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Moving from Colorado to Florida:
Housing Cost Guide

How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.

Monthly Housing Cost Change
-$613/mo

Your housing costs will decrease by approximately $613 per month ($7,356/year) when you move from Colorado to Florida.

Side-by-Side Comparison

ColoradoFloridaChange
Median Home Price$520,000$395,000$-125,000
Property Tax Rate0.51%0.86%+0.35%
Monthly Tax (on median)$221$283+$62
Insurance/yr$3,200$4,200+$1,000
Closing Costs$7K$7K$-170
Transfer Tax0.01%0.7%+0.69%
Est. Monthly PITI$3,641/mo$3,028/mo$-613/mo

What Your Colorado Equity Buys in Florida

If you sell your median-priced Colorado home ($520K) and buy in Florida ($395K):

Equity from sale (est. 30% after typical ownership)$156K
Down payment on Florida home (20%)$79K
Remaining equity after down payment$77K

Your Colorado equity covers the 20% down payment on a median Florida home with $77K left over. That surplus can cover closing costs, moving expenses, or go into savings.

Monthly Budget Impact

Colorado PITI
$3,641/mo
Florida PITI
$3,028/mo
Monthly savings$613/mo
Annual savings$7,356/yr
10-year savings$74K

Over 10 years, this move saves you approximately $74K in housing costs alone.

Key Differences to Know

Your dollar stretches further in Florida. The median home costs 24% less than in Colorado, which translates to a $125K difference in purchase price. This means a smaller loan, a lower monthly payment, and less total interest paid over the life of your mortgage.

Watch out for Florida's 0.86% property tax rate — that's $745 more per year than you're used to in Colorado (0.51%). Property taxes are often the hidden cost that surprises relocating buyers.

Insurance will cost you more in Florida — $4,200/year compared to $3,200/year in Colorado. That's an extra $1,000 annually ($83/month). High premiums are driven by severe weather risk in the region.

When you buy in Florida, expect about $7K in closing costs (1.8% of purchase price). This includes a 0.7% transfer tax. Budget for this amount on top of your down payment.

Down Payment Assistance in Florida

Florida's Florida Hometown Heroes offers Up to 5% as 0% deferred loan. If you haven't owned a home in three years (or are buying in Florida for the first time), you may qualify. Check eligibility requirements and income limits on Florida's housing finance agency website.

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