The typical owner-occupied home in Southmont is worth about $424,100, 47% above the North Carolina median of $288,900 and 27% above the national median of $332,700. Owners pay a median $1,713 a year in property taxes, about 0.40% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $91,307 a year, so the median home costs 4.6 times the median income (4.0 times for North Carolina). 93% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Southmont at a glance
| Southmont | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $424,100 | $288,900 | $332,700 |
| Median property tax paid per year | $1,713 | $1,896 | $3,119 |
| Property tax as a share of value | 0.40% | 0.66% | 0.94% |
| Median household income | $91,307 | $72,388 | $80,734 |
| Homes lived in by their owners | 93% | 67% | 65% |
| Owner homes with a mortgage | 49% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,930 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 14.1% | 19.4% | 21.0% |
| Median rent | – | $1,228 | $1,413 |
| Median year homes were built | 1995 | 1991 | 1980 |
| Vacant homes | 22.1% | 12.5% | 10.1% |
| Population | 1,525 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Southmont
At this week's average 30-year rate of 7.11%, buying the median Southmont home of $424,100 with 20% down costs about $2,600 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,307, 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 $111,447 for the 20%-down payment. That payment is 34% of the median Southmont household income of $91,307; at that income and 20% down, the 28% guideline points to a home of about $347,000.
| Down payment | $84,820 |
|---|---|
| Loan amount | $339,280 |
| Principal and interest | $2,282 |
| Property taxes (0.40% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| PMI | $0 |
| Total per month | $2,600 |
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| Down payment | $14,844 |
|---|---|
| Loan amount | $416,418 |
| Principal and interest | $2,801 |
| Property taxes (0.40% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| FHA mortgage insurance | $188 |
| Total per month | $3,307 |
Change the numbers in the calculator
Questions about home buying in Southmont
What is the median home value in Southmont?
About $424,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Southmont?
Homeowners pay a median $1,713 a year, which is about 0.40% 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 Southmont?
For the median home with 20% down at 7.11%, the payment is about $2,600 a month. Keeping that under 28% of gross income takes about $111,447 a year.
More about Southmont
- Mortgage Refinance in Southmont
- Debt Relief in Southmont
- Home Equity Loans in Southmont
- 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