The typical owner-occupied home in Kranzburg is worth about $156,600, 39% below the South Dakota median of $257,400 and 53% below the national median of $332,700. Owners pay a median $1,639 a year in property taxes, about 1.05% of their home's value, close to the South Dakota rate of 1.06%. The median household earns $74,375 a year, so the median home costs 2.1 times the median income (3.4 times for South Dakota). 76% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Kranzburg at a glance
| Kranzburg | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $156,600 | $257,400 | $332,700 |
| Median property tax paid per year | $1,639 | $2,724 | $3,119 |
| Property tax as a share of value | 1.05% | 1.06% | 0.94% |
| Median household income | $74,375 | $75,081 | $80,734 |
| Homes lived in by their owners | 76% | 69% | 65% |
| Owner homes with a mortgage | 44% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,000 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 13.8% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1950 | 1980 | 1980 |
| Vacant homes | 3.3% | 10.5% | 10.1% |
| Population | 175 | 907,428 | 334,922,499 |
What a typical home costs per month in Kranzburg
At this week's average 30-year rate of 7.11%, buying the median Kranzburg home of $156,600 with 20% down costs about $1,045 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,306, 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 $44,788 for the 20%-down payment. That payment is 17% of the median Kranzburg household income of $74,375; at that income and 20% down, the 28% guideline points to a home of about $260,000.
| Down payment | $31,320 |
|---|---|
| Loan amount | $125,280 |
| Principal and interest | $843 |
| Property taxes (1.05% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,045 |
Change the numbers in the calculator
| Down payment | $5,481 |
|---|---|
| Loan amount | $153,764 |
| Principal and interest | $1,034 |
| Property taxes (1.05% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,306 |
Change the numbers in the calculator
Questions about home buying in Kranzburg
What is the median home value in Kranzburg?
About $156,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kranzburg?
Homeowners pay a median $1,639 a year, which is about 1.05% 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 Kranzburg?
For the median home with 20% down at 7.11%, the payment is about $1,045 a month. Keeping that under 28% of gross income takes about $44,788 a year.
More about Kranzburg
- Mortgage Refinance in Kranzburg
- Debt Relief in Kranzburg
- Home Equity Loans in Kranzburg
- 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