Mortgage Rates in Hialeah, Florida — March 2026
Updated March 2026 | Based on Hialeah market data and regional lending conditions
Hialeah is a mid-sized city in Florida with a population of 223,109. The current 30-year fixed mortgage rate in Hialeah is 6.67%, which is 0.02% above the national average. With a median home price of $425,000 and a 20% down payment of $85,000, homebuyers can expect a monthly principal and interest payment of approximately $2,187.
Current Mortgage Rates in Hialeah, FL
Below are the current average mortgage rates available in the Hialeah 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% |
Hialeah Housing Market Overview
The Hialeah housing market reflects moderate demand with prices near the national average. The median household income in Hialeah is $33,999, and the cost of living index is 108.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $106,800 to comfortably afford the median-priced home in Hialeah, which exceeds the current median household income.
Monthly Payment Breakdown for Hialeah
Based on the median home price of $425,000 with 20% down ($85,000), here is what you can expect to pay monthly in Hialeah:
15-Year vs. 30-Year Mortgage in Hialeah
Choosing a 15-year mortgage in Hialeah at 5.91% instead of a 30-year at 6.67% would save you $273,780 in total interest over the life of the loan. However, your monthly payment would be $2,853 instead of $2,187 — an increase of $666 per month.
Calculate Your Hialeah 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 Hialeah
What are the current mortgage rates in Hialeah, FL?
As of March 2026, the average 30-year fixed mortgage rate in Hialeah, 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 Hialeah?
Based on the median home price of $425,000 with 20% down, the estimated monthly mortgage payment in Hialeah is $2,187 for principal and interest. Including property taxes of $305/month, the total monthly housing cost is approximately $2,492.
What income do I need to buy a home in Hialeah?
Using the 28% rule, you would need an annual income of approximately $106,800 to afford the median-priced home in Hialeah at $425,000. The median household income in Hialeah is $33,999. This means most households would need to either earn above the median or consider homes below $425,000.
Is Hialeah a good place to buy a home in 2026?
Hialeah has a moderate cost of living with a cost of living index of 108.5 (national average = 100). The property tax rate in Florida is 0.86%, which is near the national average. Hialeah has a population of 223,109 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hialeah, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.