Mortgage Rates in Boca Raton, Florida — March 2026
Updated March 2026 | Based on Boca Raton market data and regional lending conditions
Boca Raton is a growing city in Florida with a population of 99,805. The current 30-year fixed mortgage rate in Boca Raton is 6.67%, which is 0.02% above the national average. With a median home price of $525,000 and a 20% down payment of $105,000, homebuyers can expect a monthly principal and interest payment of approximately $2,702.
Current Mortgage Rates in Boca Raton, FL
Below are the current average mortgage rates available in the Boca Raton area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Boca Raton Housing Market Overview
The Boca Raton housing market is competitive with prices well above the national median. The median household income in Boca Raton is $72,250, and the cost of living index is 118.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $131,914 to comfortably afford the median-priced home in Boca Raton, which exceeds the current median household income.
Monthly Payment Breakdown for Boca Raton
Based on the median home price of $525,000 with 20% down ($105,000), here is what you can expect to pay monthly in Boca Raton:
15-Year vs. 30-Year Mortgage in Boca Raton
Choosing a 15-year mortgage in Boca Raton at 5.91% instead of a 30-year at 6.67% would save you $338,400 in total interest over the life of the loan. However, your monthly payment would be $3,524 instead of $2,702 — an increase of $822 per month.
Calculate Your Boca Raton Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Boca Raton
What are the current mortgage rates in Boca Raton, FL?
As of March 2026, the average 30-year fixed mortgage rate in Boca Raton, Florida is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Boca Raton?
Based on the median home price of $525,000 with 20% down, the estimated monthly mortgage payment in Boca Raton is $2,702 for principal and interest. Including property taxes of $376/month, the total monthly housing cost is approximately $3,078.
What income do I need to buy a home in Boca Raton?
Using the 28% rule, you would need an annual income of approximately $131,914 to afford the median-priced home in Boca Raton at $525,000. The median household income in Boca Raton is $72,250. This means most households would need to either earn above the median or consider homes below $525,000.
Is Boca Raton a good place to buy a home in 2026?
Boca Raton has a moderate cost of living with a cost of living index of 118.5 (national average = 100). The property tax rate in Florida is 0.86%, which is near the national average. Boca Raton has a population of 99,805 and offers a balanced lifestyle.
Mortgage Rates in Other Florida Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Boca Raton, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.