The typical owner-occupied home in Vale is worth about $50,400, 80% below the South Dakota median of $257,400 and 85% below the national median of $332,700. Owners pay a median $1,019 a year in property taxes, about 2.02% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $40,455 a year, so the median home costs 1.2 times the median income (3.4 times for South Dakota). 88% of occupied homes here are lived in by their owners, and 14% of those owners still have a mortgage.
Vale at a glance
| Vale | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $50,400 | $257,400 | $332,700 |
| Median property tax paid per year | $1,019 | $2,724 | $3,119 |
| Property tax as a share of value | 2.02% | 1.06% | 0.94% |
| Median household income | $40,455 | $75,081 | $80,734 |
| Homes lived in by their owners | 88% | 69% | 65% |
| Owner homes with a mortgage | 14% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,680 | $1,963 |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1943 | 1980 | 1980 |
| Vacant homes | 0.0% | 10.5% | 10.1% |
| Population | 73 | 907,428 | 334,922,499 |
What a typical home costs per month in Vale
At this week's average 30-year rate of 7.11%, buying the median Vale home of $50,400 with 20% down costs about $377 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $461, 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 $16,161 for the 20%-down payment. That payment is 11% of the median Vale household income of $40,455; at that income and 20% down, the 28% guideline points to a home of about $126,000.
| Down payment | $10,080 |
|---|---|
| Loan amount | $40,320 |
| Principal and interest | $271 |
| Property taxes (2.02% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $21 |
| PMI | $0 |
| Total per month | $377 |
Change the numbers in the calculator
| Down payment | $1,764 |
|---|---|
| Loan amount | $49,487 |
| Principal and interest | $333 |
| Property taxes (2.02% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $21 |
| FHA mortgage insurance | $22 |
| Total per month | $461 |
Change the numbers in the calculator
Questions about home buying in Vale
What is the median home value in Vale?
About $50,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vale?
Homeowners pay a median $1,019 a year, which is about 2.02% 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 Vale?
For the median home with 20% down at 7.11%, the payment is about $377 a month. Keeping that under 28% of gross income takes about $16,161 a year.
More about Vale
- Mortgage Refinance in Vale
- Debt Relief in Vale
- Home Equity Loans in Vale
- 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