South Dakota Housing & Mortgage Data 2026
| Factor | South Dakota Data |
|---|---|
| Average Property Tax Rate | 1.14% of assessed value/year |
| Property Tax on $400k Home | ~$4,560/year ($380/mo) |
| 30-Year Fixed Rate (2026 avg) | ~6.65% (varies by lender + credit) |
| State Income Tax | None |
| Sales Tax Rate | 4.5%+ |
Monthly Payment Estimate: South Dakota
| Home Price | 20% Down | P&I (6.5%) | + South Dakota Tax/mo | Total PITI est. |
|---|---|---|---|---|
| $300,000 | $60k | $1,517 | ~$285 | ~$1,915 |
| $400,000 | $80k | $2,025 | ~$380 | ~$2,555 |
| $500,000 | $100k | $2,528 | ~$475 | ~$3,191 |
| $600,000 | $120k | $3,034 | ~$570 | ~$3,829 |
| $750,000 | $150k | $3,791 | ~$712 | ~$4,784 |
P&I = Principal & Interest at 6.5% rate, 30-year fixed. PITI adds estimated South Dakota property tax + homeowners insurance (~0.45% annually). PMI not included (assumes 20% down).
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Use the Free Calculator →Frequently Asked Questions
What is the property tax rate in South Dakota?
South Dakota's average effective property tax rate is 1.14% annually. On a $400,000 home, that's approximately $4,560/year or $380/month in taxes.
Is South Dakota expensive to buy a home in?
South Dakota's property tax rate of 1.14% is near the national average in the US. Property taxes are a manageable portion of your total housing cost.
Related: PITI Calculator · PMI Calculator · Refinance Calculator