The typical owner-occupied home in Menno is worth about $111,500, 57% below the South Dakota median of $257,400 and 66% below the national median of $332,700. Owners pay a median $1,520 a year in property taxes, about 1.36% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $65,833 a year, so the median home costs 1.7 times the median income (3.4 times for South Dakota). 74% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Menno at a glance
| Menno | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $111,500 | $257,400 | $332,700 |
| Median property tax paid per year | $1,520 | $2,724 | $3,119 |
| Property tax as a share of value | 1.36% | 1.06% | 0.94% |
| Median household income | $65,833 | $75,081 | $80,734 |
| Homes lived in by their owners | 74% | 69% | 65% |
| Owner homes with a mortgage | 34% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $975 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 15.9% | 20.4% | 21.0% |
| Median rent | $396 | $946 | $1,413 |
| Rent as a share of renters' income | 22.0% | 25.9% | 30.6% |
| Median year homes were built | 1956 | 1980 | 1980 |
| Vacant homes | 11.5% | 10.5% | 10.1% |
| Population | 653 | 907,428 | 334,922,499 |
What a typical home costs per month in Menno
At this week's average 30-year rate of 7.11%, buying the median Menno home of $111,500 with 20% down costs about $773 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $959, 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 $33,123 for the 20%-down payment. That payment is 14% of the median Menno household income of $65,833; at that income and 20% down, the 28% guideline points to a home of about $222,000.
The median rent here is $396 a month, so owning the median home costs about $377 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,300 |
|---|---|
| Loan amount | $89,200 |
| Principal and interest | $600 |
| Property taxes (1.36% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $773 |
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| Down payment | $3,902 |
|---|---|
| Loan amount | $109,480 |
| Principal and interest | $736 |
| Property taxes (1.36% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $959 |
Change the numbers in the calculator
Questions about home buying in Menno
What is the median home value in Menno?
About $111,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Menno?
Homeowners pay a median $1,520 a year, which is about 1.36% 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 Menno?
For the median home with 20% down at 7.11%, the payment is about $773 a month. Keeping that under 28% of gross income takes about $33,123 a year.
More about Menno
- Mortgage Refinance in Menno
- Debt Relief in Menno
- Home Equity Loans in Menno
- 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