Mortgage Rates in Tampa, Florida: 2026 Guide
30-year fixed: 6.7%. Median home price: $375,000.
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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 |
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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?+
The average 30-year fixed rate in Tampa is 6.7%.
How much home can I afford in Tampa?+
With a median price of $375,000, a 20% down payment is $75,000. Monthly P&I at 6.7% would be $1,936.
Is Tampa a good market for buyers?+
Tampa offers good value compared to other Florida coastal cities. No state income tax and a growing economy make it attractive for both primary residences and investment properties.