Mortgage Rates in Flora, Indiana — March 2026
Updated March 2026 | Based on Flora market data and regional lending conditions
Flora is a smaller Indiana community of 26,233 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.76% (0.11% above the national average). The median home price of $235,000 translates to roughly $1,362/month with 20% down — requiring an income of about $58,371, which exceeds the local median of $58,000.
Current Mortgage Rates in Flora, IN
Below are the current average mortgage rates available in the Flora 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 | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Flora Housing Market Overview
At $235,000, Flora offers more affordable housing than most U.S. metros. The local cost of living index is 94 (100 = national average), and the median household income of $58,000 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for Flora
Based on the median home price of $235,000 with 20% down ($47,000), here is what you can expect to pay monthly in Flora:
15-Year vs. 30-Year Mortgage in Flora
Choosing a 15-year mortgage in Flora at 6% instead of a 30-year at 6.76% would save you $154,080 in total interest over the life of the loan. However, your monthly payment would be $1,586 instead of $1,221 — an increase of $365 per month.
Calculate Your Flora 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 Flora
What are the current mortgage rates in Flora, IN?
As of March 2026, the average 30-year fixed mortgage rate in Flora, Indiana is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Flora?
Based on the median home price of $235,000 with 20% down, the estimated monthly mortgage payment in Flora is $1,221 for principal and interest. Including property taxes of $141/month, the total monthly housing cost is approximately $1,362.
What income do I need to buy a home in Flora?
Using the 28% rule, you would need an annual income of approximately $58,371 to afford the median-priced home in Flora at $235,000. The median household income in Flora is $58,000. This means most households would need to either earn above the median or consider homes below $235,000.
Is Flora a good place to buy a home in 2026?
Flora offers a below-average cost of living with a cost of living index of 94 (national average = 100). The property tax rate in Indiana is 0.72%, which is below the national average. Flora has a population of 26,233 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Flora, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.