The typical owner-occupied home in Hobe Sound is worth about $394,700, 10% above the Florida median of $359,000 and 19% above the national median of $332,700. Owners pay a median $2,723 a year in property taxes, about 0.69% of their home's value, lower than the Florida rate of 0.76%. The median household earns $63,484 a year, so the median home costs 6.2 times the median income (4.8 times for Florida). 78% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Hobe Sound at a glance
| Hobe Sound | Florida | U.S. | |
|---|---|---|---|
| Median home value | $394,700 | $359,000 | $332,700 |
| Median property tax paid per year | $2,723 | $2,730 | $3,119 |
| Property tax as a share of value | 0.69% | 0.76% | 0.94% |
| Median household income | $63,484 | $74,568 | $80,734 |
| Homes lived in by their owners | 78% | 68% | 65% |
| Owner homes with a mortgage | 46% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,926 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 29.2% | 23.6% | 21.0% |
| Median rent | $1,129 | $1,669 | $1,413 |
| Rent as a share of renters' income | 33.3% | 35.2% | 30.6% |
| Median year homes were built | 1983 | 1988 | 1980 |
| Vacant homes | 19.7% | 14.7% | 10.1% |
| Population | 13,817 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Hobe Sound
At this week's average 30-year rate of 7.11%, buying the median Hobe Sound home of $394,700 with 20% down costs about $2,516 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,173, 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 $107,809 for the 20%-down payment. That payment is 48% of the median Hobe Sound household income of $63,484; at that income and 20% down, the 28% guideline points to a home of about $232,000.
The median rent here is $1,129 a month, so owning the median home costs about $1,387 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $78,940 |
|---|---|
| Loan amount | $315,760 |
| Principal and interest | $2,124 |
| Property taxes (0.69% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| PMI | $0 |
| Total per month | $2,516 |
Change the numbers in the calculator
| Down payment | $13,814 |
|---|---|
| Loan amount | $387,551 |
| Principal and interest | $2,607 |
| Property taxes (0.69% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| FHA mortgage insurance | $175 |
| Total per month | $3,173 |
Change the numbers in the calculator
Questions about home buying in Hobe Sound
What is the median home value in Hobe Sound?
About $394,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hobe Sound?
Homeowners pay a median $2,723 a year, which is about 0.69% 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 Hobe Sound?
For the median home with 20% down at 7.11%, the payment is about $2,516 a month. Keeping that under 28% of gross income takes about $107,809 a year.
More about Hobe Sound
- Mortgage Refinance in Hobe Sound
- Debt Relief in Hobe Sound
- Home Equity Loans in Hobe Sound
- 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