The typical owner-occupied home in Chamberlain is worth about $224,300, 13% below the South Dakota median of $257,400 and 33% below the national median of $332,700. Owners pay a median $2,498 a year in property taxes, about 1.11% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $76,761 a year, so the median home costs 2.9 times the median income (3.4 times for South Dakota). 68% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Chamberlain at a glance
| Chamberlain | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $224,300 | $257,400 | $332,700 |
| Median property tax paid per year | $2,498 | $2,724 | $3,119 |
| Property tax as a share of value | 1.11% | 1.06% | 0.94% |
| Median household income | $76,761 | $75,081 | $80,734 |
| Homes lived in by their owners | 68% | 69% | 65% |
| Owner homes with a mortgage | 42% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,569 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 20.4% | 21.0% |
| Median rent | $818 | $946 | $1,413 |
| Rent as a share of renters' income | 23.4% | 25.9% | 30.6% |
| Median year homes were built | 1971 | 1980 | 1980 |
| Vacant homes | 15.8% | 10.5% | 10.1% |
| Population | 2,588 | 907,428 | 334,922,499 |
What a typical home costs per month in Chamberlain
At this week's average 30-year rate of 7.11%, buying the median Chamberlain home of $224,300 with 20% down costs about $1,508 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,882, 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 $64,630 for the 20%-down payment. That payment is 24% of the median Chamberlain household income of $76,761; at that income and 20% down, the 28% guideline points to a home of about $266,000.
The median rent here is $818 a month, so owning the median home costs about $690 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,860 |
|---|---|
| Loan amount | $179,440 |
| Principal and interest | $1,207 |
| Property taxes (1.11% a year) | $207 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| PMI | $0 |
| Total per month | $1,508 |
Change the numbers in the calculator
| Down payment | $7,850 |
|---|---|
| Loan amount | $220,237 |
| Principal and interest | $1,482 |
| Property taxes (1.11% a year) | $207 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| FHA mortgage insurance | $99 |
| Total per month | $1,882 |
Change the numbers in the calculator
Questions about home buying in Chamberlain
What is the median home value in Chamberlain?
About $224,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chamberlain?
Homeowners pay a median $2,498 a year, which is about 1.11% 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 Chamberlain?
For the median home with 20% down at 7.11%, the payment is about $1,508 a month. Keeping that under 28% of gross income takes about $64,630 a year.
More about Chamberlain
- Mortgage Refinance in Chamberlain
- Debt Relief in Chamberlain
- Home Equity Loans in Chamberlain
- 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