Minnehaha County, South Dakota home prices
Typical home $325,224 · +1.3% in a year · property tax 1.14%
The typical home in Minnehaha County is worth $325,224, 2% more than the South Dakota typical home ($317,874). Values changed +1.3% in the past year and +22.6% over five years. Homeowners here pay a median 1.14% of their home's value in property tax each year ($3,710 on the typical home), versus 1.04% statewide.
Mortgage on the typical Minnehaha County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $65,045 | $260,179 | $1,750 | $0 | $472 | $2,222 | $95,200 |
| 10% down | $32,522 | $292,701 | $1,969 | $122 | $472 | $2,563 | $109,800 |
| 5% down | $16,261 | $308,962 | $2,078 | $129 | $472 | $2,679 | $114,800 |
| 3.5% down (FHA) | $11,383 | $319,333 | $2,148 | $144 | $472 | $2,764 | $118,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.14% 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 Sioux Falls metro area.
South Dakota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Brookings County | $327,004 | +6.1% | 1.13% |
| Moody County | $315,215 | +8.0% | 1.1% |
| Codington County | $335,543 | +3.1% | 0.97% |
| Lake County | $312,689 | +2.4% | 1.03% |
| Hamlin County | $340,142 | +12.2% | 1.11% |
| Stanley County | $302,274 | +0.8% | 1.32% |
| Deuel County | $298,508 | +6.2% | 0.82% |
| Union County | $355,956 | +2.7% | 1.1% |
| Hughes County | $293,735 | +3.0% | 1.1% |
| Turner County | $292,101 | -3.5% | 0.98% |
Frequently asked questions
What is the average home price in Minnehaha County, SD?
The typical home value in Minnehaha County is $325,224 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Minnehaha County?
About $95,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Minnehaha County?
The median effective rate is 1.14% of home value a year (Census ACS 2024 5-year estimates).