Cost of Ownership · South Dakota

The true cost of owning a home in South Dakota

For a median $236,800 home in South Dakota, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$1,788/mo

PITI + PMI

True monthly cost

$1,986/mo

everything, incl. upkeep

The gap

+$197/mo

what approval leaves out

Principal & interest$1,337/mo

Property tax$216/mo

Homeowners insurance$146/mo

PMI (LTV > 80%)$89/mo

Maintenance reserve$197/mo

True monthly cost$1,986/mo

Effective property-tax rate

1.09%

Avg. homeowners premium

$1,756/yr

NFIP flood claims on record

4,017

These figures use South Dakota’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how South Dakota ranks on property tax and insurance, or browse every state.