The typical owner-occupied home in Southport is worth about $1,094,600, 3.0 times the Connecticut median of $366,900 and 3.3 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.91% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $159,688 a year, so the median home costs 6.9 times the median income (3.8 times for Connecticut). 82% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Southport at a glance
| Southport | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $1,094,600 | $366,900 | $332,700 |
| Median property tax paid per year | $10,001 | $6,643 | $3,119 |
| Property tax as a share of value | 0.91% | 1.81% | 0.94% |
| Median household income | $159,688 | $95,781 | $80,734 |
| Homes lived in by their owners | 82% | 66% | 65% |
| Owner homes with a mortgage | 64% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 23.4% | 21.8% | 21.0% |
| Median rent | $3,333 | $1,488 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.4% | 30.6% |
| Median year homes were built | 1966 | 1967 | 1980 |
| Vacant homes | 9.1% | 7.0% | 10.1% |
| Population | 1,568 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Southport
At this week's average 30-year rate of 7.11%, buying the median Southport home of $1,094,600 with 20% down costs about $7,177 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $9,176, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $307,582 for the 20%-down payment. That payment is 54% of the median Southport household income of $159,688; at that income and 20% down, the 28% guideline points to a home of about $568,000.
The median rent here is $3,333 a month, so owning the median home costs about $3,844 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $218,920 |
|---|---|
| Loan amount | $875,680 |
| Principal and interest | $5,891 |
| Property taxes (0.91% a year) | $830 |
| Homeowners insurance (our estimate, 0.5% a year) | $456 |
| PMI | $0 |
| Total per month | $7,177 |
Change the numbers in the calculator
| Down payment | $38,311 |
|---|---|
| Loan amount | $1,074,774 |
| Principal and interest | $7,230 |
| Property taxes (0.91% a year) | $830 |
| Homeowners insurance (our estimate, 0.5% a year) | $456 |
| FHA mortgage insurance | $660 |
| Total per month | $9,176 |
Change the numbers in the calculator
Questions about home buying in Southport
What is the median home value in Southport?
About $1,094,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Southport?
Homeowners pay a median $10,001 a year, which is about 0.91% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Southport?
For the median home with 20% down at 7.11%, the payment is about $7,177 a month. Keeping that under 28% of gross income takes about $307,582 a year.
More about Southport
- Mortgage Refinance in Southport
- Debt Relief in Southport
- Home Equity Loans in Southport
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data