Mortgage Rates in South Daytona, Florida — March 2026
Updated March 2026 | Based on South Daytona market data and regional lending conditions
South Daytona is a growing city in Florida with a population of 13,199. The current 30-year fixed mortgage rate in South Daytona is 6.62%, which is 0.03% below the national average. With a median home price of $392,000 and a 20% down payment of $78,400, homebuyers can expect a monthly principal and interest payment of approximately $2,007.
Current Mortgage Rates in South Daytona, FL
Below are the current average mortgage rates available in the South Daytona 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
South Daytona Housing Market Overview
The South Daytona housing market reflects moderate demand with prices near the national average. The median household income in South Daytona is $50,200, and the cost of living index is 99.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $98,314 to comfortably afford the median-priced home in South Daytona, which exceeds the current median household income.
Monthly Payment Breakdown for South Daytona
Based on the median home price of $392,000 with 20% down ($78,400), here is what you can expect to pay monthly in South Daytona:
15-Year vs. 30-Year Mortgage in South Daytona
Choosing a 15-year mortgage in South Daytona at 5.89% instead of a 30-year at 6.62% would save you $249,480 in total interest over the life of the loan. However, your monthly payment would be $2,628 instead of $2,007 — an increase of $621 per month.
Calculate Your South Daytona 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 South Daytona
What are the current mortgage rates in South Daytona, FL?
As of March 2026, the average 30-year fixed mortgage rate in South Daytona, Florida is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in South Daytona?
Based on the median home price of $392,000 with 20% down, the estimated monthly mortgage payment in South Daytona is $2,007 for principal and interest. Including property taxes of $287/month, the total monthly housing cost is approximately $2,294.
What income do I need to buy a home in South Daytona?
Using the 28% rule, you would need an annual income of approximately $98,314 to afford the median-priced home in South Daytona at $392,000. The median household income in South Daytona is $50,200. This means most households would need to either earn above the median or consider homes below $392,000.
Is South Daytona a good place to buy a home in 2026?
South Daytona offers a below-average cost of living with a cost of living index of 99.4 (national average = 100). The property tax rate in Florida is 0.88%, which is near the national average. South Daytona has a population of 13,199 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 South Daytona, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.