Mortgage Rates in Niceville, Florida — March 2026
Updated March 2026 | Based on Niceville market data and regional lending conditions
Niceville is a growing city in Florida with a population of 15,501. The current 30-year fixed mortgage rate in Niceville is 6.7%, which is 0.05% above the national average. With a median home price of $364,000 and a 20% down payment of $72,800, homebuyers can expect a monthly principal and interest payment of approximately $1,879.
Current Mortgage Rates in Niceville, FL
Below are the current average mortgage rates available in the Niceville 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Niceville Housing Market Overview
The Niceville housing market reflects moderate demand with prices near the national average. The median household income in Niceville is $51,900, and the cost of living index is 103.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $92,100 to comfortably afford the median-priced home in Niceville, which exceeds the current median household income.
Monthly Payment Breakdown for Niceville
Based on the median home price of $364,000 with 20% down ($72,800), here is what you can expect to pay monthly in Niceville:
15-Year vs. 30-Year Mortgage in Niceville
Choosing a 15-year mortgage in Niceville at 5.95% instead of a 30-year at 6.7% would save you $235,620 in total interest over the life of the loan. However, your monthly payment would be $2,449 instead of $1,879 — an increase of $570 per month.
Calculate Your Niceville 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 Niceville
What are the current mortgage rates in Niceville, FL?
As of March 2026, the average 30-year fixed mortgage rate in Niceville, Florida is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Niceville?
Based on the median home price of $364,000 with 20% down, the estimated monthly mortgage payment in Niceville is $1,879 for principal and interest. Including property taxes of $270/month, the total monthly housing cost is approximately $2,149.
What income do I need to buy a home in Niceville?
Using the 28% rule, you would need an annual income of approximately $92,100 to afford the median-priced home in Niceville at $364,000. The median household income in Niceville is $51,900. This means most households would need to either earn above the median or consider homes below $364,000.
Is Niceville a good place to buy a home in 2026?
Niceville has a moderate cost of living with a cost of living index of 103.1 (national average = 100). The property tax rate in Florida is 0.89%, which is near the national average. Niceville has a population of 15,501 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Niceville, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.