Mortgage Rates in Davie, Florida — March 2026
Updated March 2026 | Based on Davie market data and regional lending conditions
Davie is a growing city in Florida with a population of 105,691. The current 30-year fixed mortgage rate in Davie is 6.62%, which is 0.03% below the national average. With a median home price of $479,000 and a 20% down payment of $95,800, homebuyers can expect a monthly principal and interest payment of approximately $2,452.
Current Mortgage Rates in Davie, FL
Below are the current average mortgage rates available in the Davie 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Davie Housing Market Overview
The Davie housing market reflects moderate demand with prices near the national average. The median household income in Davie is $69,000, and the cost of living index is 102.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $120,471 to comfortably afford the median-priced home in Davie, which exceeds the current median household income.
Monthly Payment Breakdown for Davie
Based on the median home price of $479,000 with 20% down ($95,800), here is what you can expect to pay monthly in Davie:
15-Year vs. 30-Year Mortgage in Davie
Choosing a 15-year mortgage in Davie at 5.89% instead of a 30-year at 6.62% would save you $304,740 in total interest over the life of the loan. However, your monthly payment would be $3,211 instead of $2,452 — an increase of $759 per month.
Calculate Your Davie 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 Davie
What are the current mortgage rates in Davie, FL?
As of March 2026, the average 30-year fixed mortgage rate in Davie, Florida is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Davie?
Based on the median home price of $479,000 with 20% down, the estimated monthly mortgage payment in Davie is $2,452 for principal and interest. Including property taxes of $359/month, the total monthly housing cost is approximately $2,811.
What income do I need to buy a home in Davie?
Using the 28% rule, you would need an annual income of approximately $120,471 to afford the median-priced home in Davie at $479,000. The median household income in Davie is $69,000. This means most households would need to either earn above the median or consider homes below $479,000.
Is Davie a good place to buy a home in 2026?
Davie has a moderate cost of living with a cost of living index of 102.2 (national average = 100). The property tax rate in Florida is 0.9%, which is near the national average. Davie has a population of 105,691 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 Davie, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.