The typical owner-occupied home in Fernandina Beach is worth about $555,400, 55% above the Florida median of $359,000 and 67% above the national median of $332,700. Owners pay a median $4,293 a year in property taxes, about 0.77% of their home's value, close to the Florida rate of 0.76%. The median household earns $97,903 a year, so the median home costs 5.7 times the median income (4.8 times for Florida). 80% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Fernandina Beach at a glance
| Fernandina Beach | Florida | U.S. | |
|---|---|---|---|
| Median home value | $555,400 | $359,000 | $332,700 |
| Median property tax paid per year | $4,293 | $2,730 | $3,119 |
| Property tax as a share of value | 0.77% | 0.76% | 0.94% |
| Median household income | $97,903 | $74,568 | $80,734 |
| Homes lived in by their owners | 80% | 68% | 65% |
| Owner homes with a mortgage | 48% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,218 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 23.6% | 21.0% |
| Median rent | $1,259 | $1,669 | $1,413 |
| Rent as a share of renters' income | 34.1% | 35.2% | 30.6% |
| Median year homes were built | 1986 | 1988 | 1980 |
| Vacant homes | 20.9% | 14.7% | 10.1% |
| Population | 13,420 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Fernandina Beach
At this week's average 30-year rate of 7.11%, buying the median Fernandina Beach home of $555,400 with 20% down costs about $3,577 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,502, 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 $153,290 for the 20%-down payment. That payment is 44% of the median Fernandina Beach household income of $97,903; at that income and 20% down, the 28% guideline points to a home of about $355,000.
The median rent here is $1,259 a month, so owning the median home costs about $2,318 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $111,080 |
|---|---|
| Loan amount | $444,320 |
| Principal and interest | $2,989 |
| Property taxes (0.77% a year) | $356 |
| Homeowners insurance (our estimate, 0.5% a year) | $231 |
| PMI | $0 |
| Total per month | $3,577 |
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| Down payment | $19,439 |
|---|---|
| Loan amount | $545,340 |
| Principal and interest | $3,669 |
| Property taxes (0.77% a year) | $356 |
| Homeowners insurance (our estimate, 0.5% a year) | $231 |
| FHA mortgage insurance | $246 |
| Total per month | $4,502 |
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Questions about home buying in Fernandina Beach
What is the median home value in Fernandina Beach?
About $555,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fernandina Beach?
Homeowners pay a median $4,293 a year, which is about 0.77% 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 Fernandina Beach?
For the median home with 20% down at 7.11%, the payment is about $3,577 a month. Keeping that under 28% of gross income takes about $153,290 a year.
More about Fernandina Beach
- Mortgage Refinance in Fernandina Beach
- Debt Relief in Fernandina Beach
- Home Equity Loans in Fernandina Beach
- 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