South Dakota (SD) Mortgage Rates Today
Track mortgage interest rates in South Dakota. Current data, local market context, and a payment calculator for SD homebuyers.
South Dakota Housing Market Overview
South Dakota has no state income tax and affordable housing, with Sioux Falls the dominant market. The market is small and stable.
Mortgage rates in South Dakota generally track the national average, with variations based on local lender competition, state-specific programs for first-time buyers, and regional economic conditions. The Sioux Falls metro area typically represents the most active housing market in the state.
South Dakota Mortgage Calculator
Mortgage Calculator
Estimate only. Does not include taxes, insurance, PMI, or HOA fees.
Frequently Asked Questions
What is the average mortgage rate in South Dakota?
The average 30-year fixed mortgage rate in South Dakota is approximately 6.74%. Actual rates depend on your credit score, down payment, loan amount, and lender.
What is the median home price in South Dakota?
The median home price in South Dakota is approximately $305,000. This varies significantly by city and region within the state.
How do SD mortgage rates compare to the national average?
South Dakota mortgage rates are generally close to the national average but can vary based on local lender competition, state regulations, and property tax levels.
Should I buy a home in South Dakota now?
The decision to buy depends on your personal finances, job stability, and how long you plan to stay. South Dakota's housing market has its own dynamics. Consult a local real estate professional.