The typical owner-occupied home in Yale is worth about $151,700, 41% below the South Dakota median of $257,400 and 54% below the national median of $332,700. Owners pay a median $1,128 a year in property taxes, about 0.74% of their home's value, lower than the South Dakota rate of 1.06%. The median household earns $62,917 a year, so the median home costs 2.4 times the median income (3.4 times for South Dakota). 85% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Yale at a glance
| Yale | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $151,700 | $257,400 | $332,700 |
| Median property tax paid per year | $1,128 | $2,724 | $3,119 |
| Property tax as a share of value | 0.74% | 1.06% | 0.94% |
| Median household income | $62,917 | $75,081 | $80,734 |
| Homes lived in by their owners | 85% | 69% | 65% |
| Owner homes with a mortgage | 62% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $954 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1938 | 1980 | 1980 |
| Vacant homes | 5.8% | 10.5% | 10.1% |
| Population | 122 | 907,428 | 334,922,499 |
What a typical home costs per month in Yale
At this week's average 30-year rate of 7.11%, buying the median Yale home of $151,700 with 20% down costs about $973 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,226, 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 $41,707 for the 20%-down payment. That payment is 19% of the median Yale household income of $62,917; at that income and 20% down, the 28% guideline points to a home of about $229,000.
| Down payment | $30,340 |
|---|---|
| Loan amount | $121,360 |
| Principal and interest | $816 |
| Property taxes (0.74% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $973 |
Change the numbers in the calculator
| Down payment | $5,310 |
|---|---|
| Loan amount | $148,952 |
| Principal and interest | $1,002 |
| Property taxes (0.74% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,226 |
Change the numbers in the calculator
Questions about home buying in Yale
What is the median home value in Yale?
About $151,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Yale?
Homeowners pay a median $1,128 a year, which is about 0.74% 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 Yale?
For the median home with 20% down at 7.11%, the payment is about $973 a month. Keeping that under 28% of gross income takes about $41,707 a year.
More about Yale
- Mortgage Refinance in Yale
- Debt Relief in Yale
- Home Equity Loans in Yale
- 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