CALCMONEY // MORTGAGE // SD // SIOUX FALLS
Calculate your monthly mortgage payment using Sioux Falls-specific property tax rates and local market data.
$295,000
6.95%
1.14%
91
| Principal & Interest | $1,562 |
| Property Tax | $280 |
| Homeowners Insurance (est.) | $98 |
| Total Monthly Payment (PITI) | $1,941 |
$59,000
$326,391
$83,176/yr
$295,000 buys the median home in Sioux Falls right now. With 20% down, that's a $59,000 down payment and a $236,000 loan, set against a $70,000 median household income.
At a 1.14% effective rate, Sioux Falls property taxes add $280 to the monthly payment on the median home, $3,363 a year in total.
No state income tax in South Dakota means the $70,000 median household income stretches further than the same salary would in an income-tax state, which matters directly against a $1,941/month payment.
Day-to-day expenses in Sioux Falls track at 91 against the national 100 baseline, below average once you look past the mortgage payment itself.
Sioux Falls's median home price runs 5% lower than nearby Rapid City: $310,000 there versus $295,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $236,000 loan saves $10,620 in interest over 30 years.
Compare Top Sioux Falls Mortgage LendersRapid City
$310,000 median
SDAberdeen
$195,000 median
SDBrookings
$235,000 median
SDWatertown
$195,000 median