Mortgage Rates in Palm City, Florida — March 2026
Updated March 2026 | Based on Palm City market data and regional lending conditions
Palm City is a growing city in Florida with a population of 25,280. The current 30-year fixed mortgage rate in Palm City is 6.7%, which is 0.05% above the national average. With a median home price of $371,000 and a 20% down payment of $74,200, homebuyers can expect a monthly principal and interest payment of approximately $1,915.
Current Mortgage Rates in Palm City, FL
Below are the current average mortgage rates available in the Palm City 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Palm City Housing Market Overview
The Palm City housing market reflects moderate demand with prices near the national average. The median household income in Palm City is $51,000, and the cost of living index is 97.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $93,986 to comfortably afford the median-priced home in Palm City, which exceeds the current median household income.
Monthly Payment Breakdown for Palm City
Based on the median home price of $371,000 with 20% down ($74,200), here is what you can expect to pay monthly in Palm City:
15-Year vs. 30-Year Mortgage in Palm City
Choosing a 15-year mortgage in Palm City at 5.95% instead of a 30-year at 6.7% would save you $239,940 in total interest over the life of the loan. However, your monthly payment would be $2,497 instead of $1,915 — an increase of $582 per month.
Calculate Your Palm City 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 Palm City
What are the current mortgage rates in Palm City, FL?
As of March 2026, the average 30-year fixed mortgage rate in Palm City, Florida is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Palm City?
Based on the median home price of $371,000 with 20% down, the estimated monthly mortgage payment in Palm City is $1,915 for principal and interest. Including property taxes of $278/month, the total monthly housing cost is approximately $2,193.
What income do I need to buy a home in Palm City?
Using the 28% rule, you would need an annual income of approximately $93,986 to afford the median-priced home in Palm City at $371,000. The median household income in Palm City is $51,000. This means most households would need to either earn above the median or consider homes below $371,000.
Is Palm City a good place to buy a home in 2026?
Palm City offers a below-average cost of living with a cost of living index of 97.6 (national average = 100). The property tax rate in Florida is 0.9%, which is near the national average. Palm City has a population of 25,280 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 Palm City, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.