Total monthly cost of ownership
Cost to Own a Home in Lemmon, South Dakota
A $80,000 home here costs
$839per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $411. The real number is $427 higher every month — 104% 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.
Lemmon against Perkins County and South Dakota
| Measure | Lemmon | Perkins County |
|---|---|---|
| Median home value | $79,700 | $105,900 |
| Median property tax | $1,372 | $1,405 |
| Effective tax rate | 1.721% | 1.327% |
| Median gross rent | $631 | $703 |
| Population | 1,214 | 3,058 |
The weather behind that power bill
Lemmon sits in Perkins County, which averages a high of 86.2°F in its hottest month and a low of 9.7°F in its coldest, with 18.1" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 632 cooling and 7,612 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Perkins County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Perkins County
No other places of this size are published in Perkins County.
Full Perkins County cost breakdown · Every county in South Dakota
Common questions
How much does it cost to own a home in Lemmon?
A $80,000 home in Lemmon, South Dakota costs approximately $839 per month with 20% down at 6.66%. That is $411 principal and interest, $115 property tax, $37 homeowners insurance, $209 utilities and $67 set aside for maintenance.
What is the property tax rate in Lemmon?
Lemmon has an effective property tax rate of 1.721%, based on a median home value of $79,700 and median real estate taxes of $1,372. That is higher than the Perkins County average of 1.327%.
What is the average home price in Lemmon?
The median owner-occupied home value in Lemmon, South Dakota is $79,700, against $105,900 across Perkins County.
Is it cheaper to rent or buy in Lemmon?
Median gross rent in Lemmon is $631 a month, against $839 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 Lemmon — 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.