Mortgage Rates in Southern Pines, North Carolina — March 2026
Updated March 2026 | Based on Southern Pines market data and regional lending conditions
Southern Pines is a growing city in North Carolina with a population of 15,773. The current 30-year fixed mortgage rate in Southern Pines is 6.82%, which is 0.17% above the national average. With a median home price of $279,000 and a 20% down payment of $55,800, homebuyers can expect a monthly principal and interest payment of approximately $1,458.
Current Mortgage Rates in Southern Pines, NC
Below are the current average mortgage rates available in the Southern Pines 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 | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Southern Pines Housing Market Overview
The Southern Pines housing market offers relatively affordable housing compared to many major cities. The median household income in Southern Pines is $56,700, and the cost of living index is 90.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $70,371 to comfortably afford the median-priced home in Southern Pines, which exceeds the current median household income.
Monthly Payment Breakdown for Southern Pines
Based on the median home price of $279,000 with 20% down ($55,800), here is what you can expect to pay monthly in Southern Pines:
15-Year vs. 30-Year Mortgage in Southern Pines
Choosing a 15-year mortgage in Southern Pines at 6.05% instead of a 30-year at 6.82% would save you $184,680 in total interest over the life of the loan. However, your monthly payment would be $1,890 instead of $1,458 — an increase of $432 per month.
Calculate Your Southern Pines 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 Southern Pines
What are the current mortgage rates in Southern Pines, NC?
As of March 2026, the average 30-year fixed mortgage rate in Southern Pines, North Carolina is 6.82%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Southern Pines?
Based on the median home price of $279,000 with 20% down, the estimated monthly mortgage payment in Southern Pines is $1,458 for principal and interest. Including property taxes of $184/month, the total monthly housing cost is approximately $1,642.
What income do I need to buy a home in Southern Pines?
Using the 28% rule, you would need an annual income of approximately $70,371 to afford the median-priced home in Southern Pines at $279,000. The median household income in Southern Pines is $56,700. This means most households would need to either earn above the median or consider homes below $279,000.
Is Southern Pines a good place to buy a home in 2026?
Southern Pines offers a below-average cost of living with a cost of living index of 90.2 (national average = 100). The property tax rate in North Carolina is 0.79%, which is below the national average. Southern Pines has a population of 15,773 and offers a very affordable lifestyle.
Mortgage Rates in Other North Carolina Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Southern Pines, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.