The typical owner-occupied home in Nisland is worth about $87,100, 66% below the South Dakota median of $257,400 and 74% below the national median of $332,700. Owners pay a median $1,083 a year in property taxes, about 1.24% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $26,979 a year, so the median home costs 3.2 times the median income (3.4 times for South Dakota). 81% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Nisland at a glance
| Nisland | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $87,100 | $257,400 | $332,700 |
| Median property tax paid per year | $1,083 | $2,724 | $3,119 |
| Property tax as a share of value | 1.24% | 1.06% | 0.94% |
| Median household income | $26,979 | $75,081 | $80,734 |
| Homes lived in by their owners | 81% | 69% | 65% |
| Owner homes with a mortgage | 16% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 23.0% | 20.4% | 21.0% |
| Median rent | $913 | $946 | $1,413 |
| Rent as a share of renters' income | 51.0% | 25.9% | 30.6% |
| Median year homes were built | 1972 | 1980 | 1980 |
| Vacant homes | 29.9% | 10.5% | 10.1% |
| Population | 109 | 907,428 | 334,922,499 |
What a typical home costs per month in Nisland
At this week's average 30-year rate of 7.11%, buying the median Nisland home of $87,100 with 20% down costs about $595 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $740, 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 $25,502 for the 20%-down payment. That payment is 26% of the median Nisland household income of $26,979; at that income and 20% down, the 28% guideline points to a home of about $92,000.
The median rent here is $913 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,420 |
|---|---|
| Loan amount | $69,680 |
| Principal and interest | $469 |
| Property taxes (1.24% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $595 |
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| Down payment | $3,048 |
|---|---|
| Loan amount | $85,522 |
| Principal and interest | $575 |
| Property taxes (1.24% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $39 |
| Total per month | $740 |
Change the numbers in the calculator
Questions about home buying in Nisland
What is the median home value in Nisland?
About $87,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nisland?
Homeowners pay a median $1,083 a year, which is about 1.24% 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 Nisland?
For the median home with 20% down at 7.11%, the payment is about $595 a month. Keeping that under 28% of gross income takes about $25,502 a year.
More about Nisland
- Mortgage Refinance in Nisland
- Debt Relief in Nisland
- Home Equity Loans in Nisland
- 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