Mortgage Rates in Woodruff, South Carolina — March 2026
Updated March 2026 | Based on Woodruff market data and regional lending conditions
Woodruff is a growing city in South Carolina with a population of 4,237. The current 30-year fixed mortgage rate in Woodruff is 6.89%, which is 0.24% above the national average. With a median home price of $194,000 and a 20% down payment of $38,800, homebuyers can expect a monthly principal and interest payment of approximately $1,021.
Current Mortgage Rates in Woodruff, SC
Below are the current average mortgage rates available in the Woodruff 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Woodruff Housing Market Overview
The Woodruff housing market offers relatively affordable housing compared to many major cities. The median household income in Woodruff is $55,400, and the cost of living index is 89.8 (national average = 100). Based on the 28% affordability rule, the median income in Woodruff is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Woodruff
Based on the median home price of $194,000 with 20% down ($38,800), here is what you can expect to pay monthly in Woodruff:
15-Year vs. 30-Year Mortgage in Woodruff
Choosing a 15-year mortgage in Woodruff at 6.11% instead of a 30-year at 6.89% would save you $130,140 in total interest over the life of the loan. However, your monthly payment would be $1,319 instead of $1,021 — an increase of $298 per month.
Calculate Your Woodruff 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 Woodruff
What are the current mortgage rates in Woodruff, SC?
As of March 2026, the average 30-year fixed mortgage rate in Woodruff, South Carolina is 6.89%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Woodruff?
Based on the median home price of $194,000 with 20% down, the estimated monthly mortgage payment in Woodruff is $1,021 for principal and interest. Including property taxes of $95/month, the total monthly housing cost is approximately $1,116.
What income do I need to buy a home in Woodruff?
Using the 28% rule, you would need an annual income of approximately $47,829 to afford the median-priced home in Woodruff at $194,000. The median household income in Woodruff is $55,400. The median income is currently sufficient to meet this threshold.
Is Woodruff a good place to buy a home in 2026?
Woodruff offers a below-average cost of living with a cost of living index of 89.8 (national average = 100). The property tax rate in South Carolina is 0.59%, which is below the national average. Woodruff has a population of 4,237 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 Woodruff, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.