Mortgage on a $250K house in South Dakota
$1,686 a month with 20% down — $1,345 principal and interest plus $216 property tax and $125 insurance.
South Dakota's typical property tax is 1.04% of the home's value a year (U.S. average 0.9%), which adds $216 a month on a $250K home. The typical home in South Dakota is worth $317,874, so $250K is 21% below the typical price.
$250K 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 | $50,000 | $200,000 | $1,345 | $0 | $341 | $1,686 | $72,300 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $341 | $1,948 | $83,500 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $341 | $2,037 | $87,300 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $341 | $2,103 | $90,100 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Hand County | $250,964 | 0.89% | $1,655 |
| Davison County | $251,322 | 1.23% | $1,726 |
| Brule County | $251,994 | 0.96% | $1,669 |
| Brown County | $244,812 | 1.18% | $1,715 |
| Kingsbury County | $244,163 | 1.01% | $1,680 |
| Grant County | $241,790 | 0.91% | $1,660 |
| Marshall County | $237,533 | 0.87% | $1,651 |
| Sanborn County | $236,814 | 1.17% | $1,714 |
| Jerauld County | $235,678 | 0.84% | $1,645 |
| Day County | $264,912 | 0.98% | $1,674 |
| Hutchinson County | $230,600 | 1.15% | $1,709 |
| Sully County | $271,237 | 0.83% | $1,644 |
23 of 50 South Dakota counties tracked by Zillow have a typical home value at or below $250K. See all South Dakota home prices.
Other prices in South Dakota
Frequently asked questions
What is the mortgage on a $250K house in South Dakota?
About $1,686 a month with 20% down at 7.11%: $1,345 principal and interest, $216 property tax and $125 insurance.
How much do I need to make to buy a $250K house in South Dakota?
About $72,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in South Dakota?
At South Dakota's typical effective rate of 1.04%, about $2,589 a year. Rates vary by county and city — see the county pages.