Mortgage Rates in University Park, Florida — March 2026
Updated March 2026 | Based on University Park market data and regional lending conditions
University Park is a smaller Florida community of 30,422 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.77% (0.12% above the national average). The median home price of $300,000 translates to roughly $1,748/month with 20% down — requiring an income of about $74,914, which exceeds the local median of $68,000.
Current Mortgage Rates in University Park, FL
Below are the current average mortgage rates available in the University Park 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
University Park Housing Market Overview
At $300,000, University Park offers more affordable housing than most U.S. metros. The local cost of living index is 108.4 (100 = national average), and the median household income of $68,000 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for University Park
Based on the median home price of $300,000 with 20% down ($60,000), here is what you can expect to pay monthly in University Park:
15-Year vs. 30-Year Mortgage in University Park
Choosing a 15-year mortgage in University Park at 6.01% instead of a 30-year at 6.77% would save you $196,740 in total interest over the life of the loan. However, your monthly payment would be $2,027 instead of $1,560 — an increase of $467 per month.
Calculate Your University Park 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 University Park
What are the current mortgage rates in University Park, FL?
As of March 2026, the average 30-year fixed mortgage rate in University Park, Florida is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in University Park?
Based on the median home price of $300,000 with 20% down, the estimated monthly mortgage payment in University Park is $1,560 for principal and interest. Including property taxes of $188/month, the total monthly housing cost is approximately $1,748.
What income do I need to buy a home in University Park?
Using the 28% rule, you would need an annual income of approximately $74,914 to afford the median-priced home in University Park at $300,000. The median household income in University Park is $68,000. This means most households would need to either earn above the median or consider homes below $300,000.
Is University Park a good place to buy a home in 2026?
University Park has a moderate cost of living with a cost of living index of 108.4 (national average = 100). The property tax rate in Florida is 0.75%, which is below the national average. University Park has a population of 30,422 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the University Park, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.