Mortgage Rates in San Carlos, California — March 2026
Updated March 2026 | Based on San Carlos market data and regional lending conditions
San Carlos is a growing city in California with a population of 30,215. The current 30-year fixed mortgage rate in San Carlos is 6.66%, which is 0.01% above the national average. With a median home price of $686,000 and a 20% down payment of $137,200, homebuyers can expect a monthly principal and interest payment of approximately $3,527.
Current Mortgage Rates in San Carlos, CA
Below are the current average mortgage rates available in the San Carlos 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 | 6.66% | 6.65% | +0.01% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.91% | 6.85% | +0.06% |
San Carlos Housing Market Overview
The San Carlos housing market is competitive with prices well above the national median. The median household income in San Carlos is $70,900, and the cost of living index is 148.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $169,543 to comfortably afford the median-priced home in San Carlos, which exceeds the current median household income.
Monthly Payment Breakdown for San Carlos
Based on the median home price of $686,000 with 20% down ($137,200), here is what you can expect to pay monthly in San Carlos:
15-Year vs. 30-Year Mortgage in San Carlos
Choosing a 15-year mortgage in San Carlos at 5.92% instead of a 30-year at 6.66% would save you $440,460 in total interest over the life of the loan. However, your monthly payment would be $4,607 instead of $3,527 — an increase of $1,080 per month.
Calculate Your San Carlos 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 San Carlos
What are the current mortgage rates in San Carlos, CA?
As of March 2026, the average 30-year fixed mortgage rate in San Carlos, California is 6.66%, while the 15-year fixed rate is 5.92%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% above the national average of 6.65%.
How much is a monthly mortgage payment in San Carlos?
Based on the median home price of $686,000 with 20% down, the estimated monthly mortgage payment in San Carlos is $3,527 for principal and interest. Including property taxes of $429/month, the total monthly housing cost is approximately $3,956.
What income do I need to buy a home in San Carlos?
Using the 28% rule, you would need an annual income of approximately $169,543 to afford the median-priced home in San Carlos at $686,000. The median household income in San Carlos is $70,900. This means most households would need to either earn above the median or consider homes below $686,000.
Is San Carlos a good place to buy a home in 2026?
San Carlos has a higher cost of living than average with a cost of living index of 148.9 (national average = 100). The property tax rate in California is 0.75%, which is below the national average. San Carlos has a population of 30,215 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the San Carlos, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.