Total monthly cost of ownership
Cost to Own a Home in Mission, South Dakota
A $57,000 home here costs
$681per 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 $29,000 a year.
A standard mortgage calculator would have told you $311. The real number is $370 higher every month, 119% more than the payment most buyers budget for.
Compare Todd County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mission from a five-year rolling sample, and with about 1,380 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 Todd 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.
Mission against Todd County and South Dakota
| Measure | Mission | Todd County |
|---|---|---|
| Median home value | $56,900 | $45,200 |
| Median property tax | $931 | $1,006 |
| Effective tax rate | 1.636% | 2.226% |
| Median gross rent | $631 | $537 |
| Population | 1,380 | 9,293 |
The weather behind that power bill
Mission sits in Todd County, which averages a high of 87.4°F in its hottest month and a low of 11.6°F in its coldest, with 20.92" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 779 cooling and 7,107 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Todd County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Todd County
Full Todd County cost breakdown · Every county in South Dakota
Talk to someone who works this market
These are Mission 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 Mission every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mission I already own here and may sell
Common questions
How much does it cost to own a home in Mission?
A $57,000 home in Mission, South Dakota costs approximately $681 per month with 20% down at 7.24%. That is $311 principal and interest, $78 property tax, $26 homeowners insurance, $219 utilities and $48 set aside for maintenance.
What is the property tax rate in Mission?
Mission has an effective property tax rate of 1.636%, based on a median home value of $56,900 and median real estate taxes of $931. That is lower than the Todd County average of 2.226%.
What is the average home price in Mission?
The median owner-occupied home value in Mission, South Dakota is $56,900, against $45,200 across Todd County.
Is it cheaper to rent or buy in Mission?
Median gross rent in Mission is $631 a month, against $681 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Mission?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mission, South Dakota at today's rate takes a household income of roughly $29,000 a year. That covers the full $681 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mission, 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.