The typical owner-occupied home in Windermere is worth about $987,500, 2.8 times the Florida median of $359,000 and 3.0 times the national median of $332,700. Owners pay a median $8,619 a year in property taxes, about 0.87% of their home's value, higher than the Florida rate of 0.76%. The median household earns $177,778 a year, so the median home costs 5.6 times the median income (4.8 times for Florida). 96% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Windermere at a glance
| Windermere | Florida | U.S. | |
|---|---|---|---|
| Median home value | $987,500 | $359,000 | $332,700 |
| Median property tax paid per year | $8,619 | $2,730 | $3,119 |
| Property tax as a share of value | 0.87% | 0.76% | 0.94% |
| Median household income | $177,778 | $74,568 | $80,734 |
| Homes lived in by their owners | 96% | 68% | 65% |
| Owner homes with a mortgage | 54% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $3,909 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 23.6% | 21.0% |
| Median rent | $3,107 | $1,669 | $1,413 |
| Rent as a share of renters' income | 24.6% | 35.2% | 30.6% |
| Median year homes were built | 1989 | 1988 | 1980 |
| Vacant homes | 12.9% | 14.7% | 10.1% |
| Population | 3,086 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Windermere
At this week's average 30-year rate of 7.11%, buying the median Windermere home of $987,500 with 20% down costs about $6,442 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,246, 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 $276,076 for the 20%-down payment. That payment is 43% of the median Windermere household income of $177,778; at that income and 20% down, the 28% guideline points to a home of about $636,000.
The median rent here is $3,107 a month, so owning the median home costs about $3,335 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $197,500 |
|---|---|
| Loan amount | $790,000 |
| Principal and interest | $5,314 |
| Property taxes (0.87% a year) | $716 |
| Homeowners insurance (our estimate, 0.5% a year) | $411 |
| PMI | $0 |
| Total per month | $6,442 |
Change the numbers in the calculator
| Down payment | $34,562 |
|---|---|
| Loan amount | $969,614 |
| Principal and interest | $6,523 |
| Property taxes (0.87% a year) | $716 |
| Homeowners insurance (our estimate, 0.5% a year) | $411 |
| FHA mortgage insurance | $596 |
| Total per month | $8,246 |
Change the numbers in the calculator
Questions about home buying in Windermere
What is the median home value in Windermere?
About $987,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Windermere?
Homeowners pay a median $8,619 a year, which is about 0.87% 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 Windermere?
For the median home with 20% down at 7.11%, the payment is about $6,442 a month. Keeping that under 28% of gross income takes about $276,076 a year.
More about Windermere
- Mortgage Refinance in Windermere
- Debt Relief in Windermere
- Home Equity Loans in Windermere
- 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