Mortgage Rates in Myrtle Beach, South Carolina — March 2026
Updated March 2026 | Based on Myrtle Beach market data and regional lending conditions
Myrtle Beach is a growing city in South Carolina with a population of 35,682. The current 30-year fixed mortgage rate in Myrtle Beach is 6.71%, which is 0.06% above the national average. With a median home price of $285,000 and a 20% down payment of $57,000, homebuyers can expect a monthly principal and interest payment of approximately $1,473.
Current Mortgage Rates in Myrtle Beach, SC
Below are the current average mortgage rates available in the Myrtle Beach 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% |
Myrtle Beach Housing Market Overview
The Myrtle Beach housing market offers relatively affordable housing compared to many major cities. The median household income in Myrtle Beach is $38,250, and the cost of living index is 92.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $68,914 to comfortably afford the median-priced home in Myrtle Beach, which exceeds the current median household income.
Monthly Payment Breakdown for Myrtle Beach
Based on the median home price of $285,000 with 20% down ($57,000), here is what you can expect to pay monthly in Myrtle Beach:
15-Year vs. 30-Year Mortgage in Myrtle Beach
Choosing a 15-year mortgage in Myrtle Beach at 5.95% instead of a 30-year at 6.71% would save you $185,040 in total interest over the life of the loan. However, your monthly payment would be $1,918 instead of $1,473 — an increase of $445 per month.
Calculate Your Myrtle Beach 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 Myrtle Beach
What are the current mortgage rates in Myrtle Beach, SC?
As of March 2026, the average 30-year fixed mortgage rate in Myrtle Beach, 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 Myrtle Beach?
Based on the median home price of $285,000 with 20% down, the estimated monthly mortgage payment in Myrtle Beach is $1,473 for principal and interest. Including property taxes of $135/month, the total monthly housing cost is approximately $1,608.
What income do I need to buy a home in Myrtle Beach?
Using the 28% rule, you would need an annual income of approximately $68,914 to afford the median-priced home in Myrtle Beach at $285,000. The median household income in Myrtle Beach is $38,250. This means most households would need to either earn above the median or consider homes below $285,000.
Is Myrtle Beach a good place to buy a home in 2026?
Myrtle Beach offers a below-average cost of living with a cost of living index of 92.5 (national average = 100). The property tax rate in South Carolina is 0.57%, which is below the national average. Myrtle Beach has a population of 35,682 and offers a very affordable 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 Myrtle Beach, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.