Mortgage on a $200K house in South Dakota
$1,349 a month with 20% down — $1,076 principal and interest plus $173 property tax and $100 insurance.
South Dakota's typical property tax is 1.04% of the home's value a year (U.S. average 0.9%), which adds $173 a month on a $200K home. The typical home in South Dakota is worth $317,874, so $200K is 37% below the typical price.
$200K 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 | $40,000 | $160,000 | $1,076 | $0 | $273 | $1,349 | $57,800 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $273 | $1,559 | $66,800 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $273 | $1,630 | $69,900 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $273 | $1,682 | $72,100 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Tripp County | $195,710 | 0.95% | $1,335 |
| Campbell County | $191,493 | 1.18% | $1,373 |
| Miner County | $191,455 | 0.92% | $1,329 |
| Clark County | $208,648 | 0.88% | $1,322 |
| Bennett County | $191,335 | 0.98% | $1,340 |
| Beadle County | $190,822 | 1.09% | $1,357 |
| Potter County | $210,868 | 1.42% | $1,412 |
| Edmunds County | $222,665 | 0.8% | $1,310 |
| Harding County | $227,589 | 1.12% | $1,363 |
| Spink County | $171,479 | 1.28% | $1,390 |
| Roberts County | $228,684 | 0.97% | $1,337 |
11 of 50 South Dakota counties tracked by Zillow have a typical home value at or below $200K. See all South Dakota home prices.
Other prices in South Dakota
Frequently asked questions
What is the mortgage on a $200K house in South Dakota?
About $1,349 a month with 20% down at 7.11%: $1,076 principal and interest, $173 property tax and $100 insurance.
How much do I need to make to buy a $200K house in South Dakota?
About $57,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in South Dakota?
At South Dakota's typical effective rate of 1.04%, about $2,072 a year. Rates vary by county and city — see the county pages.