The typical owner-occupied home in Akaska is worth about $91,700, 64% below the South Dakota median of $257,400 and 72% below the national median of $332,700. The median household earns $40,625 a year, so the median home costs 2.3 times the median income (3.4 times for South Dakota). 65% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Akaska at a glance
| Akaska | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $91,700 | $257,400 | $332,700 |
| Median property tax paid per year | – | $2,724 | $3,119 |
| Median household income | $40,625 | $75,081 | $80,734 |
| Homes lived in by their owners | 65% | 69% | 65% |
| Owner homes with a mortgage | 60% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,852 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1986 | 1980 | 1980 |
| Vacant homes | 54.4% | 10.5% | 10.1% |
| Population | 104 | 907,428 | 334,922,499 |
What a typical home costs per month in Akaska
At this week's average 30-year rate of 7.11%, buying the median Akaska home of $91,700 with 20% down costs about $616 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $769, 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 $26,390 for the 20%-down payment. That payment is 18% of the median Akaska household income of $40,625; at that income and 20% down, the 28% guideline points to a home of about $141,000.
| Down payment | $18,340 |
|---|---|
| Loan amount | $73,360 |
| Principal and interest | $494 |
| Property taxes (1.10% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $616 |
Change the numbers in the calculator
| Down payment | $3,210 |
|---|---|
| Loan amount | $90,039 |
| Principal and interest | $606 |
| Property taxes (1.10% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $41 |
| Total per month | $769 |
Change the numbers in the calculator
Questions about home buying in Akaska
What is the median home value in Akaska?
About $91,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Akaska?
For the median home with 20% down at 7.11%, the payment is about $616 a month. Keeping that under 28% of gross income takes about $26,390 a year.
More about Akaska
- Mortgage Refinance in Akaska
- Debt Relief in Akaska
- Home Equity Loans in Akaska
- 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