The typical owner-occupied home in Wakpala is worth about $62,500, 76% below the South Dakota median of $257,400 and 81% below the national median of $332,700. The median household earns $20,938 a year, so the median home costs 3.0 times the median income (3.4 times for South Dakota). 32% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Wakpala at a glance
| Wakpala | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $62,500 | $257,400 | $332,700 |
| Median property tax paid per year | – | $2,724 | $3,119 |
| Median household income | $20,938 | $75,081 | $80,734 |
| Homes lived in by their owners | 32% | 69% | 65% |
| Owner homes with a mortgage | 0% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,680 | $1,963 |
| Median rent | $450 | $946 | $1,413 |
| Rent as a share of renters' income | 35.0% | 25.9% | 30.6% |
| Median year homes were built | 1991 | 1980 | 1980 |
| Vacant homes | 12.8% | 10.5% | 10.1% |
| Population | 144 | 907,428 | 334,922,499 |
What a typical home costs per month in Wakpala
At this week's average 30-year rate of 7.11%, buying the median Wakpala home of $62,500 with 20% down costs about $420 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $524, 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 $17,986 for the 20%-down payment. That payment is 24% of the median Wakpala household income of $20,938; at that income and 20% down, the 28% guideline points to a home of about $73,000.
The median rent here is $450 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,500 |
|---|---|
| Loan amount | $50,000 |
| Principal and interest | $336 |
| Property taxes (1.10% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $420 |
Change the numbers in the calculator
| Down payment | $2,188 |
|---|---|
| Loan amount | $61,368 |
| Principal and interest | $413 |
| Property taxes (1.10% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $524 |
Change the numbers in the calculator
Questions about home buying in Wakpala
What is the median home value in Wakpala?
About $62,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Wakpala?
For the median home with 20% down at 7.11%, the payment is about $420 a month. Keeping that under 28% of gross income takes about $17,986 a year.
More about Wakpala
- Mortgage Refinance in Wakpala
- Debt Relief in Wakpala
- Home Equity Loans in Wakpala
- 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