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Estimate your monthly mortgage payment in South Dakota, including principal & interest, property taxes (1.22% effective rate), and homeowners insurance. Based on 2025 rates and South Dakota median home prices.
Enter your exact home price, down payment, and rate to see a precise monthly breakdown.
Open Mortgage Calculator →Median Home Price
$310k
2024 estimate
Property Tax Rate
1.22%
Effective rate/yr
Est. Monthly Tax
$315
On median home
Total PITI/Month
$2,094
20% down, 30yr
Based on median home price of $310,000, 20% down ($62,000), loan amount $248,000, 6.84% 30-year fixed.
Principal & Interest
6.84% rate, 30yr
$1,623
South Dakota Property Tax
1.22%/yr = $3,782/yr
$315
Homeowners Insurance
Est. 0.6%/yr of home value
$155
Total Monthly PITI
Principal, Interest, Tax, Insurance
$2,094
* Does not include HOA fees, PMI (if applicable), or utilities.
All examples assume 20% down payment. Property tax rate: 1.22%.
| Home Price | Loan Amount | 30yr P&I | 15yr P&I | Total PITI (30yr) |
|---|---|---|---|---|
| $150,000 | $120,000 | $786 | $1,019 | $1,013 |
| $200,000 | $160,000 | $1,047 | $1,359 | $1,351 |
| $250,000 | $200,000 | $1,309 | $1,699 | $1,688 |
| $300,000 | $240,000 | $1,571 | $2,038 | $2,026 |
| $350,000 | $280,000 | $1,833 | $2,378 | $2,364 |
| $400,000 | $320,000 | $2,095 | $2,718 | $2,701 |
| $450,000 | $360,000 | $2,357 | $3,057 | $3,039 |
| $500,000 | $400,000 | $2,618 | $3,397 | $3,377 |
| $600,000 | $480,000 | $3,142 | $4,076 | $4,052 |
| $750,000 | $600,000 | $3,928 | $5,096 | $5,065 |
* 30yr at 6.84%, 15yr at 6.1%. PITI = P&I + property tax + insurance.
Most lenders require housing costs to stay below 28–31% of gross monthly income.
| Home Price | Monthly PITI | Min. Annual Income (28%) | Min. Annual Income (25%) |
|---|---|---|---|
| $150,000 | $1,013/mo | $43,415 | $48,624 |
| $250,000 | $1,688/mo | $72,358 | $81,041 |
| $310,000Median | $2,094/mo | $89,724 | $100,491 |
| $500,000 | $3,377/mo | $144,716 | $162,082 |
| $750,000 | $5,065/mo | $217,074 | $243,122 |
Based on South Dakota's 2024 median home price of $310,000 (20% down, 30-year fixed at 6.84%), the estimated monthly PITI payment is $2,094. This includes principal & interest ($1,623), property tax ($315/month), and homeowners insurance ($155/month).
South Dakota's effective property tax rate is approximately 1.22% of assessed home value per year. On a $310,000 home, that equals about $315/month or $3,782/year in property taxes.
To afford the median South Dakota home ($310,000) with a 20% down payment, you typically need annual gross income of approximately $89,724 to $100,491 — keeping housing costs at 25–28% of gross income. This is a common lender guideline. With a larger down payment or lower mortgage rate, the required income decreases.
In South Dakota, you can buy a home with as little as 3% down (conventional loan) or 3.5% down (FHA loan). However, putting down less than 20% typically requires private mortgage insurance (PMI), adding $50–$200+/month to your payment. On a $310,000 home: 3% down = $9,300, 10% down = $31,000, 20% down = $62,000.
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