The typical owner-occupied home in Belle Fourche is worth about $222,500, 14% below the South Dakota median of $257,400 and 33% below the national median of $332,700. Owners pay a median $2,266 a year in property taxes, about 1.02% of their home's value, close to the South Dakota rate of 1.06%. The median household earns $65,071 a year, so the median home costs 3.4 times the median income (3.4 times for South Dakota). 65% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Belle Fourche at a glance
| Belle Fourche | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $222,500 | $257,400 | $332,700 |
| Median property tax paid per year | $2,266 | $2,724 | $3,119 |
| Property tax as a share of value | 1.02% | 1.06% | 0.94% |
| Median household income | $65,071 | $75,081 | $80,734 |
| Homes lived in by their owners | 65% | 69% | 65% |
| Owner homes with a mortgage | 61% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,597 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 20.4% | 21.0% |
| Median rent | $983 | $946 | $1,413 |
| Rent as a share of renters' income | 29.0% | 25.9% | 30.6% |
| Median year homes were built | 1978 | 1980 | 1980 |
| Vacant homes | 6.5% | 10.5% | 10.1% |
| Population | 5,804 | 907,428 | 334,922,499 |
What a typical home costs per month in Belle Fourche
At this week's average 30-year rate of 7.11%, buying the median Belle Fourche home of $222,500 with 20% down costs about $1,479 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,850, 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 $63,396 for the 20%-down payment. That payment is 27% of the median Belle Fourche household income of $65,071; at that income and 20% down, the 28% guideline points to a home of about $228,000.
The median rent here is $983 a month, so owning the median home costs about $496 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,500 |
|---|---|
| Loan amount | $178,000 |
| Principal and interest | $1,197 |
| Property taxes (1.02% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| PMI | $0 |
| Total per month | $1,479 |
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| Down payment | $7,788 |
|---|---|
| Loan amount | $218,470 |
| Principal and interest | $1,470 |
| Property taxes (1.02% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| FHA mortgage insurance | $98 |
| Total per month | $1,850 |
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Questions about home buying in Belle Fourche
What is the median home value in Belle Fourche?
About $222,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Belle Fourche?
Homeowners pay a median $2,266 a year, which is about 1.02% 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 Belle Fourche?
For the median home with 20% down at 7.11%, the payment is about $1,479 a month. Keeping that under 28% of gross income takes about $63,396 a year.
More about Belle Fourche
- Mortgage Refinance in Belle Fourche
- Debt Relief in Belle Fourche
- Home Equity Loans in Belle Fourche
- 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