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Affordable
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These days, finding an affordable place to live in the Southmont area can be challenging. Home prices in Southmont are now at a median cost of $313,994, lower than the North Carolina average of $323,314.
The average cost of rent is $848/mo in Southmont, primarily driven by the current value of real estate in the Southmont area. In Southmont, 9.83% of households rent, and 38.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Southmont is $9,694 per month. Households that rent pay about 8.75% of their income on rent here. Southmont’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cotton Grove, NC: less expensive homes
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- High Rock, NC: higher priced homes
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- Gordontown, NC: less expensive homes
- Faith, NC: equally priced homes
Cities with Similar Populations
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