Mortgage Rates in Edgewater, Florida — March 2026
Updated March 2026 | Based on Edgewater market data and regional lending conditions
Edgewater is a growing city in Florida with a population of 27,860. The current 30-year fixed mortgage rate in Edgewater is 6.88%, which is 0.23% above the national average. With a median home price of $362,000 and a 20% down payment of $72,400, homebuyers can expect a monthly principal and interest payment of approximately $1,903.
Current Mortgage Rates in Edgewater, FL
Below are the current average mortgage rates available in the Edgewater 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Edgewater Housing Market Overview
The Edgewater housing market reflects moderate demand with prices near the national average. The median household income in Edgewater is $54,800, 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 $93,343 to comfortably afford the median-priced home in Edgewater, which exceeds the current median household income.
Monthly Payment Breakdown for Edgewater
Based on the median home price of $362,000 with 20% down ($72,400), here is what you can expect to pay monthly in Edgewater:
15-Year vs. 30-Year Mortgage in Edgewater
Choosing a 15-year mortgage in Edgewater at 6.1% instead of a 30-year at 6.88% would save you $242,460 in total interest over the life of the loan. However, your monthly payment would be $2,459 instead of $1,903 — an increase of $556 per month.
Calculate Your Edgewater 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 Edgewater
What are the current mortgage rates in Edgewater, FL?
As of March 2026, the average 30-year fixed mortgage rate in Edgewater, Florida is 6.88%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Edgewater?
Based on the median home price of $362,000 with 20% down, the estimated monthly mortgage payment in Edgewater is $1,903 for principal and interest. Including property taxes of $275/month, the total monthly housing cost is approximately $2,178.
What income do I need to buy a home in Edgewater?
Using the 28% rule, you would need an annual income of approximately $93,343 to afford the median-priced home in Edgewater at $362,000. The median household income in Edgewater is $54,800. This means most households would need to either earn above the median or consider homes below $362,000.
Is Edgewater a good place to buy a home in 2026?
Edgewater 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 0.91%, which is near the national average. Edgewater has a population of 27,860 and offers a balanced lifestyle.
Mortgage Rates in Other Florida Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Edgewater, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.