Mortgage payment estimates, closing cost breakdowns, and homebuying data for Huron, South Dakota.
Median Home Price
$175K
Population
13K
Avg Monthly Rent
$750
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 Huron.
Huron vs South Dakota Median
The median home price in Huron is $175,000, which is 41% below the South Dakota state median of $295,000.
Mortgage Calculator — Huron, SD
Pre-filled with Huron median home price and South Dakota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $175K home using South Dakota's 1.22% tax rate and $2,300/yr insurance.
5% Down
$1,517/mo
Down: $8,750
Loan: $166K
P&I: $1,051
Tax: $178
Insurance: $192
PMI: $97
10% Down
$1,457/mo
Down: $17,500
Loan: $158K
P&I: $996
Tax: $178
Insurance: $192
PMI: $92
20% Down (No PMI)
$1,254/mo
Down: $35,000
Loan: $140K
P&I: $885
Tax: $178
Insurance: $192
Income needed (28% rule): $54K/year with 20% down, $62K/year with 10% down.
Rent vs Buy in Huron
Rent
$750/mo
vs
Buy (10% down)
$1,457/mo
Price-to-rent ratio: 19.4 — A ratio between 15-20 means the rent vs buy decision in Huron depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Huron is $175,000, 41% below the South Dakota state median of $295,000. With a population of 13,289, Huron 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 $175,000 home in Huron would carry roughly $178/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 Huron is $750/month. The price-to-rent ratio in Huron is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Huron 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 Huron.