The typical owner-occupied home in Hazel is worth about $145,800, 43% below the South Dakota median of $257,400 and 56% below the national median of $332,700. Owners pay a median $1,571 a year in property taxes, about 1.08% of their home's value, close to the South Dakota rate of 1.06%. The median household earns $117,250 a year, so the median home costs 1.2 times the median income (3.4 times for South Dakota). 96% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Hazel at a glance
| Hazel | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $145,800 | $257,400 | $332,700 |
| Median property tax paid per year | $1,571 | $2,724 | $3,119 |
| Property tax as a share of value | 1.08% | 1.06% | 0.94% |
| Median household income | $117,250 | $75,081 | $80,734 |
| Homes lived in by their owners | 96% | 69% | 65% |
| Owner homes with a mortgage | 60% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,217 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 12.3% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1938 | 1980 | 1980 |
| Vacant homes | 14.0% | 10.5% | 10.1% |
| Population | 199 | 907,428 | 334,922,499 |
What a typical home costs per month in Hazel
At this week's average 30-year rate of 7.11%, buying the median Hazel home of $145,800 with 20% down costs about $977 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,220, 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 $41,855 for the 20%-down payment. That payment is 10% of the median Hazel household income of $117,250; at that income and 20% down, the 28% guideline points to a home of about $408,000.
| Down payment | $29,160 |
|---|---|
| Loan amount | $116,640 |
| Principal and interest | $785 |
| Property taxes (1.08% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $977 |
Change the numbers in the calculator
| Down payment | $5,103 |
|---|---|
| Loan amount | $143,159 |
| Principal and interest | $963 |
| Property taxes (1.08% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $64 |
| Total per month | $1,220 |
Change the numbers in the calculator
Questions about home buying in Hazel
What is the median home value in Hazel?
About $145,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hazel?
Homeowners pay a median $1,571 a year, which is about 1.08% 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 Hazel?
For the median home with 20% down at 7.11%, the payment is about $977 a month. Keeping that under 28% of gross income takes about $41,855 a year.
More about Hazel
- Mortgage Refinance in Hazel
- Debt Relief in Hazel
- Home Equity Loans in Hazel
- 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