The typical owner-occupied home in Saluda is worth about $372,400, 29% above the North Carolina median of $288,900 and 12% above the national median of $332,700. Owners pay a median $2,682 a year in property taxes, about 0.72% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $52,137 a year, so the median home costs 7.1 times the median income (4.0 times for North Carolina). 84% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Saluda at a glance
| Saluda | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $372,400 | $288,900 | $332,700 |
| Median property tax paid per year | $2,682 | $1,896 | $3,119 |
| Property tax as a share of value | 0.72% | 0.66% | 0.94% |
| Median household income | $52,137 | $72,388 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 40% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,658 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 29.5% | 19.4% | 21.0% |
| Median rent | $1,263 | $1,228 | $1,413 |
| Rent as a share of renters' income | 45.4% | 29.5% | 30.6% |
| Median year homes were built | 1962 | 1991 | 1980 |
| Vacant homes | 44.2% | 12.5% | 10.1% |
| Population | 683 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Saluda
At this week's average 30-year rate of 7.11%, buying the median Saluda home of $372,400 with 20% down costs about $2,383 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,003, 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 $102,117 for the 20%-down payment. That payment is 55% of the median Saluda household income of $52,137; at that income and 20% down, the 28% guideline points to a home of about $190,000.
The median rent here is $1,263 a month, so owning the median home costs about $1,120 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,480 |
|---|---|
| Loan amount | $297,920 |
| Principal and interest | $2,004 |
| Property taxes (0.72% a year) | $223 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| PMI | $0 |
| Total per month | $2,383 |
Change the numbers in the calculator
| Down payment | $13,034 |
|---|---|
| Loan amount | $365,655 |
| Principal and interest | $2,460 |
| Property taxes (0.72% a year) | $223 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| FHA mortgage insurance | $165 |
| Total per month | $3,003 |
Change the numbers in the calculator
Questions about home buying in Saluda
What is the median home value in Saluda?
About $372,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saluda?
Homeowners pay a median $2,682 a year, which is about 0.72% 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 Saluda?
For the median home with 20% down at 7.11%, the payment is about $2,383 a month. Keeping that under 28% of gross income takes about $102,117 a year.
More about Saluda
- Mortgage Refinance in Saluda
- Debt Relief in Saluda
- Home Equity Loans in Saluda
- 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