The typical owner-occupied home in Bay Pines is worth about $287,000, 20% below the Florida median of $359,000 and 14% below the national median of $332,700. Owners pay a median $1,794 a year in property taxes, about 0.63% of their home's value, lower than the Florida rate of 0.76%. The median household earns $68,214 a year, so the median home costs 4.2 times the median income (4.8 times for Florida). 87% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Bay Pines at a glance
| Bay Pines | Florida | U.S. | |
|---|---|---|---|
| Median home value | $287,000 | $359,000 | $332,700 |
| Median property tax paid per year | $1,794 | $2,730 | $3,119 |
| Property tax as a share of value | 0.63% | 0.76% | 0.94% |
| Median household income | $68,214 | $74,568 | $80,734 |
| Homes lived in by their owners | 87% | 68% | 65% |
| Owner homes with a mortgage | 59% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,586 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 23.6% | 21.0% |
| Median rent | $1,185 | $1,669 | $1,413 |
| Rent as a share of renters' income | 51.0% | 35.2% | 30.6% |
| Median year homes were built | 1970 | 1988 | 1980 |
| Vacant homes | 21.4% | 14.7% | 10.1% |
| Population | 2,519 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Bay Pines
At this week's average 30-year rate of 7.11%, buying the median Bay Pines home of $287,000 with 20% down costs about $1,815 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,293, 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 $77,777 for the 20%-down payment. That payment is 32% of the median Bay Pines household income of $68,214; at that income and 20% down, the 28% guideline points to a home of about $252,000.
The median rent here is $1,185 a month, so owning the median home costs about $630 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,400 |
|---|---|
| Loan amount | $229,600 |
| Principal and interest | $1,545 |
| Property taxes (0.63% a year) | $151 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| PMI | $0 |
| Total per month | $1,815 |
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| Down payment | $10,045 |
|---|---|
| Loan amount | $281,802 |
| Principal and interest | $1,896 |
| Property taxes (0.63% a year) | $151 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| FHA mortgage insurance | $127 |
| Total per month | $2,293 |
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Questions about home buying in Bay Pines
What is the median home value in Bay Pines?
About $287,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bay Pines?
Homeowners pay a median $1,794 a year, which is about 0.63% 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 Bay Pines?
For the median home with 20% down at 7.11%, the payment is about $1,815 a month. Keeping that under 28% of gross income takes about $77,777 a year.
More about Bay Pines
- Mortgage Refinance in Bay Pines
- Debt Relief in Bay Pines
- Home Equity Loans in Bay Pines
- 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