SC Mortgage Rates by City 2026
Compare mortgage rates, home prices, and affordability across South Carolina's major cities. Find the best place to buy a home in SC.
| City | Avg Home Price | YoY Change | Median Income | Affordability* | FHA Limit |
|---|---|---|---|---|---|
| Rock Hill | $295,000 | +4.8% | $65,000 | 4.5x | $530,250 |
| Columbia | $285,000 | +3.8% | $62,000 | 4.6x | $530,250 |
| Spartanburg | $245,000 | +4.5% | $52,000 | 4.7x | $530,250 |
| Greenville | $365,000 | +5.1% | $68,000 | 5.4x | $530,250 |
| Mount Pleasant | $520,000 | +3.9% | $95,000 | 5.5x | $530,250 |
| Myrtle Beach | $325,000 | +6.3% | $55,000 | 5.9x | $530,250 |
| Charleston | $485,000 | +4.2% | $78,000 | 6.2x | $530,250 |
| Hilton Head | $620,000 | +3.2% | $92,000 | 6.7x | $530,250 |
* Affordability Index = Median Income / (Avg Home Price × 0.0057 property tax). Lower is more affordable.
Most Affordable SC Cities
Best cities for first-time home buyers based on affordability:
- 1Rock Hill— 4.5x income
- 2Columbia— 4.6x income
- 3Spartanburg— 4.7x income
- 4Greenville— 5.4x income
- 5Mount Pleasant— 5.5x income
Fastest Growing SC Markets
Cities with highest year-over-year price appreciation:
- 1Myrtle Beach+6.3%
- 2Greenville+5.1%
- 3Rock Hill+4.8%
- 4Spartanburg+4.5%
- 5Charleston+4.2%
SC Mortgage Rate Factors
Credit Score Impact
SC borrowers with 760+ credit save 0.25-0.50% vs. 660-699 scores.
Down Payment Impact
20% down eliminates PMI, saving $150-$300/month on average.
Loan Type Impact
VA loans offer lowest rates for eligible veterans (6.125%).
Property Tax Advantage
SC's 0.57% rate is among the lowest in the US.