South Dakota

Current South Dakota Mortgage Rates

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.

South Dakota Mortgage Rates as of September 24, 2023
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. 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

September 24, 2023

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
South Dakota Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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

Mortgage Rates for South Dakota Cities

Aberdeen Mortgage Rates

Brookings Mortgage Rates

Harrisburg Mortgage Rates

Rapid City Mortgage Rates

Sioux Falls Mortgage Rates