 |
| Rent as a share of renters' income | 29.0% | 35.2% | 30.6% |
| Median year homes were built | 1990 | 1988 | 1980 |
| Vacant homes | 16.9% | 14.7% | 10.1% |
| Population | 997 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Grand Ridge
At this week's average 30-year rate of 7.11%, buying the median Grand Ridge home of $106,500 with 20% down costs about $649 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $827, 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 $27,835 for the 20%-down payment. That payment is 11% of the median Grand Ridge household income of $68,750; at that income and 20% down, the 28% guideline points to a home of about $263,000.
The median rent here is $902 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,300 |
|---|---|
| Loan amount | $85,200 |
| Principal and interest | $573 |
| Property taxes (0.36% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $649 |
Change the numbers in the calculator
| Down payment | $3,728 |
|---|---|
| Loan amount | $104,571 |
| Principal and interest | $703 |
| Property taxes (0.36% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $827 |
Change the numbers in the calculator
Questions about home buying in Grand Ridge
What is the median home value in Grand Ridge?
About $106,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grand Ridge?
Homeowners pay a median $387 a year, which is about 0.36% 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 Grand Ridge?
For the median home with 20% down at 7.11%, the payment is about $649 a month. Keeping that under 28% of gross income takes about $27,835 a year.
More about Grand Ridge
- Mortgage Refinance in Grand Ridge
- Debt Relief in Grand Ridge
- Home Equity Loans in Grand Ridge
- 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