The typical owner-occupied home in Hecla is worth about $47,100, 82% below the South Dakota median of $257,400 and 86% below the national median of $332,700. Owners pay a median $1,217 a year in property taxes, about 2.58% of their home's value, higher than the South Dakota rate of 1.06%. 94% of occupied homes here are lived in by their owners, and 5% of those owners still have a mortgage.
Hecla at a glance
| Hecla | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $47,100 | $257,400 | $332,700 |
| Median property tax paid per year | $1,217 | $2,724 | $3,119 |
| Property tax as a share of value | 2.58% | 1.06% | 0.94% |
| Median household income | – | $75,081 | $80,734 |
| Homes lived in by their owners | 94% | 69% | 65% |
| Owner homes with a mortgage | 5% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,188 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 13.1% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1961 | 1980 | 1980 |
| Vacant homes | 36.5% | 10.5% | 10.1% |
| Population | 182 | 907,428 | 334,922,499 |
What a typical home costs per month in Hecla
At this week's average 30-year rate of 7.11%, buying the median Hecla home of $47,100 with 20% down costs about $374 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $453, 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 $16,044 for the 20%-down payment.
| Down payment | $9,420 |
|---|---|
| Loan amount | $37,680 |
| Principal and interest | $253 |
| Property taxes (2.58% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| PMI | $0 |
| Total per month | $374 |
Change the numbers in the calculator
| Down payment | $1,648 |
|---|---|
| Loan amount | $46,247 |
| Principal and interest | $311 |
| Property taxes (2.58% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| FHA mortgage insurance | $21 |
| Total per month | $453 |
Change the numbers in the calculator
Questions about home buying in Hecla
What is the median home value in Hecla?
About $47,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hecla?
Homeowners pay a median $1,217 a year, which is about 2.58% 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 Hecla?
For the median home with 20% down at 7.11%, the payment is about $374 a month. Keeping that under 28% of gross income takes about $16,044 a year.
More about Hecla
- Mortgage Refinance in Hecla
- Debt Relief in Hecla
- Home Equity Loans in Hecla
- 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