Mortgage Rates in Hollywood, Florida — March 2026
Updated March 2026 | Based on Hollywood market data and regional lending conditions
Hollywood is a growing city in Florida with a population of 153,067. The current 30-year fixed mortgage rate in Hollywood is 6.61%, which is 0.04% below the national average. With a median home price of $385,000 and a 20% down payment of $77,000, homebuyers can expect a monthly principal and interest payment of approximately $1,969.
Current Mortgage Rates in Hollywood, FL
Below are the current average mortgage rates available in the Hollywood 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Hollywood Housing Market Overview
The Hollywood housing market reflects moderate demand with prices near the national average. The median household income in Hollywood is $48,000, and the cost of living index is 108.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $96,214 to comfortably afford the median-priced home in Hollywood, which exceeds the current median household income.
Monthly Payment Breakdown for Hollywood
Based on the median home price of $385,000 with 20% down ($77,000), here is what you can expect to pay monthly in Hollywood:
15-Year vs. 30-Year Mortgage in Hollywood
Choosing a 15-year mortgage in Hollywood at 5.88% instead of a 30-year at 6.61% would save you $244,620 in total interest over the life of the loan. However, your monthly payment would be $2,579 instead of $1,969 — an increase of $610 per month.
Calculate Your Hollywood 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 Hollywood
What are the current mortgage rates in Hollywood, FL?
As of March 2026, the average 30-year fixed mortgage rate in Hollywood, Florida is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Hollywood?
Based on the median home price of $385,000 with 20% down, the estimated monthly mortgage payment in Hollywood is $1,969 for principal and interest. Including property taxes of $276/month, the total monthly housing cost is approximately $2,245.
What income do I need to buy a home in Hollywood?
Using the 28% rule, you would need an annual income of approximately $96,214 to afford the median-priced home in Hollywood at $385,000. The median household income in Hollywood is $48,000. This means most households would need to either earn above the median or consider homes below $385,000.
Is Hollywood a good place to buy a home in 2026?
Hollywood has a moderate cost of living with a cost of living index of 108.2 (national average = 100). The property tax rate in Florida is 0.86%, which is near the national average. Hollywood has a population of 153,067 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 Hollywood, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.