The typical owner-occupied home in Wasta is worth about $108,800, 58% below the South Dakota median of $257,400 and 67% below the national median of $332,700. Owners pay a median $1,341 a year in property taxes, about 1.23% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $34,375 a year, so the median home costs 3.2 times the median income (3.4 times for South Dakota). 85% of occupied homes here are lived in by their owners, and 6% of those owners still have a mortgage.
Wasta at a glance
| Wasta | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $108,800 | $257,400 | $332,700 |
| Median property tax paid per year | $1,341 | $2,724 | $3,119 |
| Property tax as a share of value | 1.23% | 1.06% | 0.94% |
| Median household income | $34,375 | $75,081 | $80,734 |
| Homes lived in by their owners | 85% | 69% | 65% |
| Owner homes with a mortgage | 6% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,680 | $1,963 |
| Median rent | $775 | $946 | $1,413 |
| Rent as a share of renters' income | 38.8% | 25.9% | 30.6% |
| Median year homes were built | 1970 | 1980 | 1980 |
| Vacant homes | 18.8% | 10.5% | 10.1% |
| Population | 70 | 907,428 | 334,922,499 |
What a typical home costs per month in Wasta
At this week's average 30-year rate of 7.11%, buying the median Wasta home of $108,800 with 20% down costs about $742 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $924, 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 $31,816 for the 20%-down payment. That payment is 26% of the median Wasta household income of $34,375; at that income and 20% down, the 28% guideline points to a home of about $118,000.
The median rent here is $775 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,760 |
|---|---|
| Loan amount | $87,040 |
| Principal and interest | $586 |
| Property taxes (1.23% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $742 |
Change the numbers in the calculator
| Down payment | $3,808 |
|---|---|
| Loan amount | $106,829 |
| Principal and interest | $719 |
| Property taxes (1.23% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $924 |
Change the numbers in the calculator
Questions about home buying in Wasta
What is the median home value in Wasta?
About $108,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wasta?
Homeowners pay a median $1,341 a year, which is about 1.23% 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 Wasta?
For the median home with 20% down at 7.11%, the payment is about $742 a month. Keeping that under 28% of gross income takes about $31,816 a year.
More about Wasta
- Mortgage Refinance in Wasta
- Debt Relief in Wasta
- Home Equity Loans in Wasta
- 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