The typical owner-occupied home in Lesterville is worth about $70,800, 72% below the South Dakota median of $257,400 and 79% below the national median of $332,700. Owners pay a median $725 a year in property taxes, about 1.02% of their home's value, close to the South Dakota rate of 1.06%. The median household earns $56,250 a year, so the median home costs 1.3 times the median income (3.4 times for South Dakota). 83% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Lesterville at a glance
| Lesterville | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $70,800 | $257,400 | $332,700 |
| Median property tax paid per year | $725 | $2,724 | $3,119 |
| Property tax as a share of value | 1.02% | 1.06% | 0.94% |
| Median household income | $56,250 | $75,081 | $80,734 |
| Homes lived in by their owners | 83% | 69% | 65% |
| Owner homes with a mortgage | 49% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $971 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1966 | 1980 | 1980 |
| Vacant homes | 0.0% | 10.5% | 10.1% |
| Population | 91 | 907,428 | 334,922,499 |
What a typical home costs per month in Lesterville
At this week's average 30-year rate of 7.11%, buying the median Lesterville home of $70,800 with 20% down costs about $471 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $589, 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 $20,173 for the 20%-down payment. That payment is 10% of the median Lesterville household income of $56,250; at that income and 20% down, the 28% guideline points to a home of about $197,000.
| Down payment | $14,160 |
|---|---|
| Loan amount | $56,640 |
| Principal and interest | $381 |
| Property taxes (1.02% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $471 |
Change the numbers in the calculator
| Down payment | $2,478 |
|---|---|
| Loan amount | $69,518 |
| Principal and interest | $468 |
| Property taxes (1.02% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $31 |
| Total per month | $589 |
Change the numbers in the calculator
Questions about home buying in Lesterville
What is the median home value in Lesterville?
About $70,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lesterville?
Homeowners pay a median $725 a year, which is about 1.02% 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 Lesterville?
For the median home with 20% down at 7.11%, the payment is about $471 a month. Keeping that under 28% of gross income takes about $20,173 a year.
More about Lesterville
- Mortgage Refinance in Lesterville
- Debt Relief in Lesterville
- Home Equity Loans in Lesterville
- 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