South Dakota home prices and mortgage costs
Typical home value $317,874 · +2.3% in a year · property tax 1.04%
South Dakota ranks 31st most expensive of 51 states and D.C. Home values changed +2.3% over the past year and +23.3% over five years. Buying the typical home with 20% down costs about $2,144 a month at 7.11%, which needs a household income of about $91,900.
Cost of the typical South Dakota home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $63,575 | $254,299 | $1,711 | $0 | $433 | $2,144 | $91,900 |
| 10% down | $31,787 | $286,087 | $1,925 | $119 | $433 | $2,477 | $106,200 |
| 5% down | $15,894 | $301,981 | $2,031 | $126 | $433 | $2,591 | $111,000 |
| 3.5% down (FHA) | $11,126 | $312,117 | $2,100 | $141 | $433 | $2,674 | $114,600 |
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.
Check a specific budget: how much house you can afford in South Dakota by salary · payment on a $300K home in South Dakota
Home prices by county in South Dakota
| County | Typical home | 1-yr change | Tax rate | Payment / month | Income needed |
|---|---|---|---|---|---|
| Custer County | $492,902 | -1.0% | 0.77% | $3,217 | $137,900 |
| Lawrence County | $442,665 | -0.7% | 0.79% | $2,896 | $124,100 |
| Meade County | $393,336 | +4.5% | 1.01% | $2,643 | $113,300 |
| Lincoln County | $381,169 | +0.7% | 1.15% | $2,606 | $111,700 |
| Pennington County | $363,102 | +1.8% | 1.08% | $2,463 | $105,500 |
| Butte County | $360,624 | +3.7% | 0.93% | $2,399 | $102,800 |
| Union County | $355,956 | +2.7% | 1.1% | $2,420 | $103,700 |
| Hamlin County | $340,142 | +12.2% | 1.11% | $2,315 | $99,200 |
| Codington County | $335,543 | +3.1% | 0.97% | $2,245 | $96,200 |
| Brookings County | $327,004 | +6.1% | 1.13% | $2,230 | $95,600 |
| Minnehaha County | $325,224 | +1.3% | 1.14% | $2,222 | $95,200 |
| Moody County | $315,215 | +8.0% | 1.1% | $2,144 | $91,900 |
| Lake County | $312,689 | +2.4% | 1.03% | $2,107 | $90,300 |
| Stanley County | $302,274 | +0.8% | 1.32% | $2,109 | $90,400 |
| Deuel County | $298,508 | +6.2% | 0.82% | $1,960 | $84,000 |
| Hughes County | $293,735 | +3.0% | 1.1% | $1,997 | $85,600 |
| Turner County | $292,101 | -3.5% | 0.98% | $1,956 | $83,800 |
| McCook County | $290,879 | +5.1% | 1.06% | $1,968 | $84,400 |
| Charles Mix County | $288,274 | +8.6% | 1.1% | $1,960 | $84,000 |
| Clay County | $283,158 | +2.8% | 1.26% | $1,964 | $84,200 |
| Fall River County | $279,704 | +0.0% | 1% | $1,879 | $80,500 |
| Yankton County | $279,512 | +2.4% | 1.06% | $1,890 | $81,000 |
| Sully County | $271,237 | -0.2% | 0.83% | $1,784 | $76,500 |
| Day County | $264,912 | +6.3% | 0.98% | $1,773 | $76,000 |
| Brule County | $251,994 | +16.1% | 0.96% | $1,683 | $72,100 |
| Davison County | $251,322 | +1.0% | 1.23% | $1,735 | $74,400 |
| Hand County | $250,964 | +7.9% | 0.89% | $1,662 | $71,200 |
| Brown County | $244,812 | +5.3% | 1.18% | $1,680 | $72,000 |
| Kingsbury County | $244,163 | +2.4% | 1.01% | $1,641 | $70,300 |
| Grant County | $241,790 | +10.1% | 0.91% | $1,606 | $68,800 |
| Marshall County | $237,533 | +7.1% | 0.87% | $1,569 | $67,200 |
| Sanborn County | $236,814 | +2.8% | 1.17% | $1,624 | $69,600 |
| Jerauld County | $235,678 | +4.8% | 0.84% | $1,551 | $66,500 |
| Hutchinson County | $230,600 | +10.7% | 1.15% | $1,576 | $67,600 |
| Roberts County | $228,684 | +12.2% | 0.97% | $1,529 | $65,500 |
| Harding County | $227,589 | +14.6% | 1.12% | $1,551 | $66,500 |
| Edmunds County | $222,665 | +5.2% | 0.8% | $1,459 | $62,500 |
| Potter County | $210,868 | +1.3% | 1.42% | $1,489 | $63,800 |
| Clark County | $208,648 | -2.2% | 0.88% | $1,380 | $59,100 |
| Tripp County | $195,710 | +4.6% | 0.95% | $1,306 | $56,000 |
| Campbell County | $191,493 | +9.2% | 1.18% | $1,315 | $56,300 |
| Miner County | $191,455 | +0.6% | 0.92% | $1,272 | $54,500 |
| Bennett County | $191,335 | +8.4% | 0.98% | $1,282 | $54,900 |
| Beadle County | $190,822 | +3.0% | 1.09% | $1,295 | $55,500 |
| Spink County | $171,479 | +11.2% | 1.28% | $1,192 | $51,100 |
| Bon Homme County | $167,171 | +5.6% | 1.27% | $1,161 | $49,700 |
| Perkins County | $158,791 | -0.7% | 1.29% | $1,105 | $47,300 |
| Corson County | $155,734 | +1.3% | 1.45% | $1,104 | $47,300 |
| Walworth County | $132,385 | -0.0% | 1.31% | $923 | $39,600 |
| Jackson County | $128,953 | -2.7% | 0.65% | $828 | $35,500 |
Metro areas in South Dakota
Frequently asked questions
What is the average home price in South Dakota?
The typical home in South Dakota is worth $317,874 according to the Zillow Home Value Index for September 2026.
How much income do you need to buy a house in South Dakota?
About $91,900 a year to buy the typical $317,874 home with 20% down at 7.11%, keeping housing under 28% of income.
What is the property tax rate in South Dakota?
The typical effective rate is 1.04% of the home's value a year (median taxes paid divided by median home value, Census ACS 2025).