South Dakota Mortgage Rates
South Dakota Mortgage Calculator
Calculate your mortgage payment with current SDrates. Today's average 30-year fixed rate: 6.05%
Current South Dakota Mortgage RatesUpdated: 2026-02-05
Click on a rate to use it in the calculator. Rates shown are averages and may vary based on credit score, down payment, and lender.
Avg. Home Price
$285,000
Property Tax Rate
1.31%
FHA Loan Limit
$472,030
Major Cities
Sioux Falls, Rapid City, Aberdeen
Major Metropolitan Areas in South Dakota
Sioux FallsRapid CityAberdeenBrookingsWatertown
FAQ
South Dakota Mortgage Calculator FAQ
Everything you need to know about mortgage rates, home prices, and buying a house in South Dakota
The current average 30-year fixed mortgage rate in South Dakota is 6.05%. The 15-year fixed rate averages 5.38%, and the 5/1 ARM averages 5.82%. Rates vary by lender, credit score, and down payment.
The average home price in South Dakota is $285,000, with a median price of $258,500. Prices vary significantly by location, with major areas like Sioux Falls, Rapid City, Aberdeen typically commanding higher prices.
The average property tax rate in South Dakota is 1.31% of assessed home value. For a home valued at $285,000, this means approximately $3,734 per year in property taxes.
The FHA loan limit in South Dakota is $472,030 for single-family homes. This is the maximum mortgage amount you can borrow with an FHA loan, which requires a minimum down payment of 3.5%.
Use our South Dakota mortgage calculator above to estimate your monthly payment. Enter the home price, your down payment, loan term, and interest rate. The calculator includes property taxes, insurance, and PMI to give you a complete picture of your monthly costs.
Most lenders in South Dakota require a minimum credit score of 620 for conventional loans and 580 for FHA loans. However, to qualify for the best mortgage rates around 6.05%, you typically need a credit score of 740 or higher.
SD Current Rates
Today's average mortgage rates in South Dakota:
- 30-Year Fixed6.05%
- 15-Year Fixed5.38%
- 5/1 ARM5.82%
SD Housing Market
Key South Dakota real estate statistics:
- Avg. Home Price$285,000
- Median Price$258,500
- Property Tax1.31%
- FHA Limit$472,030
Major SD Cities
Popular metropolitan areas:
- •Sioux Falls
- •Rapid City
- •Aberdeen
- •Brookings
- •Watertown