Mortgage Rates in Moncks Corner, South Carolina — March 2026
Updated March 2026 | Based on Moncks Corner market data and regional lending conditions
Moncks Corner is a growing city in South Carolina with a population of 12,221. The current 30-year fixed mortgage rate in Moncks Corner is 6.79%, which is 0.14% above the national average. With a median home price of $206,000 and a 20% down payment of $41,200, homebuyers can expect a monthly principal and interest payment of approximately $1,073.
Current Mortgage Rates in Moncks Corner, SC
Below are the current average mortgage rates available in the Moncks Corner 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 | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Moncks Corner Housing Market Overview
The Moncks Corner housing market offers relatively affordable housing compared to many major cities. The median household income in Moncks Corner is $55,000, and the cost of living index is 88.5 (national average = 100). Based on the 28% affordability rule, the median income in Moncks Corner is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Moncks Corner
Based on the median home price of $206,000 with 20% down ($41,200), here is what you can expect to pay monthly in Moncks Corner:
15-Year vs. 30-Year Mortgage in Moncks Corner
Choosing a 15-year mortgage in Moncks Corner at 6.02% instead of a 30-year at 6.79% would save you $135,720 in total interest over the life of the loan. However, your monthly payment would be $1,392 instead of $1,073 — an increase of $319 per month.
Calculate Your Moncks Corner 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 Moncks Corner
What are the current mortgage rates in Moncks Corner, SC?
As of March 2026, the average 30-year fixed mortgage rate in Moncks Corner, South Carolina is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Moncks Corner?
Based on the median home price of $206,000 with 20% down, the estimated monthly mortgage payment in Moncks Corner is $1,073 for principal and interest. Including property taxes of $101/month, the total monthly housing cost is approximately $1,174.
What income do I need to buy a home in Moncks Corner?
Using the 28% rule, you would need an annual income of approximately $50,314 to afford the median-priced home in Moncks Corner at $206,000. The median household income in Moncks Corner is $55,000. The median income is currently sufficient to meet this threshold.
Is Moncks Corner a good place to buy a home in 2026?
Moncks Corner offers a below-average cost of living with a cost of living index of 88.5 (national average = 100). The property tax rate in South Carolina is 0.59%, which is below the national average. Moncks Corner has a population of 12,221 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 Moncks Corner, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.