Skip to main content
Advertiser Disclosure
We do receive compensation from some partners whose offers appear on this page. We have not reviewed all available products or offers. Compensation may impact the order in which offers appear on page, but our editorial opinions and ratings are not influenced by compensation.

The Ascent Logo The Ascent Logo - Blue circle with an A in it and the ascent a motley fool company to the right of that

  • Credit Cards
  • Banking
  • Brokerages
  • Loans
  • Mortgages
  • Knowledge
  • Latest Picks
  • Search Icon Click here to search

Credit Cards

Top Picks
  • Best of January 2021
  • Cash Back
  • Balance Transfer
  • Travel
  • 0% APR
  • Rewards
  • Bad Credit
Knowledge
  • Beginners Guide to Credit Cards
  • How to Rebuild Your Credit
  • Maximize Your Credit Card Rewards
  • Learn More About Credit Cards
Credit Card Tools
  • Compare Cards
Looking for a new credit card?

Explore the best credit cards in every category as of January 2021.

Get started!

Banking

Top Picks
  • Best Savings Accounts
  • Best Bank Accounts
  • Best Money Market Accounts
  • Best CDs
  • Best Checking Account Bonuses
Knowledge
  • Beginners Guide to Banking
  • Everything You Need to Know About Savings
  • Money Market Accounts Made Easy
  • Learn More About Banking
Looking for a place to park your cash?

Check out our top picks of the best online savings accounts for January 2021.

Get Started!

Brokerages

Top Picks
  • Best Brokers of January 2021
  • Best Online Brokers for Beginners
  • Best Options Brokers
  • Best IRA Accounts
  • Best Roth IRA Accounts
  • Best Robo Advisors
Knowledge
  • How to Open a Brokerage Account
  • Beginner's Guide to Brokerages
  • Learn More About Brokerage
Just getting started?

Explore our picks of the best brokerage accounts for beginners for January 2021.

Get Started!

Loans

Top Picks
  • Best Loans of January 2021
  • Best Personal Loans for Bad Credit
  • Best Loans for Debt Consolidation
  • Best Low-Interest Personal Loans
  • Best Personal Loans for Good Credit
  • Best Personal Loans for Fair Credit
Knowledge
  • Personal Loans Made Easy
  • Debt Consolidation Guide
  • How to Pay Off Debt
  • Learn More About Loans
Thinking about taking out a loan?

Before you apply for a personal loan, here's what you need to know.

Get Started!

Mortgages

Top Picks
  • Best Mortgage Lenders of January 2021
  • Best Mortgage Lenders for Poor Credit
  • Best Refinance Lenders
  • Best VA Mortgage Lenders
Knowledge
  • First Time Homebuyers Guide
  • Home Loans Made Easy
  • The Complete Guide to Refinancing
  • How to Get a Mortgage with Bad Credit
  • Learn More About Mortgages
Tools & Calculators
  • Mortgage Calculator
Compare Rates
  • Today's Mortgage Rates
  • Refinance Rates
  • 15-Year Mortgage Rates
  • 20-Year Mortgage Rates
  • 30-Year Mortgage Rates
  • Jumbo Mortgage Rates
  • VA Loan Rates
  • 5/1 ARM Rates
  • 7/1 ARM Rates
  • FHA Mortgage Rates

Knowledge

Knowledge Section
  • All Articles
  • Credit Card Articles
  • Banking Articles
  • Brokerage Articles
  • Personal Loan Articles
  • Mortgage Articles
  • Personal Finance Articles
Recent Articles
  • Should You Keep Your Amex Platinum Card if You Don't Plan to Travel This Year?

    Credit Cards

    Should You Keep Your Amex Platinum Card if You Don't Plan to Travel This Year?
  • This Is the Most Popular Mortgage Lender in the U.S.

    Mortgages

    This Is the Most Popular Mortgage Lender in the U.S.
  • What Credit Score Do I Need for a Discover Credit Card?

    Credit Cards

    What Credit Score Do I Need for a Discover Credit Card?
  • Stimulus Check Update: Biden to Push Additional Aid Upon Taking Office

    Personal Finance

    Stimulus Check Update: Biden to Push Additional Aid Upon Taking Office
  • The Ascent
  • Best Mortgage Lenders
  • Today's Mortgage Rates

Mortgage Rates in South Dakota

January 21, 2021

The Ascent is reader-supported: we may earn a commission from offers on this page. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.

Home buyers can find the best mortgage rates in South Dakota by comparing the rates and loan terms offered by different kinds of mortgage lenders, including banks, online lenders, and credit unions. Mortgage rates vary by lender, but are also affected by your financial situation, including credit score and how much you want to borrow. That's what makes shopping around so important.

To help you compare rates, check out today’s mortgage rates in South Dakota below.

Current Mortgage and Refinance Rates in South Dakota

Rates As of Jan 20, 2021
Product Interest Rate Average Points/Credits
Fixed 30 Year 2.724% -0.324
Fixed 30 Year - FHA 2.542% -1.526
Fixed 30 Year 2.861% -0.503
Fixed 20 Year 2.740% -0.593
Fixed 15 Year 2.285% -0.949
The Ascent's Mortgage Rates Tracking Methodology

5 affordable places to live in South Dakota

It can be much more affordable to become an owner in some parts of South Dakota than in others. Here are five places in the state recognized for low cost of living.

1. Sioux Falls

Sioux Falls is not just South Dakota's most affordable city, it's also one of the least costly cities in the entire United States. According to Niche, Sioux Falls ranks 35th in all of America. Around 61% of residents of this city own their homes. Niche also pegs Sioux Falls as one of the 10 best cities in the country in which to buy a home. A median home value of $175,100 -- just under the national average -- is one reason why purchasing here is accessible. The Wild Water West Waterpark and Falls Park ensure locals have access to plenty of outdoor activities. However, Tax-Rates.org says property taxes in Minnehaha County are some of the highest in the U.S. -- average taxes come in at 1.42% of assessed fair market value.

2. Huron

Huron has a population of just over 13,000, and ranks fourth for lowest cost of living in the state. It's also the most diverse place in South Dakota, and one of the top 20 locales for young professionals. Low home prices here make it especially attractive to buyers, with a median value of $89,900. Around 60% of residents own their homes. Beadle County's property taxes are even costlier than those in Sioux Falls, averaging 1.61% of assessed fair market value.

3. Pierre

This town has slightly more residents than Huron -- almost 14,000. It's also the fifth-best place to live in South Dakota, as well as the sixth most diverse place, and the sixth-best place to raise a family. Around 63% of Pierre residents own their homes. Houses here have a median value of $171,000, a bit below the national average. Hughes County property taxes are relatively high, averaging 1.28% of assessed fair market value.

4. Yankton

Yankton is the second-largest of the towns on our list, with 14,500 residents. It's ranked 11th among the best places for young professionals in South Dakota, and holds the same ranking on the lists of best places to live and of diverse locales in the state. It provides residents with plenty of opportunity for fun, as it's home to Westside Park, Fantle Memorial Park, and the Missouri Recreational River, which forms part of the border of Nebraska and South Dakota. Fifty-eight percent of people own their homes here, and houses have a median value of $140,000. Yankton County property taxes are relatively high, with an average rate of 1.38% of assessed fair market value.

5. Aberdeen

Aberdeen was named 13th-best place in South Dakota, and it's also one of the more affordable large towns in the state. The majority of residents are owners here, with only 41% renting. Median home values of $149,100 help make becoming an owner affordable, although Brown County has a relatively high average property tax rate of 1.44% of median home value.

Although you can't choose your location based on price alone, where you buy makes a big difference. Finding the best mortgage rates in South Dakota can also make a big impact on total costs, so be sure to shop carefully when choosing your new home and when choosing which mortgage lender is right for you. Check out our mortgage calculator to help you estimate your monthly payment, including principal, interest, insurance, taxes, and PMI.

Select the state you want to see mortgage rates for:

Alabama mortgage rates Alaska mortgage rates Arizona mortgage rates Arkansas mortgage rates California mortgage rates Colorado mortgage rates Connecticut mortgage rates Washington DC mortgage rates Delaware mortgage rates Florida mortgage rates Georgia mortgage rates Hawaii mortgage rates Idaho mortgage rates Illinois mortgage rates Indiana mortgage rates Iowa mortgage rates Kansas mortgage rates Kentucky mortgage rates Louisiana mortgage rates Maine mortgage rates Maryland mortgage rates Massachusetts mortgage rates Michigan mortgage rates Minnesota mortgage rates Mississippi mortgage rates Missouri mortgage rates Montana mortgage rates Nebraska mortgage rates Nevada mortgage rates New Hampshire mortgage rates New Jersey mortgage rates New Mexico mortgage rates New York mortgage rates North Carolina mortgage rates North Dakota mortgage rates Ohio mortgage rates Oklahoma mortgage rates Oregon mortgage rates Pennsylvania mortgage rates Rhode Island mortgage rates South Carolina mortgage rates South Dakota mortgage rates Tennessee mortgage rates Texas mortgage rates Utah mortgage rates Vermont mortgage rates Virginia mortgage rates Washington mortgage rates West Virginia mortgage rates Wisconsin mortgage rates Wyoming mortgage rates

Check out more mortgage rates:

15-year mortgage rates

20-year mortgage rates

30-year mortgage rates

Refinance mortgage rates

FHA mortgage rates

Jumbo mortgage rates

VA loan rates

5/1 ARM rates

7/1 ARM rates

Like this page? Share it!

Blue Facebook Icon Share this website with Facebook
Blue Twitter Icon Share this website with Twitter
Blue LinkedIn Icon Share this website with LinkedIn
Blue Mail Icon Share this website by email

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.

The Ascent Logo

The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.

btn_facebook-yellow btn_twitter-yellow btn_instagram-yellow

Copyright © 2018 - 2021 The Ascent. All rights reserved.

About The Ascent
About Us Contact Us Newsroom How We Make Money Editorial Integrity Ratings Methodology
Legal
Terms of Use Privacy Policy Accessibility Policy Terms and Conditions Copyright, Trademark and Patent Information
Learn
Credit Cards Banking Brokerage Loans Recent Articles

By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.

Back to The Motley Fool