Total monthly cost of ownership
Cost to Own a Home in Baltic, South Dakota
A $240,000 home here costs
$1,989per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,234. The real number is $755 higher every month — 61% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Baltic against Minnehaha County and South Dakota
| Measure | Baltic | Minnehaha County |
|---|---|---|
| Median home value | $240,200 | $266,600 |
| Median property tax | $2,826 | $3,090 |
| Effective tax rate | 1.177% | 1.159% |
| Median gross rent | $1,116 | $954 |
| Population | 1,512 | 200,689 |
The weather behind that power bill
Baltic sits in Minnehaha County, which averages a high of 85.3°F in its hottest month and a low of 8.5°F in its coldest, with 27.85" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 847 cooling and 7,248 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Minnehaha County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Minnehaha County
Full Minnehaha County cost breakdown · Every county in South Dakota
Common questions
How much does it cost to own a home in Baltic?
A $240,000 home in Baltic, South Dakota costs approximately $1,989 per month with 20% down at 6.66%. That is $1,234 principal and interest, $235 property tax, $110 homeowners insurance, $209 utilities and $200 set aside for maintenance.
What is the property tax rate in Baltic?
Baltic has an effective property tax rate of 1.177%, based on a median home value of $240,200 and median real estate taxes of $2,826. That is higher than the Minnehaha County average of 1.159%.
What is the average home price in Baltic?
The median owner-occupied home value in Baltic, South Dakota is $240,200, against $266,600 across Minnehaha County.
Is it cheaper to rent or buy in Baltic?
Median gross rent in Baltic is $1,116 a month, against $1,989 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Baltic — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for South Dakota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.