The typical owner-occupied home in Saluda is worth about $263,800, 31% below the Virginia median of $383,700 and 21% below the national median of $332,700. Owners pay a median $1,224 a year in property taxes, about 0.46% of their home's value, lower than the Virginia rate of 0.73%. 50% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Saluda at a glance
| Saluda | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $263,800 | $383,700 | $332,700 |
| Median property tax paid per year | $1,224 | $2,790 | $3,119 |
| Property tax as a share of value | 0.46% | 0.73% | 0.94% |
| Median household income | – | $93,170 | $80,734 |
| Homes lived in by their owners | 50% | 67% | 65% |
| Owner homes with a mortgage | 61% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,608 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 47.5% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1992 | 1984 | 1980 |
| Vacant homes | 17.8% | 8.7% | 10.1% |
| Population | 615 | 8,705,170 | 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 $263,800 with 20% down costs about $1,631 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,070, 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 $69,888 for the 20%-down payment.
| Down payment | $52,760 |
|---|---|
| Loan amount | $211,040 |
| Principal and interest | $1,420 |
| Property taxes (0.46% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| PMI | $0 |
| Total per month | $1,631 |
Change the numbers in the calculator
| Down payment | $9,233 |
|---|---|
| Loan amount | $259,022 |
| Principal and interest | $1,742 |
| Property taxes (0.46% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| FHA mortgage insurance | $117 |
| Total per month | $2,070 |
Change the numbers in the calculator
Questions about home buying in Saluda
What is the median home value in Saluda?
About $263,800 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 $1,224 a year, which is about 0.46% 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 $1,631 a month. Keeping that under 28% of gross income takes about $69,888 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