Mortgage Rates in Waycross, Georgia — March 2026
Updated March 2026 | Based on Waycross market data and regional lending conditions
Waycross is a growing city in Georgia with a population of 13,428. The current 30-year fixed mortgage rate in Waycross is 6.76%, which is 0.11% above the national average. With a median home price of $256,000 and a 20% down payment of $51,200, homebuyers can expect a monthly principal and interest payment of approximately $1,330.
Current Mortgage Rates in Waycross, GA
Below are the current average mortgage rates available in the Waycross 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 | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Waycross Housing Market Overview
The Waycross housing market offers relatively affordable housing compared to many major cities. The median household income in Waycross is $51,400, and the cost of living index is 88.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $65,871 to comfortably afford the median-priced home in Waycross, which exceeds the current median household income.
Monthly Payment Breakdown for Waycross
Based on the median home price of $256,000 with 20% down ($51,200), here is what you can expect to pay monthly in Waycross:
15-Year vs. 30-Year Mortgage in Waycross
Choosing a 15-year mortgage in Waycross at 6% instead of a 30-year at 6.76% would save you $167,760 in total interest over the life of the loan. However, your monthly payment would be $1,728 instead of $1,330 — an increase of $398 per month.
Calculate Your Waycross 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 Waycross
What are the current mortgage rates in Waycross, GA?
As of March 2026, the average 30-year fixed mortgage rate in Waycross, Georgia is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Waycross?
Based on the median home price of $256,000 with 20% down, the estimated monthly mortgage payment in Waycross is $1,330 for principal and interest. Including property taxes of $207/month, the total monthly housing cost is approximately $1,537.
What income do I need to buy a home in Waycross?
Using the 28% rule, you would need an annual income of approximately $65,871 to afford the median-priced home in Waycross at $256,000. The median household income in Waycross is $51,400. This means most households would need to either earn above the median or consider homes below $256,000.
Is Waycross a good place to buy a home in 2026?
Waycross offers a below-average cost of living with a cost of living index of 88.8 (national average = 100). The property tax rate in Georgia is 0.97%, which is near the national average. Waycross has a population of 13,428 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 Waycross, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.