Mortgage Rates in Plantation, Florida — March 2026
Updated March 2026 | Based on Plantation market data and regional lending conditions
Plantation is a growing city in Florida with a population of 94,580. The current 30-year fixed mortgage rate in Plantation is 6.66%, which is 0.01% above the national average. With a median home price of $412,000 and a 20% down payment of $82,400, homebuyers can expect a monthly principal and interest payment of approximately $2,118.
Current Mortgage Rates in Plantation, FL
Below are the current average mortgage rates available in the Plantation 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 | 6.66% | 6.65% | +0.01% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Plantation Housing Market Overview
The Plantation housing market reflects moderate demand with prices near the national average. The median household income in Plantation is $53,800, and the cost of living index is 96.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $103,586 to comfortably afford the median-priced home in Plantation, which exceeds the current median household income.
Monthly Payment Breakdown for Plantation
Based on the median home price of $412,000 with 20% down ($82,400), here is what you can expect to pay monthly in Plantation:
15-Year vs. 30-Year Mortgage in Plantation
Choosing a 15-year mortgage in Plantation at 5.92% instead of a 30-year at 6.66% would save you $264,420 in total interest over the life of the loan. However, your monthly payment would be $2,767 instead of $2,118 — an increase of $649 per month.
Calculate Your Plantation Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Plantation
What are the current mortgage rates in Plantation, FL?
As of March 2026, the average 30-year fixed mortgage rate in Plantation, Florida is 6.66%, while the 15-year fixed rate is 5.92%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% above the national average of 6.65%.
How much is a monthly mortgage payment in Plantation?
Based on the median home price of $412,000 with 20% down, the estimated monthly mortgage payment in Plantation is $2,118 for principal and interest. Including property taxes of $299/month, the total monthly housing cost is approximately $2,417.
What income do I need to buy a home in Plantation?
Using the 28% rule, you would need an annual income of approximately $103,586 to afford the median-priced home in Plantation at $412,000. The median household income in Plantation is $53,800. This means most households would need to either earn above the median or consider homes below $412,000.
Is Plantation a good place to buy a home in 2026?
Plantation offers a below-average cost of living with a cost of living index of 96.8 (national average = 100). The property tax rate in Florida is 0.87%, which is near the national average. Plantation has a population of 94,580 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Plantation, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.