Mortgage Rates in Pace, Florida — March 2026
Updated March 2026 | Based on Pace market data and regional lending conditions
Pace is a growing city in Florida with a population of 21,236. The current 30-year fixed mortgage rate in Pace is 6.7%, which is 0.05% above the national average. With a median home price of $361,000 and a 20% down payment of $72,200, homebuyers can expect a monthly principal and interest payment of approximately $1,864.
Current Mortgage Rates in Pace, FL
Below are the current average mortgage rates available in the Pace 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 | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Pace Housing Market Overview
The Pace housing market reflects moderate demand with prices near the national average. The median household income in Pace is $58,000, and the cost of living index is 96.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $90,471 to comfortably afford the median-priced home in Pace, which exceeds the current median household income.
Monthly Payment Breakdown for Pace
Based on the median home price of $361,000 with 20% down ($72,200), here is what you can expect to pay monthly in Pace:
15-Year vs. 30-Year Mortgage in Pace
Choosing a 15-year mortgage in Pace at 5.95% instead of a 30-year at 6.7% would save you $233,820 in total interest over the life of the loan. However, your monthly payment would be $2,429 instead of $1,864 — an increase of $565 per month.
Calculate Your Pace 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 Pace
What are the current mortgage rates in Pace, FL?
As of March 2026, the average 30-year fixed mortgage rate in Pace, Florida is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Pace?
Based on the median home price of $361,000 with 20% down, the estimated monthly mortgage payment in Pace is $1,864 for principal and interest. Including property taxes of $247/month, the total monthly housing cost is approximately $2,111.
What income do I need to buy a home in Pace?
Using the 28% rule, you would need an annual income of approximately $90,471 to afford the median-priced home in Pace at $361,000. The median household income in Pace is $58,000. This means most households would need to either earn above the median or consider homes below $361,000.
Is Pace a good place to buy a home in 2026?
Pace offers a below-average cost of living with a cost of living index of 96.3 (national average = 100). The property tax rate in Florida is 0.82%, which is near the national average. Pace has a population of 21,236 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 Pace, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.