Hamlin County, South Dakota home prices
Typical home $340,142 · +12.2% in a year · property tax 1.11%
The typical home in Hamlin County is worth $340,142, 7% more than the South Dakota typical home ($317,874). Values changed +12.2% in the past year and +35.7% over five years. Homeowners here pay a median 1.11% of their home's value in property tax each year ($3,772 on the typical home), versus 1.04% statewide.
Mortgage on the typical Hamlin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $68,028 | $272,113 | $1,831 | $0 | $484 | $2,315 | $99,200 |
| 10% down | $34,014 | $306,127 | $2,059 | $128 | $484 | $2,671 | $114,500 |
| 5% down | $17,007 | $323,135 | $2,174 | $135 | $484 | $2,793 | $119,700 |
| 3.5% down (FHA) | $11,905 | $333,981 | $2,247 | $150 | $484 | $2,882 | $123,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.11% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in South Dakota · part of the Watertown metro area.
South Dakota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Codington County | $335,543 | +3.1% | 0.97% |
| Brookings County | $327,004 | +6.1% | 1.13% |
| Minnehaha County | $325,224 | +1.3% | 1.14% |
| Union County | $355,956 | +2.7% | 1.1% |
| Butte County | $360,624 | +3.7% | 0.93% |
| Pennington County | $363,102 | +1.8% | 1.08% |
| Moody County | $315,215 | +8.0% | 1.1% |
| Lake County | $312,689 | +2.4% | 1.03% |
| Stanley County | $302,274 | +0.8% | 1.32% |
| Lincoln County | $381,169 | +0.7% | 1.15% |
Frequently asked questions
What is the average home price in Hamlin County, SD?
The typical home value in Hamlin County is $340,142 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Hamlin County?
About $99,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Hamlin County?
The median effective rate is 1.11% of home value a year (Census ACS 2024 5-year estimates).