Mortgage Rates in Augusta, Georgia: 2026 Guide
30-year fixed: 7.32%. Median: $245,000.
Current Mortgage Rates in Augusta
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 7.32% | 7.400% | $1,346/mo |
| 15-Year Fixed | 6.68% | 6.750% | $1,727/mo |
| 5/1 ARM | 6.46% | 6.810% | $1,234/mo |
Augusta Market Insights
Augusta is best known for hosting the Masters golf tournament, but its housing market offers affordable options for year-round residents. The medical sector, anchored by Augusta University Health, is a major employer providing economic stability.
FAQs
What is the average mortgage rate in Augusta?+
How much down payment is needed in Augusta?+
What are property taxes in Augusta?+
What a $245,000 Home Costs in Augusta
At Augusta's median home price of $245,000, a 20% down payment is $49,000. On a 30-year fixed loan at 7.32%, the monthly principal and interest payment works out to $1,346, and property taxes add roughly $151 per month at an effective rate of 0.74%. That puts the total PITI payment near $1,497 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Augusta typically needs to earn about $64,157 a year to carry this payment comfortably.
Tax & Rate Context in Augusta
The effective property tax rate in Augusta is 0.74%, which works out to roughly $1,813 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. Augusta has an estimated population of 202K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.