Florida Mortgage Rates & Home Prices (2026)
Median price: $405,000 · Avg. rate: 6.82%
Florida Market Overview
$405,000
Median Home Price
6.82%
Avg. 30-Yr Rate
0.86%
Property Tax Rate
67.3%
Homeownership Rate
Florida's no state income tax makes it popular for relocating buyers, driving demand. The Hometown Heroes program offers up to 5% of the loan amount for down payment and closing costs to eligible workers. Hurricane insurance costs are a significant factor in total housing expense.
Estimated Monthly Payment
Median home in Florida (20% down, 30-yr fixed)
$2,576/mo
Principal & Interest$2,117
Property Taxes$290
Home Insurance (est.)$169
Total Monthly (PITI)$2,576
Based on a $405,000 home with 20% down ($324,000 loan) at 6.82%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Florida
- Florida Hometown Heroes
- FL Assist Second Mortgage
- HFA Preferred and Advantage
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: FL Rates
30-Year Fixed6.82%
15-Year Fixed6.04%
5/1 ARM (est.)6.07%
FHA 30-Year6.67%
VA 30-Year6.57%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: FL
FHA Loan Limit$472,030
Median Income$67,917
Cost Index1.08x