Mortgage Rates in South Riding, Virginia — March 2026
Updated March 2026 | Based on South Riding market data and regional lending conditions
South Riding is a growing city in Virginia with a population of 32,927. The current 30-year fixed mortgage rate in South Riding is 6.74%, which is 0.09% above the national average. With a median home price of $330,000 and a 20% down payment of $66,000, homebuyers can expect a monthly principal and interest payment of approximately $1,711.
Current Mortgage Rates in South Riding, VA
Below are the current average mortgage rates available in the South Riding 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
South Riding Housing Market Overview
The South Riding housing market reflects moderate demand with prices near the national average. The median household income in South Riding is $68,300, and the cost of living index is 95.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $82,543 to comfortably afford the median-priced home in South Riding, which exceeds the current median household income.
Monthly Payment Breakdown for South Riding
Based on the median home price of $330,000 with 20% down ($66,000), here is what you can expect to pay monthly in South Riding:
15-Year vs. 30-Year Mortgage in South Riding
Choosing a 15-year mortgage in South Riding at 5.98% instead of a 30-year at 6.74% would save you $215,460 in total interest over the life of the loan. However, your monthly payment would be $2,225 instead of $1,711 — an increase of $514 per month.
Calculate Your South Riding 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 Riding
What are the current mortgage rates in South Riding, VA?
As of March 2026, the average 30-year fixed mortgage rate in South Riding, Virginia is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in South Riding?
Based on the median home price of $330,000 with 20% down, the estimated monthly mortgage payment in South Riding is $1,711 for principal and interest. Including property taxes of $215/month, the total monthly housing cost is approximately $1,926.
What income do I need to buy a home in South Riding?
Using the 28% rule, you would need an annual income of approximately $82,543 to afford the median-priced home in South Riding at $330,000. The median household income in South Riding is $68,300. This means most households would need to either earn above the median or consider homes below $330,000.
Is South Riding a good place to buy a home in 2026?
South Riding offers a below-average cost of living with a cost of living index of 95.8 (national average = 100). The property tax rate in Virginia is 0.78%, which is below the national average. South Riding has a population of 32,927 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the South Riding, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.