Total monthly cost of ownership
Cost to Own a Home in Beresford, South Dakota
A $220,000 home here costs
$1,807per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,131. The real number is $676 higher every month — 60% 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.
Beresford against Lincoln County and South Dakota
| Measure | Beresford | Lincoln County |
|---|---|---|
| Median home value | $219,800 | $323,500 |
| Median property tax | $2,189 | $3,822 |
| Effective tax rate | 0.996% | 1.181% |
| Median gross rent | $868 | $1,237 |
| Population | 2,437 | 68,286 |
Beresford extends across 2 counties. Figures here use Lincoln County, where most of its housing sits.
The weather behind that power bill
Beresford sits in Lincoln County, which averages a high of 83.3°F in its hottest month and a low of 5.8°F in its coldest, with 27.81" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 679 cooling and 7,684 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Full Lincoln County cost breakdown · Every county in South Dakota
Common questions
How much does it cost to own a home in Beresford?
A $220,000 home in Beresford, South Dakota costs approximately $1,807 per month with 20% down at 6.66%. That is $1,131 principal and interest, $183 property tax, $101 homeowners insurance, $209 utilities and $183 set aside for maintenance.
What is the property tax rate in Beresford?
Beresford has an effective property tax rate of 0.996%, based on a median home value of $219,800 and median real estate taxes of $2,189. That is lower than the Lincoln County average of 1.181%.
What is the average home price in Beresford?
The median owner-occupied home value in Beresford, South Dakota is $219,800, against $323,500 across Lincoln County.
Is it cheaper to rent or buy in Beresford?
Median gross rent in Beresford is $868 a month, against $1,807 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 Beresford — 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.