Mortgage Rates in Oakland Park, Florida — March 2026
Updated March 2026 | Based on Oakland Park market data and regional lending conditions
Oakland Park is a growing city in Florida with a population of 44,132. The current 30-year fixed mortgage rate in Oakland Park is 6.87%, which is 0.22% above the national average. With a median home price of $418,000 and a 20% down payment of $83,600, homebuyers can expect a monthly principal and interest payment of approximately $2,196.
Current Mortgage Rates in Oakland Park, FL
Below are the current average mortgage rates available in the Oakland Park 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 | 6.87% | 6.65% | +0.22% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.12% | 6.85% | +0.27% |
Oakland Park Housing Market Overview
The Oakland Park housing market reflects moderate demand with prices near the national average. The median household income in Oakland Park is $53,200, and the cost of living index is 99.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $107,571 to comfortably afford the median-priced home in Oakland Park, which exceeds the current median household income.
Monthly Payment Breakdown for Oakland Park
Based on the median home price of $418,000 with 20% down ($83,600), here is what you can expect to pay monthly in Oakland Park:
15-Year vs. 30-Year Mortgage in Oakland Park
Choosing a 15-year mortgage in Oakland Park at 6.09% instead of a 30-year at 6.87% would save you $279,720 in total interest over the life of the loan. However, your monthly payment would be $2,838 instead of $2,196 — an increase of $642 per month.
Calculate Your Oakland Park 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 Oakland Park
What are the current mortgage rates in Oakland Park, FL?
As of March 2026, the average 30-year fixed mortgage rate in Oakland Park, Florida is 6.87%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.22% above the national average of 6.65%.
How much is a monthly mortgage payment in Oakland Park?
Based on the median home price of $418,000 with 20% down, the estimated monthly mortgage payment in Oakland Park is $2,196 for principal and interest. Including property taxes of $314/month, the total monthly housing cost is approximately $2,510.
What income do I need to buy a home in Oakland Park?
Using the 28% rule, you would need an annual income of approximately $107,571 to afford the median-priced home in Oakland Park at $418,000. The median household income in Oakland Park is $53,200. This means most households would need to either earn above the median or consider homes below $418,000.
Is Oakland Park a good place to buy a home in 2026?
Oakland Park offers a below-average cost of living with a cost of living index of 99.2 (national average = 100). The property tax rate in Florida is 0.9%, which is near the national average. Oakland Park has a population of 44,132 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 Oakland Park, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.