Mortgage Rates in Commerce, Georgia — March 2026
Updated March 2026 | Based on Commerce market data and regional lending conditions
Commerce is a growing city in Georgia with a population of 7,688. The current 30-year fixed mortgage rate in Commerce is 6.64%, which is 0.01% below the national average. With a median home price of $271,000 and a 20% down payment of $54,200, homebuyers can expect a monthly principal and interest payment of approximately $1,390.
Current Mortgage Rates in Commerce, GA
Below are the current average mortgage rates available in the Commerce area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Commerce Housing Market Overview
The Commerce housing market offers relatively affordable housing compared to many major cities. The median household income in Commerce is $54,600, and the cost of living index is 87.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $68,271 to comfortably afford the median-priced home in Commerce, which exceeds the current median household income.
Monthly Payment Breakdown for Commerce
Based on the median home price of $271,000 with 20% down ($54,200), here is what you can expect to pay monthly in Commerce:
15-Year vs. 30-Year Mortgage in Commerce
Choosing a 15-year mortgage in Commerce at 5.9% instead of a 30-year at 6.64% would save you $173,160 in total interest over the life of the loan. However, your monthly payment would be $1,818 instead of $1,390 — an increase of $428 per month.
Calculate Your Commerce Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Commerce
What are the current mortgage rates in Commerce, GA?
As of March 2026, the average 30-year fixed mortgage rate in Commerce, Georgia is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Commerce?
Based on the median home price of $271,000 with 20% down, the estimated monthly mortgage payment in Commerce is $1,390 for principal and interest. Including property taxes of $203/month, the total monthly housing cost is approximately $1,593.
What income do I need to buy a home in Commerce?
Using the 28% rule, you would need an annual income of approximately $68,271 to afford the median-priced home in Commerce at $271,000. The median household income in Commerce is $54,600. This means most households would need to either earn above the median or consider homes below $271,000.
Is Commerce a good place to buy a home in 2026?
Commerce offers a below-average cost of living with a cost of living index of 87.3 (national average = 100). The property tax rate in Georgia is 0.9%, which is near the national average. Commerce has a population of 7,688 and offers a very affordable lifestyle.
Mortgage Rates in Other Georgia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Commerce, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.