Mortgage Rates in Augusta, Georgia: 2026 Guide
30-year fixed: 6.71%. Median: $245,000.
Current Mortgage Rates in Augusta
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 6.71% | 6.790% | $1,266/mo |
| 15-Year Fixed | 6.19% | 6.260% | $1,674/mo |
| 5/1 ARM | 6.09% | 6.440% | $1,186/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 6.71%, the monthly principal and interest payment works out to $1,266, and property taxes add roughly $188 per month at an effective rate of 0.92%. That puts the total PITI payment near $1,454 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 $62,314 a year to carry this payment comfortably.
Tax & Rate Context in Augusta
The effective property tax rate in Augusta is 0.92%, which works out to roughly $2,254 a year on a median-priced home. The average 30-year fixed rate of 6.71% sits 0.00 points below the national average of 6.71%, giving local buyers a small payment advantage. 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.