Mortgage Rates in South Charleston, West Virginia — March 2026
Updated March 2026 | Based on South Charleston market data and regional lending conditions
South Charleston is a growing city in West Virginia with a population of 12,820. The current 30-year fixed mortgage rate in South Charleston is 6.78%, which is 0.13% above the national average. With a median home price of $127,000 and a 20% down payment of $25,400, homebuyers can expect a monthly principal and interest payment of approximately $661.
Current Mortgage Rates in South Charleston, WV
Below are the current average mortgage rates available in the South Charleston 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
South Charleston Housing Market Overview
The South Charleston housing market offers relatively affordable housing compared to many major cities. The median household income in South Charleston is $44,400, and the cost of living index is 69.9 (national average = 100). Based on the 28% affordability rule, the median income in South Charleston is sufficient to afford the median-priced home.
Monthly Payment Breakdown for South Charleston
Based on the median home price of $127,000 with 20% down ($25,400), here is what you can expect to pay monthly in South Charleston:
15-Year vs. 30-Year Mortgage in South Charleston
Choosing a 15-year mortgage in South Charleston at 6.01% instead of a 30-year at 6.78% would save you $83,520 in total interest over the life of the loan. However, your monthly payment would be $858 instead of $661 — an increase of $197 per month.
Calculate Your South Charleston 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 South Charleston
What are the current mortgage rates in South Charleston, WV?
As of March 2026, the average 30-year fixed mortgage rate in South Charleston, West Virginia is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in South Charleston?
Based on the median home price of $127,000 with 20% down, the estimated monthly mortgage payment in South Charleston is $661 for principal and interest. Including property taxes of $62/month, the total monthly housing cost is approximately $723.
What income do I need to buy a home in South Charleston?
Using the 28% rule, you would need an annual income of approximately $30,986 to afford the median-priced home in South Charleston at $127,000. The median household income in South Charleston is $44,400. The median income is currently sufficient to meet this threshold.
Is South Charleston a good place to buy a home in 2026?
South Charleston offers a below-average cost of living with a cost of living index of 69.9 (national average = 100). The property tax rate in West Virginia is 0.59%, which is below the national average. South Charleston has a population of 12,820 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the South Charleston, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.