The typical owner-occupied home in Artesian is worth about $87,500, 66% below the South Dakota median of $257,400 and 74% below the national median of $332,700. Owners pay a median $1,058 a year in property taxes, about 1.21% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $61,806 a year, so the median home costs 1.4 times the median income (3.4 times for South Dakota). 89% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Artesian at a glance
| Artesian | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $87,500 | $257,400 | $332,700 |
| Median property tax paid per year | $1,058 | $2,724 | $3,119 |
| Property tax as a share of value | 1.21% | 1.06% | 0.94% |
| Median household income | $61,806 | $75,081 | $80,734 |
| Homes lived in by their owners | 89% | 69% | 65% |
| Owner homes with a mortgage | 47% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,021 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 20.4% | 21.0% |
| Median rent | $783 | $946 | $1,413 |
| Rent as a share of renters' income | 51.0% | 25.9% | 30.6% |
| Median year homes were built | 1943 | 1980 | 1980 |
| Vacant homes | 22.5% | 10.5% | 10.1% |
| Population | 148 | 907,428 | 334,922,499 |
What a typical home costs per month in Artesian
At this week's average 30-year rate of 7.11%, buying the median Artesian home of $87,500 with 20% down costs about $596 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $741, 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 $25,525 for the 20%-down payment. That payment is 12% of the median Artesian household income of $61,806; at that income and 20% down, the 28% guideline points to a home of about $212,000.
The median rent here is $783 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,500 |
|---|---|
| Loan amount | $70,000 |
| Principal and interest | $471 |
| Property taxes (1.21% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $596 |
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| Down payment | $3,062 |
|---|---|
| Loan amount | $85,915 |
| Principal and interest | $578 |
| Property taxes (1.21% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $39 |
| Total per month | $741 |
Change the numbers in the calculator
Questions about home buying in Artesian
What is the median home value in Artesian?
About $87,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Artesian?
Homeowners pay a median $1,058 a year, which is about 1.21% 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 Artesian?
For the median home with 20% down at 7.11%, the payment is about $596 a month. Keeping that under 28% of gross income takes about $25,525 a year.
More about Artesian
- Mortgage Refinance in Artesian
- Debt Relief in Artesian
- Home Equity Loans in Artesian
- 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