Mortgage Rates in Hanahan, South Carolina — March 2026
Updated March 2026 | Based on Hanahan market data and regional lending conditions
Hanahan is a growing city in South Carolina with a population of 25,689. The current 30-year fixed mortgage rate in Hanahan is 6.88%, which is 0.23% above the national average. With a median home price of $252,000 and a 20% down payment of $50,400, homebuyers can expect a monthly principal and interest payment of approximately $1,325.
Current Mortgage Rates in Hanahan, SC
Below are the current average mortgage rates available in the Hanahan 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Hanahan Housing Market Overview
The Hanahan housing market offers relatively affordable housing compared to many major cities. The median household income in Hanahan is $54,500, and the cost of living index is 87.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $61,543 to comfortably afford the median-priced home in Hanahan, which exceeds the current median household income.
Monthly Payment Breakdown for Hanahan
Based on the median home price of $252,000 with 20% down ($50,400), here is what you can expect to pay monthly in Hanahan:
15-Year vs. 30-Year Mortgage in Hanahan
Choosing a 15-year mortgage in Hanahan at 6.09% instead of a 30-year at 6.88% would save you $169,020 in total interest over the life of the loan. However, your monthly payment would be $1,711 instead of $1,325 — an increase of $386 per month.
Calculate Your Hanahan 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 Hanahan
What are the current mortgage rates in Hanahan, SC?
As of March 2026, the average 30-year fixed mortgage rate in Hanahan, South Carolina is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Hanahan?
Based on the median home price of $252,000 with 20% down, the estimated monthly mortgage payment in Hanahan is $1,325 for principal and interest. Including property taxes of $111/month, the total monthly housing cost is approximately $1,436.
What income do I need to buy a home in Hanahan?
Using the 28% rule, you would need an annual income of approximately $61,543 to afford the median-priced home in Hanahan at $252,000. The median household income in Hanahan is $54,500. This means most households would need to either earn above the median or consider homes below $252,000.
Is Hanahan a good place to buy a home in 2026?
Hanahan offers a below-average cost of living with a cost of living index of 87.5 (national average = 100). The property tax rate in South Carolina is 0.53%, which is below the national average. Hanahan has a population of 25,689 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 Hanahan, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.