Mortgage Rates in Orlando, Florida: 2026 Guide
30-year fixed: 7.32%. Median home price: $385,000.
Current Mortgage Rates in Orlando
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 7.32% | 7.400% | $2,116/mo |
| 15-Year Fixed | 6.68% | 6.750% | $2,714/mo |
| 5/1 ARM | 6.46% | 6.810% | $1,939/mo |
* Based on 20% down. Actual rates vary.
Orlando Market Insights
Orlando’s housing market has diversified beyond its tourism roots, with healthcare, tech, and aerospace sectors driving job growth. The metro area has seen steady population growth, supporting housing demand across a wide price range. Neighborhoods like Winter Park and Thornton Park are popular, while suburbs such as Lake Nona and Davenport offer new construction. No state income tax is a significant draw.
Frequently Asked Questions
What is the average mortgage rate in Orlando?+
How affordable is Orlando?+
What are property taxes in Orlando?+
What a $385,000 Home Costs in Orlando
At Orlando's median home price of $385,000, a 20% down payment is $77,000. On a 30-year fixed loan at 7.32%, the monthly principal and interest payment works out to $2,116, and property taxes add roughly $241 per month at an effective rate of 0.75%. That puts the total PITI payment near $2,357 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Orlando typically needs to earn about $101,014 a year to carry this payment comfortably.
Tax & Rate Context in Orlando
The effective property tax rate in Orlando is 0.75%, which works out to roughly $2,888 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. Orlando has an estimated population of 308K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.