The typical owner-occupied home in Wolsey is worth about $101,200, 61% below the South Dakota median of $257,400 and 70% below the national median of $332,700. Owners pay a median $1,083 a year in property taxes, about 1.07% of their home's value, close to the South Dakota rate of 1.06%. The median household earns $57,500 a year, so the median home costs 1.8 times the median income (3.4 times for South Dakota). 74% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Wolsey at a glance
| Wolsey | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $101,200 | $257,400 | $332,700 |
| Median property tax paid per year | $1,083 | $2,724 | $3,119 |
| Property tax as a share of value | 1.07% | 1.06% | 0.94% |
| Median household income | $57,500 | $75,081 | $80,734 |
| Homes lived in by their owners | 74% | 69% | 65% |
| Owner homes with a mortgage | 49% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,431 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 20.4% | 21.0% |
| Median rent | $739 | $946 | $1,413 |
| Rent as a share of renters' income | 32.2% | 25.9% | 30.6% |
| Median year homes were built | 1972 | 1980 | 1980 |
| Vacant homes | 2.4% | 10.5% | 10.1% |
| Population | 692 | 907,428 | 334,922,499 |
What a typical home costs per month in Wolsey
At this week's average 30-year rate of 7.11%, buying the median Wolsey home of $101,200 with 20% down costs about $677 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $846, 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 $29,015 for the 20%-down payment. That payment is 14% of the median Wolsey household income of $57,500; at that income and 20% down, the 28% guideline points to a home of about $201,000.
The median rent here is $739 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,240 |
|---|---|
| Loan amount | $80,960 |
| Principal and interest | $545 |
| Property taxes (1.07% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $677 |
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| Down payment | $3,542 |
|---|---|
| Loan amount | $99,367 |
| Principal and interest | $668 |
| Property taxes (1.07% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $45 |
| Total per month | $846 |
Change the numbers in the calculator
Questions about home buying in Wolsey
What is the median home value in Wolsey?
About $101,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wolsey?
Homeowners pay a median $1,083 a year, which is about 1.07% 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 Wolsey?
For the median home with 20% down at 7.11%, the payment is about $677 a month. Keeping that under 28% of gross income takes about $29,015 a year.
More about Wolsey
- Mortgage Refinance in Wolsey
- Debt Relief in Wolsey
- Home Equity Loans in Wolsey
- 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