The typical owner-occupied home in South Fulton is worth about $83,400, 71% below the Tennessee median of $286,700 and 75% below the national median of $332,700. Owners pay a median $566 a year in property taxes, about 0.68% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $43,942 a year, so the median home costs 1.9 times the median income (4.1 times for Tennessee). 55% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
South Fulton at a glance
| South Fulton | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $83,400 | $286,700 | $332,700 |
| Median property tax paid per year | $566 | $1,442 | $3,119 |
| Property tax as a share of value | 0.68% | 0.50% | 0.94% |
| Median household income | $43,942 | $69,595 | $80,734 |
| Homes lived in by their owners | 55% | 67% | 65% |
| Owner homes with a mortgage | 42% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $836 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 17.1% | 19.6% | 21.0% |
| Median rent | $790 | $1,189 | $1,413 |
| Rent as a share of renters' income | 22.2% | 29.5% | 30.6% |
| Median year homes were built | 1968 | 1987 | 1980 |
| Vacant homes | 13.2% | 10.2% | 10.1% |
| Population | 2,379 | 7,066,383 | 334,922,499 |
What a typical home costs per month in South Fulton
At this week's average 30-year rate of 7.11%, buying the median South Fulton home of $83,400 with 20% down costs about $531 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $670, 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 $22,750 for the 20%-down payment. That payment is 14% of the median South Fulton household income of $43,942; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $790 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,680 |
|---|---|
| Loan amount | $66,720 |
| Principal and interest | $449 |
| Property taxes (0.68% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $531 |
Change the numbers in the calculator
| Down payment | $2,919 |
|---|---|
| Loan amount | $81,889 |
| Principal and interest | $551 |
| Property taxes (0.68% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $37 |
| Total per month | $670 |
Change the numbers in the calculator
Questions about home buying in South Fulton
What is the median home value in South Fulton?
About $83,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Fulton?
Homeowners pay a median $566 a year, which is about 0.68% 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 South Fulton?
For the median home with 20% down at 7.11%, the payment is about $531 a month. Keeping that under 28% of gross income takes about $22,750 a year.
More about South Fulton
- Mortgage Refinance in South Fulton
- Debt Relief in South Fulton
- Home Equity Loans in South Fulton
- 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