Mortgage Rates in Hilton Head, South Carolina — March 2026
Updated March 2026 | Based on Hilton Head market data and regional lending conditions
Hilton Head is a growing city in South Carolina with a population of 40,512. The current 30-year fixed mortgage rate in Hilton Head is 6.33%, which is 0.32% below the national average. With a median home price of $545,000 and a 20% down payment of $109,000, homebuyers can expect a monthly principal and interest payment of approximately $2,707.
Current Mortgage Rates in Hilton Head, SC
Below are the current average mortgage rates available in the Hilton Head 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 | 6.33% | 6.65% | -0.32% |
| 15-Year Fixed | 5.57% | 5.89% | -0.32% |
| 5/1 ARM | 5.83% | 6.15% | -0.32% |
| FHA | 5.93% | 6.25% | -0.32% |
| VA | 5.73% | 6.05% | -0.32% |
| Jumbo | 6.53% | 6.85% | -0.32% |
Hilton Head Housing Market Overview
The Hilton Head housing market is competitive with prices well above the national median. The median household income in Hilton Head is $62,000, and the cost of living index is 115 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $127,500 to comfortably afford the median-priced home in Hilton Head, which exceeds the current median household income.
Monthly Payment Breakdown for Hilton Head
Based on the median home price of $545,000 with 20% down ($109,000), here is what you can expect to pay monthly in Hilton Head:
15-Year vs. 30-Year Mortgage in Hilton Head
Choosing a 15-year mortgage in Hilton Head at 5.57% instead of a 30-year at 6.33% would save you $330,300 in total interest over the life of the loan. However, your monthly payment would be $3,579 instead of $2,707 — an increase of $872 per month.
Calculate Your Hilton Head 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
What are the current mortgage rates in Hilton Head, SC?
As of March 2026, the average 30-year fixed mortgage rate in Hilton Head, South Carolina is 6.33%, while the 15-year fixed rate is 5.57%. FHA loans average 5.93% and VA loans 5.73%. These rates are 0.32% below the national average of 6.65%.
How much is a monthly mortgage payment in Hilton Head?
Based on the median home price of $545,000 with 20% down, the estimated monthly mortgage payment in Hilton Head is $2,707 for principal and interest. Including property taxes of $268/month, the total monthly housing cost is approximately $2,975.
What income do I need to buy a home in Hilton Head?
Using the 28% rule, you would need an annual income of approximately $127,500 to afford the median-priced home in Hilton Head at $545,000. The median household income in Hilton Head is $62,000. This means most households would need to either earn above the median or consider homes below $545,000.
Is Hilton Head a good place to buy a home in 2026?
Hilton Head has a moderate cost of living with a cost of living index of 115 (national average = 100). The property tax rate in South Carolina is 0.59%, which is below the national average. Hilton Head has a population of 40,512 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, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.