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Lender Tables
The lenders whose rates and other terms appear on this chart are ICBs advertising partners they provide their rate information to our data partner RateUpdatecom Unless adjusted by the consumer advertisers are sorted by APR lowest to highest For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart Advertising partners may not pay to improve the frequency priority or prominence of their display The interest rates annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums The actual payment obligation will be greater if taxes and insurance are included Although our data partner RateUpdatecom collects the information from the financial institutions themselves the accuracy of the data cannot be guaranteed Rates may change without notice and can change intraday Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders Please verify the rates and offers before applying for a loan with the financial institution themselves No rate is binding until locked by a lender
Compare South Dakota mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in South Dakota.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in South Dakota. Plus, shopping lenders is free and there is no obligation.
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South Dakota Mortgage Rates as of August 2, 2025
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's South Dakota Mortgage Rates
August 2, 2025
Current mortgage rates in South Dakota are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)
Mortgage Program
Today's South Dakota Rates
National Average
Comparison
30 Year Fixed Rate
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6.670%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%
How Affordable is Housing in South Dakota?
Below we offer valuable insights on the housing market and real estate prices in South Dakota. Understand how much you need to make to buy a house in South Dakota, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in South Dakota is affordable for you. We provide this helpful information to help you decide if living in South Dakota is right for you.
The median home value for South Dakota is $225,544
Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in South Dakota is $47,052
With this income, you could qualify for a $202,990 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in South Dakota is $1,090
The median household income for South Dakota is $65,855
Based on this income, you can afford a home valued at approximately $315,673
The home price you can afford to buy based on household income in South Dakota is 140% of the median home value which means housing prices are affordable. South Dakota ranks 13 out of 50 states for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the real estate market in South Dakota is affordable
Additional Mortgage Resources for South Dakota Residents