Mortgage Rates in South Holland, Illinois — March 2026
Updated March 2026 | Based on South Holland market data and regional lending conditions
South Holland is a growing city in Illinois with a population of 21,538. The current 30-year fixed mortgage rate in South Holland is 6.7%, which is 0.05% above the national average. With a median home price of $222,000 and a 20% down payment of $44,400, homebuyers can expect a monthly principal and interest payment of approximately $1,146.
Current Mortgage Rates in South Holland, IL
Below are the current average mortgage rates available in the South Holland 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
South Holland Housing Market Overview
The South Holland housing market offers relatively affordable housing compared to many major cities. The median household income in South Holland is $61,000, and the cost of living index is 91.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $64,671 to comfortably afford the median-priced home in South Holland, which exceeds the current median household income.
Monthly Payment Breakdown for South Holland
Based on the median home price of $222,000 with 20% down ($44,400), here is what you can expect to pay monthly in South Holland:
15-Year vs. 30-Year Mortgage in South Holland
Choosing a 15-year mortgage in South Holland at 5.95% instead of a 30-year at 6.7% would save you $143,640 in total interest over the life of the loan. However, your monthly payment would be $1,494 instead of $1,146 — an increase of $348 per month.
Calculate Your South Holland 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 Holland
What are the current mortgage rates in South Holland, IL?
As of March 2026, the average 30-year fixed mortgage rate in South Holland, Illinois is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in South Holland?
Based on the median home price of $222,000 with 20% down, the estimated monthly mortgage payment in South Holland is $1,146 for principal and interest. Including property taxes of $363/month, the total monthly housing cost is approximately $1,509.
What income do I need to buy a home in South Holland?
Using the 28% rule, you would need an annual income of approximately $64,671 to afford the median-priced home in South Holland at $222,000. The median household income in South Holland is $61,000. This means most households would need to either earn above the median or consider homes below $222,000.
Is South Holland a good place to buy a home in 2026?
South Holland offers a below-average cost of living with a cost of living index of 91.3 (national average = 100). The property tax rate in Illinois is 1.96%, which is above the national average. South Holland has a population of 21,538 and offers a very affordable lifestyle.
Mortgage Rates in Other Illinois Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the South Holland, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.