The typical owner-occupied home in South Shore is worth about $86,800, 66% below the South Dakota median of $257,400 and 74% below the national median of $332,700. Owners pay a median $884 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 $56,944 a year, so the median home costs 1.5 times the median income (3.4 times for South Dakota). 87% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
South Shore at a glance
| South Shore | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $86,800 | $257,400 | $332,700 |
| Median property tax paid per year | $884 | $2,724 | $3,119 |
| Property tax as a share of value | 1.02% | 1.06% | 0.94% |
| Median household income | $56,944 | $75,081 | $80,734 |
| Homes lived in by their owners | 87% | 69% | 65% |
| Owner homes with a mortgage | 37% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,018 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 20.4% | 21.0% |
| Median rent | $642 | $946 | $1,413 |
| Rent as a share of renters' income | 23.8% | 25.9% | 30.6% |
| Median year homes were built | 1963 | 1980 | 1980 |
| Vacant homes | 27.4% | 10.5% | 10.1% |
| Population | 183 | 907,428 | 334,922,499 |
What a typical home costs per month in South Shore
At this week's average 30-year rate of 7.11%, buying the median South Shore home of $86,800 with 20% down costs about $577 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $722, 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 $24,732 for the 20%-down payment. That payment is 12% of the median South Shore household income of $56,944; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $642 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,360 |
|---|---|
| Loan amount | $69,440 |
| Principal and interest | $467 |
| Property taxes (1.02% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $577 |
Change the numbers in the calculator
| Down payment | $3,038 |
|---|---|
| Loan amount | $85,228 |
| Principal and interest | $573 |
| Property taxes (1.02% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $722 |
Change the numbers in the calculator
Questions about home buying in South Shore
What is the median home value in South Shore?
About $86,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Shore?
Homeowners pay a median $884 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 South Shore?
For the median home with 20% down at 7.11%, the payment is about $577 a month. Keeping that under 28% of gross income takes about $24,732 a year.
More about South Shore
- Mortgage Refinance in South Shore
- Debt Relief in South Shore
- Home Equity Loans in South Shore
- 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