The typical owner-occupied home in Hayti is worth about $122,600, 52% below the South Dakota median of $257,400 and 63% below the national median of $332,700. Owners pay a median $1,563 a year in property taxes, about 1.27% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $83,750 a year, so the median home costs 1.5 times the median income (3.4 times for South Dakota). 60% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Hayti at a glance
| Hayti | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $122,600 | $257,400 | $332,700 |
| Median property tax paid per year | $1,563 | $2,724 | $3,119 |
| Property tax as a share of value | 1.27% | 1.06% | 0.94% |
| Median household income | $83,750 | $75,081 | $80,734 |
| Homes lived in by their owners | 60% | 69% | 65% |
| Owner homes with a mortgage | 59% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,521 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 20.4% | 21.0% |
| Median rent | $778 | $946 | $1,413 |
| Rent as a share of renters' income | 22.0% | 25.9% | 30.6% |
| Median year homes were built | 1965 | 1980 | 1980 |
| Vacant homes | 7.9% | 10.5% | 10.1% |
| Population | 444 | 907,428 | 334,922,499 |
What a typical home costs per month in Hayti
At this week's average 30-year rate of 7.11%, buying the median Hayti home of $122,600 with 20% down costs about $841 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,045, 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 $36,027 for the 20%-down payment. That payment is 12% of the median Hayti household income of $83,750; at that income and 20% down, the 28% guideline points to a home of about $285,000.
The median rent here is $778 a month, so owning the median home costs about $63 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,520 |
|---|---|
| Loan amount | $98,080 |
| Principal and interest | $660 |
| Property taxes (1.27% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $841 |
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| Down payment | $4,291 |
|---|---|
| Loan amount | $120,379 |
| Principal and interest | $810 |
| Property taxes (1.27% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $1,045 |
Change the numbers in the calculator
Questions about home buying in Hayti
What is the median home value in Hayti?
About $122,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hayti?
Homeowners pay a median $1,563 a year, which is about 1.27% 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 Hayti?
For the median home with 20% down at 7.11%, the payment is about $841 a month. Keeping that under 28% of gross income takes about $36,027 a year.
More about Hayti
- Mortgage Refinance in Hayti
- Debt Relief in Hayti
- Home Equity Loans in Hayti
- 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