Market Overview
Home Prices in South Mills, NC
The median home value in South Mills, NC is $419,896 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Mills are priced2% above average. South Mills is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, South Mills home values have risen by approximately35.1%, reflecting strong long-term appreciation in this market.
Price History
South Mills Home Price Trend
City Comparison
South Mills vs. National Median
At $419,896, homes in South Mills cost 2% above the national median of $410,000. Buyers in South Mills should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in South Mills?
20% Down Payment
$83,979
on $419,896
Monthly P&I
$2,190/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,781/mo
incl. taxes & insurance
Income Needed
$111,240
gross annual (30% rule)
10% Down Option
$41,990
+ PMI applies
Loan Amount (20% dn)
$335,917
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in South Mills, NC?
The median home value in South Mills is $419,896 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in South Mills?
Over the past year, home values in South Mills have increased by 3.2%. Over five years, prices have risen approximately 35.1%.
How much do I need to earn to buy a home in South Mills?
To comfortably afford the median home price of $419,896 with a 20% down payment ($83,979) at today's rates (6.8%), you'd need a gross annual income of approximately $111,240. This assumes keeping total housing costs at or below 30% of gross income.
How does South Mills compare to the national average home price?
The national median home value is approximately $410,000. At $419,896, homes in South Mills are 2% above the national average.
What metro area is South Mills part of?
South Mills is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.