Mortgage on a $300K house in South Dakota
$2,023 a month with 20% down — $1,614 principal and interest plus $259 property tax and $150 insurance.
South Dakota's typical property tax is 1.04% of the home's value a year (U.S. average 0.9%), which adds $259 a month on a $300K home. The typical home in South Dakota is worth $317,874, so $300K is 6% below the typical price.
$300K 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 | $60,000 | $240,000 | $1,614 | $0 | $409 | $2,023 | $86,700 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $409 | $2,338 | $100,200 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $409 | $2,445 | $104,800 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $409 | $2,523 | $108,100 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Deuel County | $298,508 | 0.82% | $1,970 |
| Stanley County | $302,274 | 1.32% | $2,094 |
| Hughes County | $293,735 | 1.1% | $2,039 |
| Turner County | $292,101 | 0.98% | $2,009 |
| McCook County | $290,879 | 1.06% | $2,030 |
| Charles Mix County | $288,274 | 1.1% | $2,040 |
| Lake County | $312,689 | 1.03% | $2,022 |
| Moody County | $315,215 | 1.1% | $2,040 |
| Clay County | $283,158 | 1.26% | $2,081 |
| Fall River County | $279,704 | 1% | $2,016 |
| Yankton County | $279,512 | 1.06% | $2,029 |
| Minnehaha County | $325,224 | 1.14% | $2,050 |
36 of 50 South Dakota counties tracked by Zillow have a typical home value at or below $300K. See all South Dakota home prices.
Other prices in South Dakota
Frequently asked questions
What is the mortgage on a $300K house in South Dakota?
About $2,023 a month with 20% down at 7.11%: $1,614 principal and interest, $259 property tax and $150 insurance.
How much do I need to make to buy a $300K house in South Dakota?
About $86,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in South Dakota?
At South Dakota's typical effective rate of 1.04%, about $3,107 a year. Rates vary by county and city — see the county pages.