The typical owner-occupied home in Eureka is worth about $78,200, 70% below the South Dakota median of $257,400 and 76% below the national median of $332,700. Owners pay a median $1,028 a year in property taxes, about 1.31% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $47,583 a year, so the median home costs 1.6 times the median income (3.4 times for South Dakota). 82% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Eureka at a glance
| Eureka | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $78,200 | $257,400 | $332,700 |
| Median property tax paid per year | $1,028 | $2,724 | $3,119 |
| Property tax as a share of value | 1.31% | 1.06% | 0.94% |
| Median household income | $47,583 | $75,081 | $80,734 |
| Homes lived in by their owners | 82% | 69% | 65% |
| Owner homes with a mortgage | 22% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $952 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 20.4% | 21.0% |
| Median rent | $557 | $946 | $1,413 |
| Rent as a share of renters' income | 26.4% | 25.9% | 30.6% |
| Median year homes were built | 1958 | 1980 | 1980 |
| Vacant homes | 24.8% | 10.5% | 10.1% |
| Population | 778 | 907,428 | 334,922,499 |
What a typical home costs per month in Eureka
At this week's average 30-year rate of 7.11%, buying the median Eureka home of $78,200 with 20% down costs about $539 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $669, 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 $23,091 for the 20%-down payment. That payment is 14% of the median Eureka household income of $47,583; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $557 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,640 |
|---|---|
| Loan amount | $62,560 |
| Principal and interest | $421 |
| Property taxes (1.31% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $539 |
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| Down payment | $2,737 |
|---|---|
| Loan amount | $76,784 |
| Principal and interest | $517 |
| Property taxes (1.31% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $669 |
Change the numbers in the calculator
Questions about home buying in Eureka
What is the median home value in Eureka?
About $78,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Eureka?
Homeowners pay a median $1,028 a year, which is about 1.31% 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 Eureka?
For the median home with 20% down at 7.11%, the payment is about $539 a month. Keeping that under 28% of gross income takes about $23,091 a year.
More about Eureka
- Mortgage Refinance in Eureka
- Debt Relief in Eureka
- Home Equity Loans in Eureka
- 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