The typical owner-occupied home in Edgemont is worth about $103,000, 60% below the South Dakota median of $257,400 and 69% below the national median of $332,700. Owners pay a median $1,505 a year in property taxes, about 1.46% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $62,692 a year, so the median home costs 1.6 times the median income (3.4 times for South Dakota). 87% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Edgemont at a glance
| Edgemont | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $103,000 | $257,400 | $332,700 |
| Median property tax paid per year | $1,505 | $2,724 | $3,119 |
| Property tax as a share of value | 1.46% | 1.06% | 0.94% |
| Median household income | $62,692 | $75,081 | $80,734 |
| Homes lived in by their owners | 87% | 69% | 65% |
| Owner homes with a mortgage | 51% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,220 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 20.4% | 21.0% |
| Median rent | $1,011 | $946 | $1,413 |
| Rent as a share of renters' income | 29.4% | 25.9% | 30.6% |
| Median year homes were built | 1953 | 1980 | 1980 |
| Vacant homes | 24.3% | 10.5% | 10.1% |
| Population | 860 | 907,428 | 334,922,499 |
What a typical home costs per month in Edgemont
At this week's average 30-year rate of 7.11%, buying the median Edgemont home of $103,000 with 20% down costs about $723 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $894, 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 $30,966 for the 20%-down payment. That payment is 14% of the median Edgemont household income of $62,692; at that income and 20% down, the 28% guideline points to a home of about $209,000.
The median rent here is $1,011 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,600 |
|---|---|
| Loan amount | $82,400 |
| Principal and interest | $554 |
| Property taxes (1.46% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $723 |
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| Down payment | $3,605 |
|---|---|
| Loan amount | $101,134 |
| Principal and interest | $680 |
| Property taxes (1.46% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $894 |
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Questions about home buying in Edgemont
What is the median home value in Edgemont?
About $103,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Edgemont?
Homeowners pay a median $1,505 a year, which is about 1.46% 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 Edgemont?
For the median home with 20% down at 7.11%, the payment is about $723 a month. Keeping that under 28% of gross income takes about $30,966 a year.
More about Edgemont
- Mortgage Refinance in Edgemont
- Debt Relief in Edgemont
- Home Equity Loans in Edgemont
- 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