What are the median closing costs in South Dakota?

Median total closing costs — lender and third-party charges — on a home-purchase loan in South Dakota are about $5,622, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.

What is the effective property-tax rate in South Dakota?

The effective property-tax rate in South Dakota is about 1.06%, from the Census American Community Survey (median real estate taxes divided by median home value).

What does a median home cost to own each month in South Dakota?

A median $257,400 home in South Dakota costs about $2,161 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,946. Every figure is from public data.

Cost of Ownership · South Dakota

The true cost of owning a home in South Dakota

For a median $257,400 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 8, 2026Methodology true-cost-v3

Lender-approved payment

$1,946/mo

PITI + PMI

True monthly cost

$2,161/mo

everything, incl. upkeep

The gap

+$215/mo

what approval leaves out

Principal & interest$1,476/mo

Property tax$227/mo

Homeowners insurance$146/mo

PMI (LTV > 80%)$97/mo

Maintenance reserve$215/mo

True monthly cost$2,161/mo

Effective property-tax rate

1.06%

Avg. homeowners premium

$1,756/yr

NFIP flood claims on record

4,017

Closing costs in South Dakota

Median closing costs and lender origination charges on real home-purchase loans in South Dakota, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.

Median total closing costs

$5,622

Typically $3,584–$8,064

Median origination charges

$2,616

Typically $780–$4,249

Loan size	p25	Median	p75	Loans
All	$3,584	$5,622	$8,064	6,944
All	$3,474	$5,250	$7,591	7,297
< $250k	$3,024	$4,399	$5,657	2,497
< $250k	$2,953	$4,244	$5,478	3,269
$250k–$500k	$4,209	$6,491	$9,009	3,685
$250k–$500k	$4,424	$6,323	$8,965	3,407
$500k–$750k	$4,855	$8,328	$10,591	523
$500k–$750k	$4,720	$8,513	$10,737	569
> $750k	$4,348	$9,078	$12,796	193
> $750k	$6,852	$11,425	$15,465	98

Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.

Common questions about buying a home in South Dakota

What are the median closing costs in South Dakota?: Median total closing costs — lender and third-party charges — on a home-purchase loan in South Dakota are about $5,622, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
What is the effective property-tax rate in South Dakota?: The effective property-tax rate in South Dakota is about 1.06%, from the Census American Community Survey (median real estate taxes divided by median home value).
What does a median home cost to own each month in South Dakota?: A median $257,400 home in South Dakota costs about $2,161 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,946. Every figure is from public data.

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.