Total monthly cost of ownership
Cost to Own a Home in Freeman, South Dakota
A $171,000 home here costs
$1,467per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $879. The real number is $588 higher every month — 67% 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.
Freeman against Hutchinson County and South Dakota
| Measure | Freeman | Hutchinson County |
|---|---|---|
| Median home value | $171,300 | $160,500 |
| Median property tax | $1,892 | $1,793 |
| Effective tax rate | 1.104% | 1.117% |
| Median gross rent | $741 | $714 |
| Population | 1,558 | 7,393 |
The weather behind that power bill
Freeman sits in Hutchinson County, which averages a high of 85.8°F in its hottest month and a low of 9.9°F in its coldest, with 25.03" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 891 cooling and 6,980 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Hutchinson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hutchinson County
Full Hutchinson County cost breakdown · Every county in South Dakota
Common questions
How much does it cost to own a home in Freeman?
A $171,000 home in Freeman, South Dakota costs approximately $1,467 per month with 20% down at 6.66%. That is $879 principal and interest, $157 property tax, $78 homeowners insurance, $209 utilities and $143 set aside for maintenance.
What is the property tax rate in Freeman?
Freeman has an effective property tax rate of 1.104%, based on a median home value of $171,300 and median real estate taxes of $1,892. That is lower than the Hutchinson County average of 1.117%.
What is the average home price in Freeman?
The median owner-occupied home value in Freeman, South Dakota is $171,300, against $160,500 across Hutchinson County.
Is it cheaper to rent or buy in Freeman?
Median gross rent in Freeman is $741 a month, against $1,467 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 Freeman — 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.