Total monthly cost of ownership
Cost to Own a Home in Ipswich, South Dakota
A $166,000 home here costs
$1,413per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $853. The real number is $560 higher every month — 66% 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.
Ipswich against Edmunds County and South Dakota
| Measure | Ipswich | Edmunds County |
|---|---|---|
| Median home value | $165,600 | $163,600 |
| Median property tax | $1,627 | $1,417 |
| Effective tax rate | 0.982% | 0.866% |
| Median gross rent | $850 | $881 |
| Population | 1,126 | 4,033 |
The weather behind that power bill
Ipswich sits in Edmunds County, which averages a high of 82.8°F in its hottest month and a low of 3.2°F in its coldest, with 21.42" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 503 cooling and 8,624 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Edmunds County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Edmunds County
No other places of this size are published in Edmunds County.
Full Edmunds County cost breakdown · Every county in South Dakota
Common questions
How much does it cost to own a home in Ipswich?
A $166,000 home in Ipswich, South Dakota costs approximately $1,413 per month with 20% down at 6.66%. That is $853 principal and interest, $136 property tax, $76 homeowners insurance, $209 utilities and $138 set aside for maintenance.
What is the property tax rate in Ipswich?
Ipswich has an effective property tax rate of 0.982%, based on a median home value of $165,600 and median real estate taxes of $1,627. That is higher than the Edmunds County average of 0.866%.
What is the average home price in Ipswich?
The median owner-occupied home value in Ipswich, South Dakota is $165,600, against $163,600 across Edmunds County.
Is it cheaper to rent or buy in Ipswich?
Median gross rent in Ipswich is $850 a month, against $1,413 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 Ipswich — 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.