Mortgage Rates in Cocoa, Florida — March 2026
Updated March 2026 | Based on Cocoa market data and regional lending conditions
Cocoa is a growing city in Florida with a population of 20,219. The current 30-year fixed mortgage rate in Cocoa is 6.82%, which is 0.17% above the national average. With a median home price of $349,000 and a 20% down payment of $69,800, homebuyers can expect a monthly principal and interest payment of approximately $1,824.
Current Mortgage Rates in Cocoa, FL
Below are the current average mortgage rates available in the Cocoa 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 | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Cocoa Housing Market Overview
The Cocoa housing market reflects moderate demand with prices near the national average. The median household income in Cocoa is $50,800, and the cost of living index is 99.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $88,286 to comfortably afford the median-priced home in Cocoa, which exceeds the current median household income.
Monthly Payment Breakdown for Cocoa
Based on the median home price of $349,000 with 20% down ($69,800), here is what you can expect to pay monthly in Cocoa:
15-Year vs. 30-Year Mortgage in Cocoa
Choosing a 15-year mortgage in Cocoa at 6.05% instead of a 30-year at 6.82% would save you $231,120 in total interest over the life of the loan. However, your monthly payment would be $2,364 instead of $1,824 — an increase of $540 per month.
Calculate Your Cocoa 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 Cocoa
What are the current mortgage rates in Cocoa, FL?
As of March 2026, the average 30-year fixed mortgage rate in Cocoa, Florida is 6.82%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Cocoa?
Based on the median home price of $349,000 with 20% down, the estimated monthly mortgage payment in Cocoa is $1,824 for principal and interest. Including property taxes of $236/month, the total monthly housing cost is approximately $2,060.
What income do I need to buy a home in Cocoa?
Using the 28% rule, you would need an annual income of approximately $88,286 to afford the median-priced home in Cocoa at $349,000. The median household income in Cocoa is $50,800. This means most households would need to either earn above the median or consider homes below $349,000.
Is Cocoa a good place to buy a home in 2026?
Cocoa offers a below-average cost of living with a cost of living index of 99.9 (national average = 100). The property tax rate in Florida is 0.81%, which is near the national average. Cocoa has a population of 20,219 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 Cocoa, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.