Calculate your monthly mortgage payment in South Dakota. Pre-filled with South Dakota's median home price of $295,000 and an average property tax rate of 1.14%.
Est. Monthly Payment
$2,143
Principal & Interest
$1,740
Property Tax / mo
$280
Total Interest Paid
$360,797
| Home Price | $295,000 | Median home price in South Dakota (2025) |
| Down Payment | 10% ($29,500) | Typical down payment percentage |
| Loan Amount | $265,500 | Home price minus down payment |
| Interest Rate | 6.85% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 1.14% / year | South Dakota average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
SDHDA Fixed Rate Plus, Governor's House Program
Cost of living: Low · Population: 886,667
South Dakota has a median home price of approximately $295,000, placing it below the national median. With a 10% down payment of $29,500, a typical buyer would finance $265,500 over 30 years. At a 6.85% fixed rate, the monthly principal and interest payment comes to $1,740.
Property taxes in South Dakota average 1.14% of the assessed home value annually — one of the moderate rates in the country. Combined with an estimated $123 for homeowners insurance, your all-in monthly housing cost is approximately $2,143.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $91,831 to qualify comfortably. The median household income in South Dakota is $59,533.
