Mortgage Rates in West Palm Beach, Florida — March 2026
Updated March 2026 | Based on West Palm Beach market data and regional lending conditions
West Palm Beach is a growing city in Florida with a population of 117,415. The current 30-year fixed mortgage rate in West Palm Beach is 6.67%, which is 0.02% above the national average. With a median home price of $395,000 and a 20% down payment of $79,000, homebuyers can expect a monthly principal and interest payment of approximately $2,033.
Current Mortgage Rates in West Palm Beach, FL
Below are the current average mortgage rates available in the West Palm Beach 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
West Palm Beach Housing Market Overview
The West Palm Beach housing market reflects moderate demand with prices near the national average. The median household income in West Palm Beach is $52,250, and the cost of living index is 108.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $99,257 to comfortably afford the median-priced home in West Palm Beach, which exceeds the current median household income.
Monthly Payment Breakdown for West Palm Beach
Based on the median home price of $395,000 with 20% down ($79,000), here is what you can expect to pay monthly in West Palm Beach:
15-Year vs. 30-Year Mortgage in West Palm Beach
Choosing a 15-year mortgage in West Palm Beach at 5.91% instead of a 30-year at 6.67% would save you $254,700 in total interest over the life of the loan. However, your monthly payment would be $2,651 instead of $2,033 — an increase of $618 per month.
Calculate Your West Palm Beach 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 West Palm Beach
What are the current mortgage rates in West Palm Beach, FL?
As of March 2026, the average 30-year fixed mortgage rate in West Palm Beach, Florida is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in West Palm Beach?
Based on the median home price of $395,000 with 20% down, the estimated monthly mortgage payment in West Palm Beach is $2,033 for principal and interest. Including property taxes of $283/month, the total monthly housing cost is approximately $2,316.
What income do I need to buy a home in West Palm Beach?
Using the 28% rule, you would need an annual income of approximately $99,257 to afford the median-priced home in West Palm Beach at $395,000. The median household income in West Palm Beach is $52,250. This means most households would need to either earn above the median or consider homes below $395,000.
Is West Palm Beach a good place to buy a home in 2026?
West Palm Beach has a moderate cost of living with a cost of living index of 108.5 (national average = 100). The property tax rate in Florida is 0.86%, which is near the national average. West Palm Beach has a population of 117,415 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 West Palm Beach, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.