South Dakota Mortgage Calculator

The Home Price field is pre-filled with South Dakota's median home value (about $300,000). Override with your target home's actual price for a property-specific estimate.

The Property Tax Rate is pre-filled with South Dakota's average effective rate of 1.31%. Within South Dakota, rates vary by county — if you know your specific local rate from your county assessor or last tax bill, override it for a more precise estimate.

The Home Insurance default reflects South Dakota's typical annual premium of approximately $3,000.

Adjust the Down Payment slider to compare scenarios. Below 20% down triggers PMI; the calculator adds it automatically and flags it.

The South Dakota median home, in dollar terms. At $300,000 with a 20% down payment, you bring $60,000 to closing (plus closing costs) and take out a $240,000 mortgage. At today's 6.50% 30-year fixed rate, your monthly principal and interest is roughly $1,517.

South Dakota's ongoing housing costs. The state's average property tax rate of 1.31% produces about $3,930 per year on a median-priced home — typically paid through escrow with your mortgage. Insurance averages $3,000/year in South Dakota.

Total monthly payment (PITI) on the median South Dakota home works out to about $2,094/month at current rates with 20% down and no HOA. Putting less down adds PMI; HOA dues add separately if your specific neighborhood requires them.

Your specific city matters. Median home prices vary widely within South Dakota — major cities are usually 30-100% above the state median, rural areas can be well below. For city-specific calculators with local home prices pre-filled, use the city links below.