Mortgage Rates in Palm Beach, Florida — March 2026
Updated March 2026 | Based on Palm Beach market data and regional lending conditions
Palm Beach is a smaller Florida community of 39,140 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.61% (0.04% below the national average). The median home price of $400,000 translates to roughly $2,303/month with 20% down — requiring an income of about $98,700, which exceeds the local median of $68,000.
Current Mortgage Rates in Palm Beach, FL
Below are the current average mortgage rates available in the Palm Beach 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Palm Beach Housing Market Overview
Housing in Palm Beach sits near the national average at $400,000. With a median household income of $68,000 and a cost of living index of 99.1, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Palm Beach
Based on the median home price of $400,000 with 20% down ($80,000), here is what you can expect to pay monthly in Palm Beach:
15-Year vs. 30-Year Mortgage in Palm Beach
Choosing a 15-year mortgage in Palm Beach at 5.88% instead of a 30-year at 6.61% would save you $254,160 in total interest over the life of the loan. However, your monthly payment would be $2,680 instead of $2,046 — an increase of $634 per month.
Calculate Your Palm Beach 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 Palm Beach
What are the current mortgage rates in Palm Beach, FL?
As of March 2026, the average 30-year fixed mortgage rate in Palm Beach, Florida is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Palm Beach?
Based on the median home price of $400,000 with 20% down, the estimated monthly mortgage payment in Palm Beach is $2,046 for principal and interest. Including property taxes of $257/month, the total monthly housing cost is approximately $2,303.
What income do I need to buy a home in Palm Beach?
Using the 28% rule, you would need an annual income of approximately $98,700 to afford the median-priced home in Palm Beach at $400,000. The median household income in Palm Beach is $68,000. This means most households would need to either earn above the median or consider homes below $400,000.
Is Palm Beach a good place to buy a home in 2026?
Palm Beach offers a below-average cost of living with a cost of living index of 99.1 (national average = 100). The property tax rate in Florida is 0.77%, which is below the national average. Palm Beach has a population of 39,140 and offers a balanced lifestyle.
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Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Palm Beach, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.