Mortgage Rates in Temple Terrace, Florida — March 2026
Updated March 2026 | Based on Temple Terrace market data and regional lending conditions
Temple Terrace is a growing city in Florida with a population of 28,125. The current 30-year fixed mortgage rate in Temple Terrace is 6.68%, which is 0.03% above the national average. With a median home price of $421,000 and a 20% down payment of $84,200, homebuyers can expect a monthly principal and interest payment of approximately $2,169.
Current Mortgage Rates in Temple Terrace, FL
Below are the current average mortgage rates available in the Temple Terrace 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Temple Terrace Housing Market Overview
The Temple Terrace housing market reflects moderate demand with prices near the national average. The median household income in Temple Terrace is $55,900, and the cost of living index is 103 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $105,129 to comfortably afford the median-priced home in Temple Terrace, which exceeds the current median household income.
Monthly Payment Breakdown for Temple Terrace
Based on the median home price of $421,000 with 20% down ($84,200), here is what you can expect to pay monthly in Temple Terrace:
15-Year vs. 30-Year Mortgage in Temple Terrace
Choosing a 15-year mortgage in Temple Terrace at 5.94% instead of a 30-year at 6.68% would save you $271,260 in total interest over the life of the loan. However, your monthly payment would be $2,831 instead of $2,169 — an increase of $662 per month.
Calculate Your Temple Terrace 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 Temple Terrace
What are the current mortgage rates in Temple Terrace, FL?
As of March 2026, the average 30-year fixed mortgage rate in Temple Terrace, Florida is 6.68%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Temple Terrace?
Based on the median home price of $421,000 with 20% down, the estimated monthly mortgage payment in Temple Terrace is $2,169 for principal and interest. Including property taxes of $284/month, the total monthly housing cost is approximately $2,453.
What income do I need to buy a home in Temple Terrace?
Using the 28% rule, you would need an annual income of approximately $105,129 to afford the median-priced home in Temple Terrace at $421,000. The median household income in Temple Terrace is $55,900. This means most households would need to either earn above the median or consider homes below $421,000.
Is Temple Terrace a good place to buy a home in 2026?
Temple Terrace has a moderate cost of living with a cost of living index of 103 (national average = 100). The property tax rate in Florida is 0.81%, which is near the national average. Temple Terrace has a population of 28,125 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 Temple Terrace, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.