Mortgage Rates in Greenwood, South Carolina — March 2026
Updated March 2026 | Based on Greenwood market data and regional lending conditions
Greenwood is a growing city in South Carolina with a population of 23,222. The current 30-year fixed mortgage rate in Greenwood is 6.7%, which is 0.05% above the national average. With a median home price of $200,000 and a 20% down payment of $40,000, homebuyers can expect a monthly principal and interest payment of approximately $1,032.
Current Mortgage Rates in Greenwood, SC
Below are the current average mortgage rates available in the Greenwood 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Greenwood Housing Market Overview
The Greenwood housing market offers relatively affordable housing compared to many major cities. The median household income in Greenwood is $47,700, and the cost of living index is 82.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $48,600 to comfortably afford the median-priced home in Greenwood, which exceeds the current median household income.
Monthly Payment Breakdown for Greenwood
Based on the median home price of $200,000 with 20% down ($40,000), here is what you can expect to pay monthly in Greenwood:
15-Year vs. 30-Year Mortgage in Greenwood
Choosing a 15-year mortgage in Greenwood at 5.95% instead of a 30-year at 6.7% would save you $129,240 in total interest over the life of the loan. However, your monthly payment would be $1,346 instead of $1,032 — an increase of $314 per month.
Calculate Your Greenwood Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Greenwood
What are the current mortgage rates in Greenwood, SC?
As of March 2026, the average 30-year fixed mortgage rate in Greenwood, South Carolina is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Greenwood?
Based on the median home price of $200,000 with 20% down, the estimated monthly mortgage payment in Greenwood is $1,032 for principal and interest. Including property taxes of $102/month, the total monthly housing cost is approximately $1,134.
What income do I need to buy a home in Greenwood?
Using the 28% rule, you would need an annual income of approximately $48,600 to afford the median-priced home in Greenwood at $200,000. The median household income in Greenwood is $47,700. This means most households would need to either earn above the median or consider homes below $200,000.
Is Greenwood a good place to buy a home in 2026?
Greenwood offers a below-average cost of living with a cost of living index of 82.5 (national average = 100). The property tax rate in South Carolina is 0.61%, which is below the national average. Greenwood has a population of 23,222 and offers a very affordable lifestyle.
Mortgage Rates in Other South Carolina Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Greenwood, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.