Hanson County, SD real estate

What the numbers say

Hanson County, SD real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Hanson County pay a median of $1,979 a year in property taxes on a median home value of $191,200, an effective rate of about 1.04%. The South Dakota average is 1.06%, which makes Hanson County the #35 lowest-tax of 65 counties in the state with published tax data.

Renters pay a median of $782 a month, and $777 for a two-bedroom. At today's prices a typical home costs about 20 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $191,000 home here comes to about $1,287 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $55,000 a year (the median household here earns $81,071).