Mortgage on a $450K house in South Dakota
$3,035 a month with 20% down — $2,422 principal and interest plus $388 property tax and $225 insurance.
South Dakota's typical property tax is 1.04% of the home's value a year (U.S. average 0.9%), which adds $388 a month on a $450K home. The typical home in South Dakota is worth $317,874, so $450K is 42% above the typical price.
$450K 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 | $90,000 | $360,000 | $2,422 | $0 | $613 | $3,035 | $130,100 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $613 | $3,507 | $150,300 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $613 | $3,667 | $157,200 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $613 | $3,785 | $162,200 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Lawrence County | $442,665 | 0.79% | $2,944 |
| Custer County | $492,902 | 0.77% | $2,937 |
| Meade County | $393,336 | 1.01% | $3,024 |
49 of 50 South Dakota counties tracked by Zillow have a typical home value at or below $450K. See all South Dakota home prices.
Other prices in South Dakota
Frequently asked questions
What is the mortgage on a $450K house in South Dakota?
About $3,035 a month with 20% down at 7.11%: $2,422 principal and interest, $388 property tax and $225 insurance.
How much do I need to make to buy a $450K house in South Dakota?
About $130,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in South Dakota?
At South Dakota's typical effective rate of 1.04%, about $4,661 a year. Rates vary by county and city — see the county pages.