Home Buying in Sunrise
Sunrise is home to Sawgrass Mills, one of the largest outlet malls in the world, and offers suburban Broward living near Fort Lauderdale.
Frequently Asked Questions
Common questions about buying a home in Sunrise
What is the current mortgage rate in Sunrise?
The average 30-year fixed mortgage rate in Sunrise, FL is currently 6.23% as of April 24, 2026. This is sourced from Freddie Mac's weekly survey via FRED.
How much is a down payment on a home in Sunrise?
With Sunrise's median home price of $430,000, a 20% down payment would be $86,000. First-time buyers may qualify for FHA loans with as little as 3.5% down ($15,050).
What are property taxes like in Sunrise?
Sunrise is in Broward County. The average effective property tax rate is 0.9%, working out to approximately $3,870 per year on a median-priced home. Florida's Homestead Exemption can reduce your taxable value by up to $50,000 if this is your primary residence.
Is it better to rent or buy in Sunrise?
With a monthly mortgage payment of ~$2,114 (20% down) vs. median rent of $2,000, buying costs more per month but builds equity. The break-even point depends on how long you plan to stay and your down payment amount.