Mortgage on a $150K house in South Dakota
$1,012 a month with 20% down — $807 principal and interest plus $129 property tax and $75 insurance.
South Dakota's typical property tax is 1.04% of the home's value a year (U.S. average 0.9%), which adds $129 a month on a $150K home. The typical home in South Dakota is worth $317,874, so $150K is 53% below the typical price.
$150K home in South Dakota: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $204 | $1,012 | $43,400 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $204 | $1,169 | $50,100 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $204 | $1,222 | $52,400 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $204 | $1,262 | $54,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.04% 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.
Where in South Dakota does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Corson County | $155,734 | 1.45% | $1,063 |
| Perkins County | $158,791 | 1.29% | $1,043 |
| Bon Homme County | $167,171 | 1.27% | $1,041 |
| Walworth County | $132,385 | 1.31% | $1,046 |
| Jackson County | $128,953 | 0.65% | $963 |
| Spink County | $171,479 | 1.28% | $1,043 |
2 of 50 South Dakota counties tracked by Zillow have a typical home value at or below $150K. See all South Dakota home prices.
Other prices in South Dakota
Frequently asked questions
What is the mortgage on a $150K house in South Dakota?
About $1,012 a month with 20% down at 7.11%: $807 principal and interest, $129 property tax and $75 insurance.
How much do I need to make to buy a $150K house in South Dakota?
About $43,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in South Dakota?
At South Dakota's typical effective rate of 1.04%, about $1,554 a year. Rates vary by county and city — see the county pages.