What is the average mortgage rate in Florida in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates Florida 2026
Florida has no state income tax, making it one of the most tax-friendly states for homebuyers. The average home value is $375,662 in 2026. Florida does charge a documentary stamp tax of 0.70% on property sales — one of the higher transfer tax rates in the US.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Florida. Not financial advice.
Florida at a glance
- Average home price: $375,662
- State income tax: None
- Land transfer tax: Yes (documentary stamp tax of $0.70 per $100, approximately 0.70%)
- Typical monthly payment: $2,093/mo on $375,662 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Florida have a real estate transfer tax?
Yes — Florida's documentary stamp tax is $0.70 per $100 of sale price, approximately 0.70% — higher than most states.
What is the average home price in Florida in 2026?
$375,662 — near the national median; Miami and coastal markets are significantly higher.
Does Florida have a state income tax?
No — Florida has no state income tax on wages or salaries, which helps offset the higher cost of homeownership.
Florida mortgage calculator · Educational reference only. Not financial or lending advice.