What is the average mortgage rate in South Carolina in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates South Carolina 2026
South Carolina's housing market remains active, with a median home price of $376,400 in early 2026. The state has competitive mortgage rates in line with national averages.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in South Carolina. Not financial advice.
South Carolina at a glance
- Average home price: $376,400
- State income tax: Yes (5.21% top rate in 2026)
- Land transfer tax: Yes ($1.85 per $500 of value, ~0.37%)
- Typical monthly payment: $2,097/mo on $376,400 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does South Carolina have a real estate transfer tax?
Yes — $1.85 per $500 of value, approximately 0.37% of the sale price, paid at closing.
What is the median home price in South Carolina in 2026?
$376,400 as of February 2026.
How much do I need to earn to afford a home in South Carolina?
To afford $376,400 with 20% down at 7.46%, you need approximately $85,000–$95,000 annual income.
South Carolina mortgage calculator · Educational reference only. Not financial or lending advice.