Cost of Living in Holmes County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Holmes County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Holmes County ranks #657 of 3,142 counties for affordability (top 21%)
Sourced county brief
Holmes County Median Home Value Estimated at $110,200
The median home value in Holmes County is $110,200, which is $174,125 below the Florida unweighted county mean of $284,325. Median selected monthly owner costs for all owner-occupied units are $506, compared to the state unweighted county mean of $1,039. In the rental market, the median gross rent is $844 per month. The official ACS B25071 GRAPI, representing the median gross rent as a percentage of household income, was estimated at 28.6% for the 2020-2024 period. This figure is 4.2 percentage points lower than the state unweighted county mean of 32.8%. The median renter-household income in the county was reported at $41,178. These statistics provide a snapshot from the 2020-2024 5-year period estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Holmes County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.6% of renter household income in Holmes County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $844 per month; median selected monthly owner costs are $506. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $33,760 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Holmes County's $844 median is 35.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Holmes County
Rent Burden
20.5%
of gross income
Max Housing (28% Rule)
$1,151
per month
Owner Cost Burden
12.3%
of gross income
You can likely afford the median home in Holmes County
Median home value is $110,200. Estimated monthly cost: $880 vs. your max of $1,151.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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