Mortgage Rates in South Hill, Washington — March 2026
Updated March 2026 | Based on South Hill market data and regional lending conditions
South Hill is a growing city in Washington with a population of 64,800. The current 30-year fixed mortgage rate in South Hill is 6.84%, which is 0.19% above the national average. With a median home price of $555,000 and a 20% down payment of $111,000, homebuyers can expect a monthly principal and interest payment of approximately $2,906.
Current Mortgage Rates in South Hill, WA
Below are the current average mortgage rates available in the South Hill 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.07% | 5.89% | +0.18% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.09% | 6.85% | +0.24% |
South Hill Housing Market Overview
The South Hill housing market is competitive with prices well above the national median. The median household income in South Hill is $70,900, and the cost of living index is 111.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $143,957 to comfortably afford the median-priced home in South Hill, which exceeds the current median household income.
Monthly Payment Breakdown for South Hill
Based on the median home price of $555,000 with 20% down ($111,000), here is what you can expect to pay monthly in South Hill:
15-Year vs. 30-Year Mortgage in South Hill
Choosing a 15-year mortgage in South Hill at 6.07% instead of a 30-year at 6.84% would save you $368,640 in total interest over the life of the loan. However, your monthly payment would be $3,764 instead of $2,906 — an increase of $858 per month.
Calculate Your South Hill 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 South Hill
What are the current mortgage rates in South Hill, WA?
As of March 2026, the average 30-year fixed mortgage rate in South Hill, Washington is 6.84%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in South Hill?
Based on the median home price of $555,000 with 20% down, the estimated monthly mortgage payment in South Hill is $2,906 for principal and interest. Including property taxes of $453/month, the total monthly housing cost is approximately $3,359.
What income do I need to buy a home in South Hill?
Using the 28% rule, you would need an annual income of approximately $143,957 to afford the median-priced home in South Hill at $555,000. The median household income in South Hill is $70,900. This means most households would need to either earn above the median or consider homes below $555,000.
Is South Hill a good place to buy a home in 2026?
South Hill has a moderate cost of living with a cost of living index of 111.5 (national average = 100). The property tax rate in Washington is 0.98%, which is near the national average. South Hill has a population of 64,800 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the South Hill, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.