Mortgage Rates in Laurens, South Carolina — March 2026
Updated March 2026 | Based on Laurens market data and regional lending conditions
Laurens is a growing city in South Carolina with a population of 9,139. The current 30-year fixed mortgage rate in Laurens is 6.61%, which is 0.04% below the national average. With a median home price of $219,000 and a 20% down payment of $43,800, homebuyers can expect a monthly principal and interest payment of approximately $1,120.
Current Mortgage Rates in Laurens, SC
Below are the current average mortgage rates available in the Laurens 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Laurens Housing Market Overview
The Laurens housing market offers relatively affordable housing compared to many major cities. The median household income in Laurens is $46,600, and the cost of living index is 88.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $52,286 to comfortably afford the median-priced home in Laurens, which exceeds the current median household income.
Monthly Payment Breakdown for Laurens
Based on the median home price of $219,000 with 20% down ($43,800), here is what you can expect to pay monthly in Laurens:
15-Year vs. 30-Year Mortgage in Laurens
Choosing a 15-year mortgage in Laurens at 5.88% instead of a 30-year at 6.61% would save you $139,140 in total interest over the life of the loan. However, your monthly payment would be $1,467 instead of $1,120 — an increase of $347 per month.
Calculate Your Laurens Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Laurens
What are the current mortgage rates in Laurens, SC?
As of March 2026, the average 30-year fixed mortgage rate in Laurens, South Carolina is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Laurens?
Based on the median home price of $219,000 with 20% down, the estimated monthly mortgage payment in Laurens is $1,120 for principal and interest. Including property taxes of $100/month, the total monthly housing cost is approximately $1,220.
What income do I need to buy a home in Laurens?
Using the 28% rule, you would need an annual income of approximately $52,286 to afford the median-priced home in Laurens at $219,000. The median household income in Laurens is $46,600. This means most households would need to either earn above the median or consider homes below $219,000.
Is Laurens a good place to buy a home in 2026?
Laurens offers a below-average cost of living with a cost of living index of 88.1 (national average = 100). The property tax rate in South Carolina is 0.55%, which is below the national average. Laurens has a population of 9,139 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 Laurens, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.