Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ocala, Florida.
Median Home Price
$265K
Population
64K
Avg Monthly Rent
$1,280
Property Tax Rate
0.86% *
* Property tax shown is the Florida state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Ocala.
Ocala vs Florida Median
The median home price in Ocala is $265,000, which is 33% below the Florida state median of $395,000.
Mortgage Calculator — Ocala, FL
Pre-filled with Ocala median home price and Florida tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using Florida's 0.86% tax rate and $4,200/yr insurance.
5% Down
$2,278/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $190
Insurance: $350
PMI: $147
10% Down
$2,187/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $190
Insurance: $350
PMI: $139
20% Down (No PMI)
$1,880/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $190
Insurance: $350
Income needed (28% rule): $81K/year with 20% down, $94K/year with 10% down.
Rent vs Buy in Ocala
Rent
$1,280/mo
vs
Buy (10% down)
$2,187/mo
Price-to-rent ratio: 17.3 — A ratio between 15-20 means the rent vs buy decision in Ocala depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Ocala is $265,000, 33% below the Florida state median of $395,000. With a population of 63,591, Ocala is a smaller market where home prices tend to be more accessible than in many parts of Florida.
Property taxes in Florida average 0.86% annually. This moderate property tax rate means a $265,000 home in Ocala would carry roughly $190/month in property taxes. Homeowners insurance in Florida runs approximately $4,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Ocala is $1,280/month. The price-to-rent ratio in Ocala is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Ocala presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Ocala.