South Dakota variant. This is a South Dakota-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $290,000 and an effective property tax rate of 1.17%, a typical South Dakota mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a South Dakota mortgage payment
On the $290,000 median home with 20% down ($58,000), you'd finance about $232,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,466/month.
South Dakota's 1.17% effective property tax adds about $283/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in South Dakota
South Dakota levies no state income tax on individuals.
South Dakota's effective property tax rate is near 1.17%, with median home values around $290,000.
South Dakota's economy is built on agriculture, financial services, and tourism centered on the Black Hills.
Worked example: $290,000 home in South Dakota
Price $290,000, 20% down ($58,000), loan $232,000 at 6.5% for 30 years → P&I ≈ $1,466/mo. Add property tax ≈ $283/mo (1.17% of value ÷ 12). Total before insurance ≈ $1,749/mo.
Quick reference
- State income tax: No state income tax
- State sales tax: 4.2% (plus 1.91% avg local)
- Median home value: $290,000
- Median household income: $71,810
- Effective property tax rate: 1.17%
- Avg auto insurance: $1,830/yr
Frequently Asked Questions
How much is a mortgage on a $290,000 South Dakota home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,466/month, before South Dakota's 1.17% property tax and insurance.
What is the property tax rate in South Dakota?
South Dakota's effective property tax rate is about 1.17% of home value per year.