Mitchell, SD home prices
Typical home $258,525 · +1.8% in a year · income needed $76,500
The Mitchell, SD metro area ranks 423 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.8% in a year and +25.6% over five years. With 20% down at 7.11%, the typical home costs about $1,785 a month including 1.23% property tax (Davison County rate).
Mortgage on the typical Mitchell home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $51,705 | $206,820 | $1,391 | $0 | $394 | $1,785 | $76,500 |
| 10% down | $25,852 | $232,672 | $1,565 | $97 | $394 | $2,056 | $88,100 |
| 5% down | $12,926 | $245,598 | $1,652 | $102 | $394 | $2,148 | $92,100 |
| 3.5% down (FHA) | $9,048 | $253,842 | $1,708 | $114 | $394 | $2,216 | $95,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.23% 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.
Counties in the Mitchell area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Davison County, SD | $251,322 | +1.0% | 1.23% |
What can you afford in South Dakota on your salary? · South Dakota home prices · Salaries in South Dakota
Frequently asked questions
How much is a house in Mitchell?
The typical home in the Mitchell, SD metro area is worth $258,525 (Zillow, September 2026).
What salary do you need to buy a house in Mitchell?
About $76,500 a year for the typical home with 20% down at 7.11%.