The typical owner-occupied home in Valparaiso 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 $2,254 a year in property taxes, about 0.57% of their home's value, lower than the Florida rate of 0.76%. The median household earns $90,110 a year, so the median home costs 4.4 times the median income (4.8 times for Florida). 64% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Valparaiso at a glance
| Valparaiso | Florida | U.S. | |
|---|---|---|---|
| Median home value | $394,700 | $359,000 | $332,700 |
| Median property tax paid per year | $2,254 | $2,730 | $3,119 |
| Property tax as a share of value | 0.57% | 0.76% | 0.94% |
| Median household income | $90,110 | $74,568 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 64% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,346 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 23.6% | 21.0% |
| Median rent | $1,366 | $1,669 | $1,413 |
| Rent as a share of renters' income | 28.4% | 35.2% | 30.6% |
| Median year homes were built | 1975 | 1988 | 1980 |
| Vacant homes | 7.2% | 14.7% | 10.1% |
| Population | 4,885 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Valparaiso
At this week's average 30-year rate of 7.11%, buying the median Valparaiso home of $394,700 with 20% down costs about $2,476 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,134, 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 $106,118 for the 20%-down payment. That payment is 33% of the median Valparaiso household income of $90,110; at that income and 20% down, the 28% guideline points to a home of about $335,000.
The median rent here is $1,366 a month, so owning the median home costs about $1,110 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 (0.57% a year) | $187 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| PMI | $0 |
| Total per month | $2,476 |
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| Down payment | $13,814 |
|---|---|
| Loan amount | $387,551 |
| Principal and interest | $2,607 |
| Property taxes (0.57% a year) | $187 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| FHA mortgage insurance | $175 |
| Total per month | $3,134 |
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Questions about home buying in Valparaiso
What is the median home value in Valparaiso?
About $394,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Valparaiso?
Homeowners pay a median $2,254 a year, which is about 0.57% 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 Valparaiso?
For the median home with 20% down at 7.11%, the payment is about $2,476 a month. Keeping that under 28% of gross income takes about $106,118 a year.
More about Valparaiso
- Mortgage Refinance in Valparaiso
- Debt Relief in Valparaiso
- Home Equity Loans in Valparaiso
- 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