The typical owner-occupied home in Seminole is worth about $348,500, 3% below the Florida median of $359,000 and 5% above the national median of $332,700. Owners pay a median $2,076 a year in property taxes, about 0.60% of their home's value, lower than the Florida rate of 0.76%. The median household earns $75,774 a year, so the median home costs 4.6 times the median income (4.8 times for Florida). 73% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Seminole at a glance
| Seminole | Florida | U.S. | |
|---|---|---|---|
| Median home value | $348,500 | $359,000 | $332,700 |
| Median property tax paid per year | $2,076 | $2,730 | $3,119 |
| Property tax as a share of value | 0.60% | 0.76% | 0.94% |
| Median household income | $75,774 | $74,568 | $80,734 |
| Homes lived in by their owners | 73% | 68% | 65% |
| Owner homes with a mortgage | 47% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,969 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 23.6% | 21.0% |
| Median rent | $1,708 | $1,669 | $1,413 |
| Rent as a share of renters' income | 34.1% | 35.2% | 30.6% |
| Median year homes were built | 1979 | 1988 | 1980 |
| Vacant homes | 16.2% | 14.7% | 10.1% |
| Population | 19,396 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Seminole
At this week's average 30-year rate of 7.11%, buying the median Seminole home of $348,500 with 20% down costs about $2,195 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,776, 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 $94,070 for the 20%-down payment. That payment is 35% of the median Seminole household income of $75,774; at that income and 20% down, the 28% guideline points to a home of about $281,000.
The median rent here is $1,708 a month, so owning the median home costs about $487 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,700 |
|---|---|
| Loan amount | $278,800 |
| Principal and interest | $1,876 |
| Property taxes (0.60% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,195 |
Change the numbers in the calculator
| Down payment | $12,198 |
|---|---|
| Loan amount | $342,188 |
| Principal and interest | $2,302 |
| Property taxes (0.60% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $2,776 |
Change the numbers in the calculator
Questions about home buying in Seminole
What is the median home value in Seminole?
About $348,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Seminole?
Homeowners pay a median $2,076 a year, which is about 0.60% 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 Seminole?
For the median home with 20% down at 7.11%, the payment is about $2,195 a month. Keeping that under 28% of gross income takes about $94,070 a year.
More about Seminole
- Mortgage Refinance in Seminole
- Debt Relief in Seminole
- Home Equity Loans in Seminole
- 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