Mortgage Rates in Florida — March 2026
Compare current mortgage rates across 25 cities in Florida. The average 30-year fixed rate is 6.67%, which is 0.02% above the national average of 6.65%.
Florida Housing Highlights
All 25 Cities in Florida
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Jacksonville | 6.67% | $305,000 | $1,570 | 949,611 |
| Miami | 6.67% | $555,000 | $2,856 | 442,241 |
| Tampa | 6.67% | $385,000 | $1,981 | 384,959 |
| Orlando | 6.67% | $375,000 | $1,930 | 307,573 |
| St. Petersburg | 6.67% | $355,000 | $1,827 | 258,308 |
| Hialeah | 6.67% | $425,000 | $2,187 | 223,109 |
| Port St. Lucie | 6.67% | $345,000 | $1,775 | 204,851 |
| Tallahassee | 6.67% | $265,000 | $1,364 | 196,169 |
| Cape Coral | 6.67% | $365,000 | $1,878 | 194,016 |
| Fort Lauderdale | 6.67% | $465,000 | $2,393 | 182,760 |
| Pembroke Pines | 6.67% | $445,000 | $2,290 | 171,178 |
| Gainesville | 6.67% | $285,000 | $1,467 | 141,085 |
| Miramar | 6.67% | $435,000 | $2,239 | 140,823 |
| Coral Springs | 6.67% | $445,000 | $2,290 | 134,394 |
| Palm Bay | 6.67% | $295,000 | $1,518 | 119,760 |
| Clearwater | 6.67% | $325,000 | $1,673 | 117,495 |
| West Palm Beach | 6.67% | $395,000 | $2,033 | 117,415 |
| Lakeland | 6.67% | $275,000 | $1,415 | 112,641 |
| Pompano Beach | 6.67% | $385,000 | $1,981 | 112,118 |
| Boca Raton | 6.67% | $525,000 | $2,702 | 99,805 |
| Deltona | 6.67% | $295,000 | $1,518 | 95,027 |
| Melbourne | 6.67% | $295,000 | $1,518 | 86,069 |
| Kissimmee | 6.67% | $315,000 | $1,621 | 79,226 |
| Daytona Beach | 6.67% | $245,000 | $1,261 | 72,614 |
| Pensacola | 6.67% | $235,000 | $1,209 | 54,312 |
Florida Mortgage Rates Guide — 2026
Florida homebuyers currently see an average 30-year fixed mortgage rate of 6.67%, with median home prices around $361,400. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,860.
The most affordable city for homebuyers in Florida is Pensacola, where the median home price is $235,000. On the other end, Miami has the highest prices at $555,000. Property tax rates across the state average 0.86%.
To comfortably afford a home at the state average price, a household income of approximately $79,714 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — Florida Mortgages
What are current mortgage rates in Florida?
As of March 2026, the average 30-year fixed mortgage rate in Florida is 6.67% and the 15-year fixed rate averages 5.91%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Florida?
The median home price across 25 cities in Florida is $361,400. Prices range from $235,000 in Pensacola to $555,000 in Miami.
How much income do I need to buy a house in Florida?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $79,714 to comfortably afford the average home in Florida. The median household income in the state is approximately $51,640.
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