Total monthly cost of ownership
Cost to Own a Home in Colonial Pine Hills, South Dakota
A $348,000 home here costs
$2,939per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $126,000 a year.
A standard mortgage calculator would have told you $1,897. The real number is $1,042 higher every month, 55% more than the payment most buyers budget for.
Compare Pennington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Colonial Pine Hills from a five-year rolling sample, and with about 2,347 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pennington County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Colonial Pine Hills against Pennington County and South Dakota
| Measure | Colonial Pine Hills | Pennington County |
|---|---|---|
| Median home value | $348,400 | $270,400 |
| Median property tax | $4,486 | $3,049 |
| Effective tax rate | 1.288% | 1.128% |
| Median gross rent | — | $1,066 |
| Population | 2,347 | 112,081 |
The weather behind that power bill
Colonial Pine Hills sits in Pennington County, which averages a high of 86.4°F in its hottest month and a low of 12.7°F in its coldest, with 17.44" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 607 cooling and 7,252 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Pennington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pennington County
Full Pennington County cost breakdown · Every county in South Dakota
Talk to someone who works this market
These are Colonial Pine Hills averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Colonial Pine Hills every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Colonial Pine Hills I already own here and may sell
Common questions
How much does it cost to own a home in Colonial Pine Hills?
A $348,000 home in Colonial Pine Hills, South Dakota costs approximately $2,939 per month with 20% down at 7.24%. That is $1,897 principal and interest, $374 property tax, $160 homeowners insurance, $219 utilities and $290 set aside for maintenance.
What is the property tax rate in Colonial Pine Hills?
Colonial Pine Hills has an effective property tax rate of 1.288%, based on a median home value of $348,400 and median real estate taxes of $4,486. That is higher than the Pennington County average of 1.128%.
What is the average home price in Colonial Pine Hills?
The median owner-occupied home value in Colonial Pine Hills, South Dakota is $348,400, against $270,400 across Pennington County.
Is it cheaper to rent or buy in Colonial Pine Hills?
Rent data is not published for Colonial Pine Hills at this level of detail.
What salary do you need to buy a home in Colonial Pine Hills?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Colonial Pine Hills, South Dakota at today's rate takes a household income of roughly $126,000 a year. That covers the full $2,939 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Colonial Pine Hills, 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.