The typical owner-occupied home in Mission is worth about $65,900, 74% below the South Dakota median of $257,400 and 80% below the national median of $332,700. Owners pay a median $962 a year in property taxes, about 1.46% of their home's value, higher than the South Dakota rate of 1.06%. 49% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Mission at a glance
| Mission | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $65,900 | $257,400 | $332,700 |
| Median property tax paid per year | $962 | $2,724 | $3,119 |
| Property tax as a share of value | 1.46% | 1.06% | 0.94% |
| Median household income | – | $75,081 | $80,734 |
| Homes lived in by their owners | 49% | 69% | 65% |
| Owner homes with a mortgage | 21% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $934 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 20.4% | 21.0% |
| Median rent | $432 | $946 | $1,413 |
| Rent as a share of renters' income | 31.5% | 25.9% | 30.6% |
| Median year homes were built | 1992 | 1980 | 1980 |
| Vacant homes | 12.1% | 10.5% | 10.1% |
| Population | 1,539 | 907,428 | 334,922,499 |
What a typical home costs per month in Mission
At this week's average 30-year rate of 7.11%, buying the median Mission home of $65,900 with 20% down costs about $462 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $572, 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 $19,812 for the 20%-down payment.
The median rent here is $432 a month, so owning the median home costs about $30 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $13,180 |
|---|---|
| Loan amount | $52,720 |
| Principal and interest | $355 |
| Property taxes (1.46% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $462 |
Change the numbers in the calculator
| Down payment | $2,306 |
|---|---|
| Loan amount | $64,706 |
| Principal and interest | $435 |
| Property taxes (1.46% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $572 |
Change the numbers in the calculator
Questions about home buying in Mission
What is the median home value in Mission?
About $65,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mission?
Homeowners pay a median $962 a year, which is about 1.46% 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 Mission?
For the median home with 20% down at 7.11%, the payment is about $462 a month. Keeping that under 28% of gross income takes about $19,812 a year.
More about Mission
- Mortgage Refinance in Mission
- Debt Relief in Mission
- Home Equity Loans in Mission
- 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