Florida Mortgage Rates 2026 — By City + Hurricane/Flood Insurance Reality
Short answer: Florida mortgage rates in 2026 average 6.69% APR for 30-year fixed — comparable to national average. Statewide median home price $395,300, required income about $99,620. BUT hurricane + wind + flood insurance adds $4,000-$15,000/year in coastal counties, materially raising the true cost. Citizens Property crisis is structural — 1.4M policies in the state-run insurer of last resort. SOH cap + homestead exemption save longtime owners $5K-$15K/year.
⚠ The Florida insurance reality: National mortgage calculators understate FL homeownership cost by 30-50% because they don't account for hurricane/wind/flood premiums. A typical $400K Miami home: $2,400 mortgage + $830 property tax + $740 wind + $570 flood + $310 standard HO = $4,850/month. The same calculator showing "$2,400 mortgage" tells you only half the story.
30-yr fixed avg: 6.7%
15-yr fixed avg: 5.94%
5/1 ARM avg: 6.2%
FHA avg: 6.3%
VA avg: 6.1%
Jumbo avg: 6.9%
State income tax: 0% (none)
State property tax avg: 0.83%
Mortgage rates by Florida city (top 30 by population)
| City | Pop. | Median Home | 30yr | 15yr | 5/1 ARM | FHA | VA | Jumbo | Income Needed |
|---|---|---|---|---|---|---|---|---|---|
| Jacksonville | 949,611 | $289K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $73K |
| Miami | 442,241 | $555K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $139K |
| Tampa | 384,959 | $385K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $97K |
| Orlando | 307,573 | $375K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $94K |
| St. Petersburg | 258,308 | $355K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $89K |
| Hialeah | 223,109 | $425K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $107K |
| Port St. Lucie | 204,851 | $345K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $87K |
| Tallahassee | 196,169 | $265K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $67K |
| Cape Coral | 194,016 | $365K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $92K |
| Fort Lauderdale | 182,760 | $465K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $117K |
| Pembroke Pines | 171,178 | $445K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $112K |
| Hollywood | 153,067 | $385K | 6.61% | 5.88% | 6.17% | 6.43% | 6.18% | 6.86% | $96K |
| Gainesville | 141,085 | $285K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $72K |
| Miramar | 140,823 | $435K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $109K |
| Coral Springs | 134,394 | $445K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $112K |
| Lehigh Acres | 129,000 | $407K | 6.68% | 5.94% | 6.21% | 6.47% | 6.22% | 6.93% | $103K |
| Palm Bay | 119,760 | $295K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $74K |
| Clearwater | 117,495 | $325K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $82K |
| West Palm Beach | 117,415 | $395K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $99K |
| Brandon | 115,911 | $460K | 6.68% | 5.94% | 6.21% | 6.47% | 6.22% | 6.93% | $117K |
| Spring Hill | 113,742 | $488K | 6.73% | 5.97% | 6.24% | 6.49% | 6.24% | 6.98% | $124K |
| Lakeland | 112,641 | $275K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $69K |
| Pompano Beach | 112,118 | $385K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $97K |
| Miami Gardens | 111,640 | $439K | 6.88% | 6.1% | 6.33% | 6.57% | 6.32% | 7.13% | $113K |
| Davie | 105,691 | $479K | 6.62% | 5.89% | 6.17% | 6.44% | 6.19% | 6.87% | $120K |
| Boca Raton | 99,805 | $525K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $132K |
| Sunrise | 97,335 | $417K | 6.84% | 6.06% | 6.3% | 6.54% | 6.29% | 7.09% | $106K |
| Riverview | 95,491 | $443K | 6.9% | 6.11% | 6.34% | 6.57% | 6.32% | 7.15% | $114K |
| Deltona | 95,027 | $295K | 6.67% | 5.91% | 6.17% | 6.27% | 6.07% | 6.87% | $74K |
| Plantation | 94,580 | $412K | 6.66% | 5.92% | 6.19% | 6.45% | 6.2% | 6.91% | $104K |
Insurance premium reality by region (annual estimates 2026)
| Region | Standard HO | Wind/Hurricane | Flood (NFIP) | Total annual |
|---|---|---|---|---|
| Miami-Dade / Broward (coastal) | $3,800 | $8,800 | $1,200 | $13,800 |
| Palm Beach (coastal) | $3,500 | $6,800 | $1,000 | $11,300 |
| Tampa Bay / Pinellas (coastal) | $3,200 | $5,200 | $900 | $9,300 |
| Lee / Charlotte (Gulf coast) | $2,900 | $5,500 | $1,100 | $9,500 |
| Orlando / Orange (inland central) | $2,400 | $1,400 | $400 | $4,200 |
| Jacksonville / Duval (inland north) | $2,200 | $1,100 | $350 | $3,650 |
| Marion / Lake (inland central) | $1,900 | $700 | $300 | $2,900 |
Florida-specific homestead benefits
- Homestead Exemption: $50,000 reduction in assessed value ($25K all property taxes + $25K non-school). Filed once with county appraiser. ~$750-$1,500/year savings.
- Save Our Homes (SOH) cap: Annual increase in assessed value capped at 3% or CPI (lower). For longtime owners in appreciating areas, this saves $5K-$15K/year. Portable up to $500K accrued benefit when you buy another FL homestead.
- No state income tax: FL is one of 9 states with no state income tax — meaningful for high-earners. Combined with homestead benefits, can offset ~50% of insurance premium delta versus other states.
- Senior & Disabled exemptions: Additional exemptions for residents 65+ with low income, military veterans, first responders, and total disability — varying by county.
Related Amortio resources
- Georgia Mortgage Rates by City (sister hub)
- Home Insurance Cost by State 2026 — Climate Risk & Citizens Crisis
- 2026 Mortgage Rate Forecast
- Mortgage Calculator with PITI
Sources: Freddie Mac PMMS (Q1 2026), Florida Office of Insurance Regulation (FOIR) Citizens Property assessments, NFIP rate tables 2026, FL Department of Revenue homestead exemption rules, FOIR insurance rate filings. Insurance estimates are 2026 ranges — actual quotes vary by deductible, structure age, roof condition, distance from coast, and prior claims. Always get multiple quotes from licensed FL agents before committing to any property purchase decision in coastal counties.