Mortgage Rates in Red Hill, South Carolina — March 2026
Updated March 2026 | Based on Red Hill market data and regional lending conditions
Red Hill is a growing city in South Carolina with a population of 16,892. The current 30-year fixed mortgage rate in Red Hill 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 Red Hill, SC
Below are the current average mortgage rates available in the Red Hill 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 | 6.09% | 5.89% | +0.2% |
| 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% |
Red Hill Housing Market Overview
The Red Hill housing market offers relatively affordable housing compared to many major cities. The median household income in Red Hill is $52,000, and the cost of living index is 90.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $55,629 to comfortably afford the median-priced home in Red Hill, which exceeds the current median household income.
Monthly Payment Breakdown for Red Hill
Based on the median home price of $226,000 with 20% down ($45,200), here is what you can expect to pay monthly in Red Hill:
15-Year vs. 30-Year Mortgage in Red Hill
Choosing a 15-year mortgage in Red Hill at 6.09% 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 Red Hill 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 Red Hill
What are the current mortgage rates in Red Hill, SC?
As of March 2026, the average 30-year fixed mortgage rate in Red Hill, South Carolina is 6.87%, while the 15-year fixed rate is 6.09%. 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 Red Hill?
Based on the median home price of $226,000 with 20% down, the estimated monthly mortgage payment in Red Hill is $1,187 for principal and interest. Including property taxes of $111/month, the total monthly housing cost is approximately $1,298.
What income do I need to buy a home in Red Hill?
Using the 28% rule, you would need an annual income of approximately $55,629 to afford the median-priced home in Red Hill at $226,000. The median household income in Red Hill is $52,000. This means most households would need to either earn above the median or consider homes below $226,000.
Is Red Hill a good place to buy a home in 2026?
Red Hill offers a below-average cost of living with a cost of living index of 90.4 (national average = 100). The property tax rate in South Carolina is 0.59%, which is below the national average. Red Hill has a population of 16,892 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 Red Hill, South Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.