The typical owner-occupied home in Gotha is worth about $745,500, 2.1 times the Florida median of $359,000 and 2.2 times the national median of $332,700. Owners pay a median $5,763 a year in property taxes, about 0.77% of their home's value, close to the Florida rate of 0.76%. 87% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Gotha at a glance
| Gotha | Florida | U.S. | |
|---|---|---|---|
| Median home value | $745,500 | $359,000 | $332,700 |
| Median property tax paid per year | $5,763 | $2,730 | $3,119 |
| Property tax as a share of value | 0.77% | 0.76% | 0.94% |
| Median household income | – | $74,568 | $80,734 |
| Homes lived in by their owners | 87% | 68% | 65% |
| Owner homes with a mortgage | 63% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $3,276 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 23.6% | 21.0% |
| Median rent | – | $1,669 | $1,413 |
| Rent as a share of renters' income | 51.0% | 35.2% | 30.6% |
| Median year homes were built | 1990 | 1988 | 1980 |
| Vacant homes | 21.6% | 14.7% | 10.1% |
| Population | 1,124 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Gotha
At this week's average 30-year rate of 7.11%, buying the median Gotha home of $745,500 with 20% down costs about $4,801 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,043, 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 $205,758 for the 20%-down payment.
| Down payment | $149,100 |
|---|---|
| Loan amount | $596,400 |
| Principal and interest | $4,012 |
| Property taxes (0.77% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $311 |
| PMI | $0 |
| Total per month | $4,801 |
Change the numbers in the calculator
| Down payment | $26,092 |
|---|---|
| Loan amount | $731,997 |
| Principal and interest | $4,924 |
| Property taxes (0.77% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $311 |
| FHA mortgage insurance | $330 |
| Total per month | $6,043 |
Change the numbers in the calculator
Questions about home buying in Gotha
What is the median home value in Gotha?
About $745,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gotha?
Homeowners pay a median $5,763 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 Gotha?
For the median home with 20% down at 7.11%, the payment is about $4,801 a month. Keeping that under 28% of gross income takes about $205,758 a year.
More about Gotha
- Mortgage Refinance in Gotha
- Debt Relief in Gotha
- Home Equity Loans in Gotha
- 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