The typical owner-occupied home in Sanborn County is worth about $135,600, 47% below the South Dakota median of $257,400 and 59% below the national median of $332,700. Owners pay a median $1,586 a year in property taxes, about 1.17% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $78,750 a year, so the median home costs 1.7 times the median income (3.4 times for South Dakota). 79% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Sanborn County at a glance
| Sanborn County | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $135,600 | $257,400 | $332,700 |
| Median property tax paid per year | $1,586 | $2,724 | $3,119 |
| Property tax as a share of value | 1.17% | 1.06% | 0.94% |
| Median household income | $78,750 | $75,081 | $80,734 |
| Homes lived in by their owners | 79% | 69% | 65% |
| Owner homes with a mortgage | 36% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,298 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 20.4% | 21.0% |
| Median rent | $725 | $946 | $1,413 |
| Rent as a share of renters' income | 28.4% | 25.9% | 30.6% |
| Median year homes were built | 1958 | 1980 | 1980 |
| Vacant homes | 19.0% | 10.5% | 10.1% |
| Population | 2,384 | 907,428 | 334,922,499 |
What a typical home costs per month in Sanborn County
At this week's average 30-year rate of 7.11%, buying the median Sanborn County home of $135,600 with 20% down costs about $918 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,144, 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 $39,363 for the 20%-down payment. That payment is 14% of the median Sanborn County household income of $78,750; at that income and 20% down, the 28% guideline points to a home of about $271,000.
The median rent here is $725 a month, so owning the median home costs about $193 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,120 |
|---|---|
| Loan amount | $108,480 |
| Principal and interest | $730 |
| Property taxes (1.17% a year) | $132 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $918 |
Change the numbers in the calculator
| Down payment | $4,746 |
|---|---|
| Loan amount | $133,144 |
| Principal and interest | $896 |
| Property taxes (1.17% a year) | $132 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $60 |
| Total per month | $1,144 |
Change the numbers in the calculator
Questions about home buying in Sanborn County
What is the median home value in Sanborn County?
About $135,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sanborn County?
Homeowners pay a median $1,586 a year, which is about 1.17% 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 Sanborn County?
For the median home with 20% down at 7.11%, the payment is about $918 a month. Keeping that under 28% of gross income takes about $39,363 a year.
More about Sanborn County
- Mortgage Refinance in Sanborn County
- Debt Relief in Sanborn County
- Home Equity Loans in Sanborn County
- 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