Mortgage payment estimates, closing cost breakdowns, and homebuying data for Mobridge, South Dakota.
Median Home Price
$155K
Population
3K
Avg Monthly Rent
$680
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 Mobridge.
Mobridge vs South Dakota Median
The median home price in Mobridge is $155,000, which is 47% below the South Dakota state median of $295,000.
Mortgage Calculator — Mobridge, SD
Pre-filled with Mobridge median home price and South Dakota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using South Dakota's 1.22% tax rate and $2,300/yr insurance.
5% Down
$1,366/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $158
Insurance: $192
PMI: $86
10% Down
$1,312/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $158
Insurance: $192
PMI: $81
20% Down (No PMI)
$1,133/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $158
Insurance: $192
Income needed (28% rule): $49K/year with 20% down, $56K/year with 10% down.
Rent vs Buy in Mobridge
Rent
$680/mo
vs
Buy (10% down)
$1,312/mo
Price-to-rent ratio: 19.0 — A ratio between 15-20 means the rent vs buy decision in Mobridge 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 Mobridge is $155,000, 47% below the South Dakota state median of $295,000. With a population of 3,386, Mobridge 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 $155,000 home in Mobridge would carry roughly $158/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 Mobridge is $680/month. The price-to-rent ratio in Mobridge is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Mobridge 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 Mobridge.