Sioux Falls, SD mortgage calculator

Sioux Falls
Mortgage
Calculator

Sioux Falls is South Dakota's largest city and a major banking hub, benefiting from the state's lack of income tax and business-friendly regulations. Minnehaha County's property tax rate is close to the statewide average.

1.25% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$1,951
P&I · Taxes · Insurance
Total interest
$304,971
Principal & Interest$1,514/mo
Property Tax (1.25%)$313/mo
Homeowners Insurance$125/mo

Recommended for incomes above $85k/yr (28% DTI rule)

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1.25%
Sioux Falls area property tax rate
$300,000
Sioux Falls median home price
$1,951
est. monthly payment at defaults

Sioux Falls housing market

$300,000
Median home price
$62,000
Median household income
202,078
City population

The 1.25% property tax rate reflects the county-level effective rate for Sioux Falls and is used to calculate your monthly tax escrow above. This rate may differ from the statewide South Dakota average — county-level data produces more accurate monthly payment estimates for Sioux Falls buyers. Many Sioux Falls properties also carry HOA fees — the area average is approximately $100/month, which is not included in the calculator above.

Rate history

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