Mortgage Rates in Tampa, Florida: 2026 Guide
30-year fixed: 6.7%. Median home price: $375,000.
Current Mortgage Rates in Tampa
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.780% | $1,936/mo |
| 15-Year Fixed | 6.18% | 6.250% | $2,561/mo |
| 5/1 ARM | 6.08% | 6.430% | $1,814/mo |
Tampa Market Insights
Tampa has emerged as one of Florida’s hottest housing markets, attracting buyers from across the country with its waterfront lifestyle, growing job market, and relatively affordable prices compared to Miami. Neighborhoods like Hyde Park, Seminole Heights, and South Tampa offer urban living, while suburbs such as Brandon and Wesley Chapel provide family-friendly options. The no-income-tax advantage and Gulf Coast beaches continue to drive migration.
Frequently Asked Questions
What is the average mortgage rate in Tampa?+
How much home can I afford in Tampa?+
Is Tampa a good market for buyers?+
What a $375,000 Home Costs in Tampa
At Tampa's median home price of $375,000, a 20% down payment is $75,000. On a 30-year fixed loan at 6.7%, the monthly principal and interest payment works out to $1,936, and property taxes add roughly $278 per month at an effective rate of 0.89%. That puts the total PITI payment near $2,214 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Tampa typically needs to earn about $94,886 a year to carry this payment comfortably.
Tax & Rate Context in Tampa
The effective property tax rate in Tampa is 0.89%, which works out to roughly $3,338 a year on a median-priced home. The average 30-year fixed rate of 6.7% sits -0.01 points below the national average of 6.71%, giving local buyers a small payment advantage. Tampa has an estimated population of 392K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.