Mortgage Rates in Jacksonville, Florida: 2026 Guide
30-year fixed: 7.32%. Median home price: $340,000.
Current Mortgage Rates in Jacksonville
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 7.32% | 7.400% | $1,868/mo |
| 15-Year Fixed | 6.68% | 6.750% | $2,396/mo |
| 5/1 ARM | 6.46% | 6.810% | $1,712/mo |
Jacksonville Market Insights
Jacksonville offers some of the most affordable housing among Florida’s major cities. The city’s large geographic footprint includes diverse neighborhoods from the urban Riverside and Avondale areas to the beach communities of Jacksonville Beach and Atlantic Beach. The military, logistics, and financial services sectors drive the local economy. Jacksonville’s affordability relative to other Florida coastal cities makes it popular with families and first-time buyers.
Frequently Asked Questions
What is the average mortgage rate in Jacksonville?+
Is Jacksonville affordable?+
What are property taxes like?+
What a $340,000 Home Costs in Jacksonville
At Jacksonville's median home price of $340,000, a 20% down payment is $68,000. On a 30-year fixed loan at 7.32%, the monthly principal and interest payment works out to $1,868, and property taxes add roughly $213 per month at an effective rate of 0.75%. That puts the total PITI payment near $2,081 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Jacksonville typically needs to earn about $89,186 a year to carry this payment comfortably.
Tax & Rate Context in Jacksonville
The effective property tax rate in Jacksonville is 0.75%, which works out to roughly $2,550 a year on a median-priced home.The 30-year fixed rate used here is the national Freddie Mac PMMS average of 7.32%. Local quotes move with credit score, down payment and lender, so compare at least three offers. Jacksonville has an estimated population of 950K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.