Calculate your monthly mortgage payment in South Dakota. Pre-filled with South Dakota's typical home value of $321,600 (Zillow Home Value Index, August 2026) and an effective property tax rate of 1.02% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$2,124
Principal & Interest
$1,717
Property Tax / mo
$273
Total Interest Paid
$360,796
| Home Price | $321,600 | Typical home value in South Dakota — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($64,320) | Assumption — no sourced state average |
| Loan Amount | $257,280 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a South Dakota rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 1.02% / year | South Dakota effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for South Dakota: SDHDA Fixed Rate Plus, Governor's House Program. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the South Dakota housing finance agency before you rely on it.
Cost of living: Moderate (index 93.5, MERIC (C2ER index), Second Quarter 2026) · Population: 935,094 (Census Bureau estimate, July 1, 2025)
South Dakota has a typical home value of about $321,600 (Zillow Home Value Index, August 2026), below the U.S. typical value of $368,700. With an assumed 20% down payment of $64,320, a buyer would finance $257,280 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $1,717.
The effective property tax rate in South Dakota — median real estate taxes paid divided by median home value — is 1.02% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $134 a month for homeowners insurance, the estimated all-in monthly housing cost is about $2,124.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $91,023 to qualify comfortably. The median household income in South Dakota is $76,881 (Census ACS 2024 1-year).
