Buying a home in South Dakota

Property taxes, transfer taxes, home values and first-time buyer help in South Dakota.

Effective property tax rate

1.06%

Median tax $2,724 ÷ median value $257,400 (ACS 2020–2024)

Typical home value

$321,574

Zillow ZHVI, 2026-08

State transfer tax

0.1%

Usually paid by: seller. S.D. Codified Laws § 43-4-21. Official source. Local taxes may add more.

Estimated buyer closing costs Estimate

$2,700–$4,500

On a $321,574 home: typical lender fees + title insurance + deed recording (TallyClose) + the buyer’s share of transfer/recording taxes. Excludes prepaids, escrow and local taxes.

At South Dakota's effective rate of 1.06%, a typical $321,574 home would owe about $3,409/year ($284/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.

First-time homebuyer programs

South Dakota Housing Development Authority

Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit South Dakota Housing Development Authority →

Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-10-15.