Mortgage Rates in Cordele, Georgia — March 2026
Updated March 2026 | Based on Cordele market data and regional lending conditions
Cordele is a growing city in Georgia with a population of 10,634. The current 30-year fixed mortgage rate in Cordele is 6.64%, which is 0.01% below the national average. With a median home price of $271,000 and a 20% down payment of $54,200, homebuyers can expect a monthly principal and interest payment of approximately $1,390.
Current Mortgage Rates in Cordele, GA
Below are the current average mortgage rates available in the Cordele 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Cordele Housing Market Overview
The Cordele housing market offers relatively affordable housing compared to many major cities. The median household income in Cordele is $50,200, and the cost of living index is 92.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $68,400 to comfortably afford the median-priced home in Cordele, which exceeds the current median household income.
Monthly Payment Breakdown for Cordele
Based on the median home price of $271,000 with 20% down ($54,200), here is what you can expect to pay monthly in Cordele:
15-Year vs. 30-Year Mortgage in Cordele
Choosing a 15-year mortgage in Cordele at 5.9% instead of a 30-year at 6.64% would save you $173,160 in total interest over the life of the loan. However, your monthly payment would be $1,818 instead of $1,390 — an increase of $428 per month.
Calculate Your Cordele 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 Cordele
What are the current mortgage rates in Cordele, GA?
As of March 2026, the average 30-year fixed mortgage rate in Cordele, Georgia is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Cordele?
Based on the median home price of $271,000 with 20% down, the estimated monthly mortgage payment in Cordele is $1,390 for principal and interest. Including property taxes of $206/month, the total monthly housing cost is approximately $1,596.
What income do I need to buy a home in Cordele?
Using the 28% rule, you would need an annual income of approximately $68,400 to afford the median-priced home in Cordele at $271,000. The median household income in Cordele is $50,200. This means most households would need to either earn above the median or consider homes below $271,000.
Is Cordele a good place to buy a home in 2026?
Cordele offers a below-average cost of living with a cost of living index of 92.4 (national average = 100). The property tax rate in Georgia is 0.91%, which is near the national average. Cordele has a population of 10,634 and offers a very affordable lifestyle.
Mortgage Rates in Other Georgia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cordele, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.