Mortgage Rates in Newberry, South Carolina — March 2026
Updated March 2026 | Based on Newberry market data and regional lending conditions
Newberry is a growing city in South Carolina with a population of 10,277. The current 30-year fixed mortgage rate in Newberry is 6.87%, which is 0.22% above the national average. With a median home price of $226,000 and a 20% down payment of $45,200, homebuyers can expect a monthly principal and interest payment of approximately $1,187.
Current Mortgage Rates in Newberry, SC
Below are the current average mortgage rates available in the Newberry 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 | 6.87% | 6.65% | +0.22% |
| 15-Year Fixed | 6.08% | 5.89% | +0.19% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.12% | 6.85% | +0.27% |
Newberry Housing Market Overview
The Newberry housing market offers relatively affordable housing compared to many major cities. The median household income in Newberry is $52,600, and the cost of living index is 88.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $55,157 to comfortably afford the median-priced home in Newberry, which exceeds the current median household income.
Monthly Payment Breakdown for Newberry
Based on the median home price of $226,000 with 20% down ($45,200), here is what you can expect to pay monthly in Newberry:
15-Year vs. 30-Year Mortgage in Newberry
Choosing a 15-year mortgage in Newberry at 6.08% instead of a 30-year at 6.87% would save you $151,200 in total interest over the life of the loan. However, your monthly payment would be $1,534 instead of $1,187 — an increase of $347 per month.
Calculate Your Newberry Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Newberry
What are the current mortgage rates in Newberry, SC?
As of March 2026, the average 30-year fixed mortgage rate in Newberry, South Carolina is 6.87%, while the 15-year fixed rate is 6.08%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.22% above the national average of 6.65%.
How much is a monthly mortgage payment in Newberry?
Based on the median home price of $226,000 with 20% down, the estimated monthly mortgage payment in Newberry is $1,187 for principal and interest. Including property taxes of $100/month, the total monthly housing cost is approximately $1,287.
What income do I need to buy a home in Newberry?
Using the 28% rule, you would need an annual income of approximately $55,157 to afford the median-priced home in Newberry at $226,000. The median household income in Newberry is $52,600. This means most households would need to either earn above the median or consider homes below $226,000.
Is Newberry a good place to buy a home in 2026?
Newberry offers a below-average cost of living with a cost of living index of 88.3 (national average = 100). The property tax rate in South Carolina is 0.53%, which is below the national average. Newberry has a population of 10,277 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 Newberry, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.