Mortgage Rates in Hilton Head Island, South Carolina — March 2026
Updated March 2026 | Based on Hilton Head Island market data and regional lending conditions
Hilton Head Island is a growing city in South Carolina with a population of 40,000. The current 30-year fixed mortgage rate in Hilton Head Island is 6.71%, which is 0.06% above the national average. With a median home price of $595,000 and a 20% down payment of $119,000, homebuyers can expect a monthly principal and interest payment of approximately $3,075.
Current Mortgage Rates in Hilton Head Island, SC
Below are the current average mortgage rates available in the Hilton Head Island 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 | 6.71% | 6.65% | +0.06% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.31% | 6.25% | +0.06% |
| VA | 6.11% | 6.05% | +0.06% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Hilton Head Island Housing Market Overview
The Hilton Head Island housing market is competitive with prices well above the national median. The median household income in Hilton Head Island is $82,250, and the cost of living index is 118.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $143,914 to comfortably afford the median-priced home in Hilton Head Island, which exceeds the current median household income.
Monthly Payment Breakdown for Hilton Head Island
Based on the median home price of $595,000 with 20% down ($119,000), here is what you can expect to pay monthly in Hilton Head Island:
15-Year vs. 30-Year Mortgage in Hilton Head Island
Choosing a 15-year mortgage in Hilton Head Island at 5.95% instead of a 30-year at 6.71% would save you $386,280 in total interest over the life of the loan. However, your monthly payment would be $4,004 instead of $3,075 — an increase of $929 per month.
Calculate Your Hilton Head Island 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 Hilton Head Island
What are the current mortgage rates in Hilton Head Island, SC?
As of March 2026, the average 30-year fixed mortgage rate in Hilton Head Island, South Carolina is 6.71%, while the 15-year fixed rate is 5.95%. FHA loans average 6.31% and VA loans 6.11%. These rates are 0.06% above the national average of 6.65%.
How much is a monthly mortgage payment in Hilton Head Island?
Based on the median home price of $595,000 with 20% down, the estimated monthly mortgage payment in Hilton Head Island is $3,075 for principal and interest. Including property taxes of $283/month, the total monthly housing cost is approximately $3,358.
What income do I need to buy a home in Hilton Head Island?
Using the 28% rule, you would need an annual income of approximately $143,914 to afford the median-priced home in Hilton Head Island at $595,000. The median household income in Hilton Head Island is $82,250. This means most households would need to either earn above the median or consider homes below $595,000.
Is Hilton Head Island a good place to buy a home in 2026?
Hilton Head Island has a moderate cost of living with a cost of living index of 118.5 (national average = 100). The property tax rate in South Carolina is 0.57%, which is below the national average. Hilton Head Island has a population of 40,000 and offers a balanced lifestyle.
Mortgage Rates in Other South Carolina Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hilton Head Island, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.