Total monthly cost of ownership
Cost to Own a Home in Southmont, North Carolina
A $273,000 home here costs
$2,038per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,403. The real number is $635 higher every month — 45% 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.
Southmont against Davidson County and North Carolina
| Measure | Southmont | Davidson County |
|---|---|---|
| Median home value | $273,300 | $200,100 |
| Median property tax | $1,254 | $1,262 |
| Effective tax rate | 0.459% | 0.631% |
| Median gross rent | — | $863 |
| Population | 1,293 | 171,063 |
The weather behind that power bill
Southmont sits in Davidson County, which averages a high of 89.1°F in its hottest month and a low of 28.0°F in its coldest, with 45.47" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,455 cooling and 3,498 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Davidson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Davidson County
Full Davidson County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Southmont?
A $273,000 home in Southmont, North Carolina costs approximately $2,038 per month with 20% down at 6.66%. That is $1,403 principal and interest, $104 property tax, $99 homeowners insurance, $204 utilities and $228 set aside for maintenance.
What is the property tax rate in Southmont?
Southmont has an effective property tax rate of 0.459%, based on a median home value of $273,300 and median real estate taxes of $1,254. That is lower than the Davidson County average of 0.631%.
What is the average home price in Southmont?
The median owner-occupied home value in Southmont, North Carolina is $273,300, against $200,100 across Davidson County.
Is it cheaper to rent or buy in Southmont?
Rent data is not published for Southmont at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Southmont — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Carolina.
- 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.