Mortgage payment estimates, closing cost breakdowns, and homebuying data for Aberdeen, South Dakota.
Median Home Price
$215K
Population
28K
Avg Monthly Rent
$880
Property Tax Rate
1.22% *
* Property tax shown is the South Dakota state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Aberdeen.
Aberdeen vs South Dakota Median
The median home price in Aberdeen is $215,000, which is 27% below the South Dakota state median of $295,000.
Mortgage Calculator — Aberdeen, SD
Pre-filled with Aberdeen median home price and South Dakota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $215K home using South Dakota's 1.22% tax rate and $2,300/yr insurance.
5% Down
$1,820/mo
Down: $10,750
Loan: $204K
P&I: $1,291
Tax: $219
Insurance: $192
PMI: $119
10% Down
$1,746/mo
Down: $21,500
Loan: $194K
P&I: $1,223
Tax: $219
Insurance: $192
PMI: $113
20% Down (No PMI)
$1,497/mo
Down: $43,000
Loan: $172K
P&I: $1,087
Tax: $219
Insurance: $192
Income needed (28% rule): $64K/year with 20% down, $75K/year with 10% down.
Rent vs Buy in Aberdeen
Rent
$880/mo
vs
Buy (10% down)
$1,746/mo
Price-to-rent ratio: 20.4 — At a ratio above 20, renting may be more economical in Aberdeen for shorter stays. Buying costs $866 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Aberdeen is $215,000, 27% below the South Dakota state median of $295,000. With a population of 28,324, Aberdeen is a smaller market where home prices tend to be more accessible than in many parts of South Dakota.
Property taxes in South Dakota average 1.22% annually. This moderate property tax rate means a $215,000 home in Aberdeen would carry roughly $219/month in property taxes. Homeowners insurance in South Dakota runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Aberdeen is $880/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Aberdeen offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with South Dakota's SDHDA First-Time Homebuyer program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Aberdeen.