The typical owner-occupied home in Elfers is worth about $202,300, 44% below the Florida median of $359,000 and 39% below the national median of $332,700. Owners pay a median $923 a year in property taxes, about 0.46% of their home's value, lower than the Florida rate of 0.76%. The median household earns $56,054 a year, so the median home costs 3.6 times the median income (4.8 times for Florida). 65% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Elfers at a glance
| Elfers | Florida | U.S. | |
|---|---|---|---|
| Median home value | $202,300 | $359,000 | $332,700 |
| Median property tax paid per year | $923 | $2,730 | $3,119 |
| Property tax as a share of value | 0.46% | 0.76% | 0.94% |
| Median household income | $56,054 | $74,568 | $80,734 |
| Homes lived in by their owners | 65% | 68% | 65% |
| Owner homes with a mortgage | 59% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,248 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 23.6% | 21.0% |
| Median rent | $1,437 | $1,669 | $1,413 |
| Rent as a share of renters' income | 29.7% | 35.2% | 30.6% |
| Median year homes were built | 1975 | 1988 | 1980 |
| Vacant homes | 17.3% | 14.7% | 10.1% |
| Population | 15,006 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Elfers
At this week's average 30-year rate of 7.11%, buying the median Elfers home of $202,300 with 20% down costs about $1,251 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,588, 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 $53,595 for the 20%-down payment. That payment is 27% of the median Elfers household income of $56,054; at that income and 20% down, the 28% guideline points to a home of about $212,000.
The median rent here is $1,437 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $40,460 |
|---|---|
| Loan amount | $161,840 |
| Principal and interest | $1,089 |
| Property taxes (0.46% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,251 |
Change the numbers in the calculator
| Down payment | $7,080 |
|---|---|
| Loan amount | $198,636 |
| Principal and interest | $1,336 |
| Property taxes (0.46% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $89 |
| Total per month | $1,588 |
Change the numbers in the calculator
Questions about home buying in Elfers
What is the median home value in Elfers?
About $202,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elfers?
Homeowners pay a median $923 a year, which is about 0.46% 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 Elfers?
For the median home with 20% down at 7.11%, the payment is about $1,251 a month. Keeping that under 28% of gross income takes about $53,595 a year.
More about Elfers
- Mortgage Refinance in Elfers
- Debt Relief in Elfers
- Home Equity Loans in Elfers
- 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