Total monthly cost of ownership
Cost to Own a Home in South Hill, Virginia
A $182,000 home here costs
$1,470per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $534 higher every month — 57% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
South Hill against Mecklenburg County and Virginia
| Measure | South Hill | Mecklenburg County |
|---|---|---|
| Median home value | $182,100 | $169,400 |
| Median property tax | $1,336 | $826 |
| Effective tax rate | 0.734% | 0.488% |
| Median gross rent | $1,121 | $804 |
| Population | 4,737 | 30,431 |
The weather behind that power bill
South Hill sits in Mecklenburg County, which averages a high of 91.7°F in its hottest month and a low of 28.7°F in its coldest, with 43.51" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,825 cooling and 3,504 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Mecklenburg County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mecklenburg County
Full Mecklenburg County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in South Hill?
A $182,000 home in South Hill, Virginia costs approximately $1,470 per month with 20% down at 6.66%. That is $936 principal and interest, $111 property tax, $45 homeowners insurance, $226 utilities and $152 set aside for maintenance.
What is the property tax rate in South Hill?
South Hill has an effective property tax rate of 0.734%, based on a median home value of $182,100 and median real estate taxes of $1,336. That is higher than the Mecklenburg County average of 0.488%.
What is the average home price in South Hill?
The median owner-occupied home value in South Hill, Virginia is $182,100, against $169,400 across Mecklenburg County.
Is it cheaper to rent or buy in South Hill?
Median gross rent in South Hill is $1,121 a month, against $1,470 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Hill — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Virginia.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.