Mortgage Rates in St. Marys, Georgia — March 2026
Updated March 2026 | Based on St. Marys market data and regional lending conditions
St. Marys is a growing city in Georgia with a population of 18,500. The current 30-year fixed mortgage rate in St. Marys is 6.88%, which is 0.23% above the national average. With a median home price of $275,000 and a 20% down payment of $55,000, homebuyers can expect a monthly principal and interest payment of approximately $1,446.
Current Mortgage Rates in St. Marys, GA
Below are the current average mortgage rates available in the St. Marys 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
St. Marys Housing Market Overview
The St. Marys housing market offers relatively affordable housing compared to many major cities. The median household income in St. Marys is $58,200, and the cost of living index is 91.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $70,929 to comfortably afford the median-priced home in St. Marys, which exceeds the current median household income.
Monthly Payment Breakdown for St. Marys
Based on the median home price of $275,000 with 20% down ($55,000), here is what you can expect to pay monthly in St. Marys:
15-Year vs. 30-Year Mortgage in St. Marys
Choosing a 15-year mortgage in St. Marys at 6.09% instead of a 30-year at 6.88% would save you $184,500 in total interest over the life of the loan. However, your monthly payment would be $1,867 instead of $1,446 — an increase of $421 per month.
Calculate Your St. Marys 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 St. Marys
What are the current mortgage rates in St. Marys, GA?
As of March 2026, the average 30-year fixed mortgage rate in St. Marys, Georgia is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in St. Marys?
Based on the median home price of $275,000 with 20% down, the estimated monthly mortgage payment in St. Marys is $1,446 for principal and interest. Including property taxes of $209/month, the total monthly housing cost is approximately $1,655.
What income do I need to buy a home in St. Marys?
Using the 28% rule, you would need an annual income of approximately $70,929 to afford the median-priced home in St. Marys at $275,000. The median household income in St. Marys is $58,200. This means most households would need to either earn above the median or consider homes below $275,000.
Is St. Marys a good place to buy a home in 2026?
St. Marys offers a below-average cost of living with a cost of living index of 91.9 (national average = 100). The property tax rate in Georgia is 0.91%, which is near the national average. St. Marys has a population of 18,500 and offers a very affordable lifestyle.
Mortgage Rates in Other Georgia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the St. Marys, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.