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Southmont

Learn about the people, housing, costs and businesses in Southmont, Pennsylvania

Median Home$125,800
Median Rent$1,091/month
Population2,059
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare32% public administration
Home Value Growth+6.5% over 2 years
Retirees31% of residentswell above average
Homeowners79% of occupied units
NotableHighly Educated35% hold a bachelor's degree · top 3% nationally
NotableVeteran Community11% of residents · top 9% nationally
Southmont
PA

Frequently Asked Questions

What are today's mortgage rates in Southmont?

As of today, the 30-year fixed mortgage rate for Southmont is approximately 7.466% (7.522% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Southmont?

The median home value in Southmont is $126k. The median monthly rent is $1,091. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southmont?

Home values in Southmont have increased 6.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Southmont?

Based on a typical all-in ownership cost of $1,004/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southmont is $73k/year.

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What industries drive the economy in Southmont?

The largest employment sectors in Southmont are public administration (32%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.