The typical owner-occupied home in Hosmer is worth about $59,600, 77% below the South Dakota median of $257,400 and 82% below the national median of $332,700. Owners pay a median $555 a year in property taxes, about 0.93% of their home's value, lower than the South Dakota rate of 1.06%. The median household earns $65,096 a year, so the median home costs 0.9 times the median income (3.4 times for South Dakota). 95% of occupied homes here are lived in by their owners, and 14% of those owners still have a mortgage.
Hosmer at a glance
| Hosmer | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $59,600 | $257,400 | $332,700 |
| Median property tax paid per year | $555 | $2,724 | $3,119 |
| Property tax as a share of value | 0.93% | 1.06% | 0.94% |
| Median household income | $65,096 | $75,081 | $80,734 |
| Homes lived in by their owners | 95% | 69% | 65% |
| Owner homes with a mortgage | 14% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,750 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1949 | 1980 | 1980 |
| Vacant homes | 15.5% | 10.5% | 10.1% |
| Population | 289 | 907,428 | 334,922,499 |
What a typical home costs per month in Hosmer
At this week's average 30-year rate of 7.11%, buying the median Hosmer home of $59,600 with 20% down costs about $392 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $491, 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 $16,790 for the 20%-down payment. That payment is 7% of the median Hosmer household income of $65,096; at that income and 20% down, the 28% guideline points to a home of about $231,000.
| Down payment | $11,920 |
|---|---|
| Loan amount | $47,680 |
| Principal and interest | $321 |
| Property taxes (0.93% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $392 |
Change the numbers in the calculator
| Down payment | $2,086 |
|---|---|
| Loan amount | $58,520 |
| Principal and interest | $394 |
| Property taxes (0.93% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $26 |
| Total per month | $491 |
Change the numbers in the calculator
Questions about home buying in Hosmer
What is the median home value in Hosmer?
About $59,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hosmer?
Homeowners pay a median $555 a year, which is about 0.93% 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 Hosmer?
For the median home with 20% down at 7.11%, the payment is about $392 a month. Keeping that under 28% of gross income takes about $16,790 a year.
More about Hosmer
- Mortgage Refinance in Hosmer
- Debt Relief in Hosmer
- Home Equity Loans in Hosmer
- 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