The typical owner-occupied home in White Lake is worth about $62,900, 76% below the South Dakota median of $257,400 and 81% below the national median of $332,700. Owners pay a median $1,250 a year in property taxes, about 1.99% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $48,889 a year, so the median home costs 1.3 times the median income (3.4 times for South Dakota). 74% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
White Lake at a glance
| White Lake | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $62,900 | $257,400 | $332,700 |
| Median property tax paid per year | $1,250 | $2,724 | $3,119 |
| Property tax as a share of value | 1.99% | 1.06% | 0.94% |
| Median household income | $48,889 | $75,081 | $80,734 |
| Homes lived in by their owners | 74% | 69% | 65% |
| Owner homes with a mortgage | 33% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $983 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 11.7% | 20.4% | 21.0% |
| Median rent | $667 | $946 | $1,413 |
| Rent as a share of renters' income | 26.0% | 25.9% | 30.6% |
| Median year homes were built | 1954 | 1980 | 1980 |
| Vacant homes | 19.8% | 10.5% | 10.1% |
| Population | 469 | 907,428 | 334,922,499 |
What a typical home costs per month in White Lake
At this week's average 30-year rate of 7.11%, buying the median White Lake home of $62,900 with 20% down costs about $469 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $574, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $20,101 for the 20%-down payment. That payment is 12% of the median White Lake household income of $48,889; at that income and 20% down, the 28% guideline points to a home of about $153,000.
The median rent here is $667 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,580 |
|---|---|
| Loan amount | $50,320 |
| Principal and interest | $339 |
| Property taxes (1.99% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $469 |
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| Down payment | $2,202 |
|---|---|
| Loan amount | $61,761 |
| Principal and interest | $415 |
| Property taxes (1.99% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $574 |
Change the numbers in the calculator
Questions about home buying in White Lake
What is the median home value in White Lake?
About $62,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in White Lake?
Homeowners pay a median $1,250 a year, which is about 1.99% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in White Lake?
For the median home with 20% down at 7.11%, the payment is about $469 a month. Keeping that under 28% of gross income takes about $20,101 a year.
More about White Lake
- Mortgage Refinance in White Lake
- Debt Relief in White Lake
- Home Equity Loans in White Lake
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data