Home Price Key
Affordable
Average
Expensive
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 $163,911, lower than the North Carolina average of $226,477.
The average cost of rent is $603/mo in Southmont, primarily driven by the current value of real estate in the Southmont area. While nearly 36.88% of residents own their homes outright in Southmont, 18.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Southmont is $4,916 per month. Households that rent pay about 12.27% 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.
Nearby Cities
- Cotton Grove, NC: less expensive homes
- Linwood, NC: less expensive homes
- East Spencer, NC: less expensive homes
- Spencer, NC: higher priced homes
- Healing Springs, NC: equally priced homes
- High Rock, NC: higher priced homes
- Granite Quarry, NC: equally priced homes
- Salisbury, NC: equally priced homes
- Gordontown, NC: less expensive homes
- Faith, NC: equally priced homes
Cities with Similar Populations
- Alburnett, IA: higher priced homes
- Yorkville, OH: less expensive homes
- Winkelman, AZ: less expensive homes
- Willow Springs, TX: equally priced homes
- Wiley Ford, WV: equally priced homes
- Wells, VT: equally priced homes
- Weiner, AR: less expensive homes
- Water Valley, KY: less expensive homes
- Brilliant, AL: less expensive homes
- Bradford, NY: less expensive homes
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