Total monthly cost of ownership
Cost to Own a Home in Hartford, South Dakota
A $223,000 home here costs
$1,950per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,146. The real number is $804 higher every month — 70% 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.
Hartford against Minnehaha County and South Dakota
| Measure | Hartford | Minnehaha County |
|---|---|---|
| Median home value | $223,400 | $266,600 |
| Median property tax | $3,682 | $3,090 |
| Effective tax rate | 1.648% | 1.159% |
| Median gross rent | $937 | $954 |
| Population | 3,412 | 200,689 |
The weather behind that power bill
Hartford 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 Hartford?
A $223,000 home in Hartford, South Dakota costs approximately $1,950 per month with 20% down at 6.66%. That is $1,146 principal and interest, $306 property tax, $102 homeowners insurance, $209 utilities and $186 set aside for maintenance.
What is the property tax rate in Hartford?
Hartford has an effective property tax rate of 1.648%, based on a median home value of $223,400 and median real estate taxes of $3,682. That is higher than the Minnehaha County average of 1.159%.
What is the average home price in Hartford?
The median owner-occupied home value in Hartford, South Dakota is $223,400, against $266,600 across Minnehaha County.
Is it cheaper to rent or buy in Hartford?
Median gross rent in Hartford is $937 a month, against $1,950 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 Hartford — 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.