The typical owner-occupied home in Mellette is worth about $201,000, 22% below the South Dakota median of $257,400 and 40% below the national median of $332,700. Owners pay a median $1,911 a year in property taxes, about 0.95% of their home's value, lower than the South Dakota rate of 1.06%. The median household earns $106,964 a year, so the median home costs 1.9 times the median income (3.4 times for South Dakota). 86% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Mellette at a glance
| Mellette | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $201,000 | $257,400 | $332,700 |
| Median property tax paid per year | $1,911 | $2,724 | $3,119 |
| Property tax as a share of value | 0.95% | 1.06% | 0.94% |
| Median household income | $106,964 | $75,081 | $80,734 |
| Homes lived in by their owners | 86% | 69% | 65% |
| Owner homes with a mortgage | 54% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,241 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 14.8% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Rent as a share of renters' income | 15.8% | 25.9% | 30.6% |
| Median year homes were built | 1985 | 1980 | 1980 |
| Vacant homes | 16.5% | 10.5% | 10.1% |
| Population | 199 | 907,428 | 334,922,499 |
What a typical home costs per month in Mellette
At this week's average 30-year rate of 7.11%, buying the median Mellette home of $201,000 with 20% down costs about $1,325 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,659, 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 $56,768 for the 20%-down payment. That payment is 15% of the median Mellette household income of $106,964; at that income and 20% down, the 28% guideline points to a home of about $379,000.
| Down payment | $40,200 |
|---|---|
| Loan amount | $160,800 |
| Principal and interest | $1,082 |
| Property taxes (0.95% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,325 |
Change the numbers in the calculator
| Down payment | $7,035 |
|---|---|
| Loan amount | $197,359 |
| Principal and interest | $1,328 |
| Property taxes (0.95% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $89 |
| Total per month | $1,659 |
Change the numbers in the calculator
Questions about home buying in Mellette
What is the median home value in Mellette?
About $201,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mellette?
Homeowners pay a median $1,911 a year, which is about 0.95% 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 Mellette?
For the median home with 20% down at 7.11%, the payment is about $1,325 a month. Keeping that under 28% of gross income takes about $56,768 a year.
More about Mellette
- Mortgage Refinance in Mellette
- Debt Relief in Mellette
- Home Equity Loans in Mellette
- 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