Mortgage Rates in Tega Cay, South Carolina — March 2026
Updated March 2026 | Based on Tega Cay market data and regional lending conditions
Tega Cay is a growing city in South Carolina with a population of 12,528. The current 30-year fixed mortgage rate in Tega Cay is 6.63%, which is 0.02% below the national average. With a median home price of $224,000 and a 20% down payment of $44,800, homebuyers can expect a monthly principal and interest payment of approximately $1,148.
Current Mortgage Rates in Tega Cay, SC
Below are the current average mortgage rates available in the Tega Cay 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Tega Cay Housing Market Overview
The Tega Cay housing market offers relatively affordable housing compared to many major cities. The median household income in Tega Cay is $53,300, and the cost of living index is 82.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $53,529 to comfortably afford the median-priced home in Tega Cay, which exceeds the current median household income.
Monthly Payment Breakdown for Tega Cay
Based on the median home price of $224,000 with 20% down ($44,800), here is what you can expect to pay monthly in Tega Cay:
15-Year vs. 30-Year Mortgage in Tega Cay
Choosing a 15-year mortgage in Tega Cay at 5.89% instead of a 30-year at 6.63% would save you $142,920 in total interest over the life of the loan. However, your monthly payment would be $1,502 instead of $1,148 — an increase of $354 per month.
Calculate Your Tega Cay 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 Tega Cay
What are the current mortgage rates in Tega Cay, SC?
As of March 2026, the average 30-year fixed mortgage rate in Tega Cay, South Carolina is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Tega Cay?
Based on the median home price of $224,000 with 20% down, the estimated monthly mortgage payment in Tega Cay is $1,148 for principal and interest. Including property taxes of $101/month, the total monthly housing cost is approximately $1,249.
What income do I need to buy a home in Tega Cay?
Using the 28% rule, you would need an annual income of approximately $53,529 to afford the median-priced home in Tega Cay at $224,000. The median household income in Tega Cay is $53,300. This means most households would need to either earn above the median or consider homes below $224,000.
Is Tega Cay a good place to buy a home in 2026?
Tega Cay offers a below-average cost of living with a cost of living index of 82.2 (national average = 100). The property tax rate in South Carolina is 0.54%, which is below the national average. Tega Cay has a population of 12,528 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 Tega Cay, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.