Mortgage on a $350K house in South Dakota
$2,361 a month with 20% down — $1,884 principal and interest plus $302 property tax and $175 insurance.
South Dakota's typical property tax is 1.04% of the home's value a year (U.S. average 0.9%), which adds $302 a month on a $350K home. The typical home in South Dakota is worth $317,874, so $350K is 10% above the typical price.
$350K 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 | $70,000 | $280,000 | $1,884 | $0 | $477 | $2,361 | $101,200 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $477 | $2,727 | $116,900 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $477 | $2,852 | $122,200 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $477 | $2,944 | $126,200 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Union County | $355,956 | 1.1% | $2,380 |
| Hamlin County | $340,142 | 1.11% | $2,382 |
| Butte County | $360,624 | 0.93% | $2,329 |
| Pennington County | $363,102 | 1.08% | $2,374 |
| Codington County | $335,543 | 0.97% | $2,342 |
| Brookings County | $327,004 | 1.13% | $2,387 |
| Minnehaha County | $325,224 | 1.14% | $2,391 |
| Lincoln County | $381,169 | 1.15% | $2,393 |
| Moody County | $315,215 | 1.1% | $2,381 |
| Lake County | $312,689 | 1.03% | $2,358 |
| Meade County | $393,336 | 1.01% | $2,352 |
| Stanley County | $302,274 | 1.32% | $2,443 |
43 of 50 South Dakota counties tracked by Zillow have a typical home value at or below $350K. See all South Dakota home prices.
Other prices in South Dakota
Frequently asked questions
What is the mortgage on a $350K house in South Dakota?
About $2,361 a month with 20% down at 7.11%: $1,884 principal and interest, $302 property tax and $175 insurance.
How much do I need to make to buy a $350K house in South Dakota?
About $101,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in South Dakota?
At South Dakota's typical effective rate of 1.04%, about $3,625 a year. Rates vary by county and city — see the county pages.