Total monthly cost of ownership
Cost to Own a Home in Mobridge, South Dakota
A $122,000 home here costs
$1,171per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $627. The real number is $544 higher every month — 87% 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.
Mobridge against Walworth County and South Dakota
| Measure | Mobridge | Walworth County |
|---|---|---|
| Median home value | $122,000 | $130,000 |
| Median property tax | $2,121 | $1,866 |
| Effective tax rate | 1.739% | 1.435% |
| Median gross rent | $977 | $962 |
| Population | 2,928 | 5,298 |
The weather behind that power bill
Mobridge sits in Walworth County, which averages a high of 84.1°F in its hottest month and a low of 4.0°F in its coldest, with 19.24" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 623 cooling and 8,337 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Walworth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walworth County
No other places of this size are published in Walworth County.
Full Walworth County cost breakdown · Every county in South Dakota
Common questions
How much does it cost to own a home in Mobridge?
A $122,000 home in Mobridge, South Dakota costs approximately $1,171 per month with 20% down at 6.66%. That is $627 principal and interest, $177 property tax, $56 homeowners insurance, $209 utilities and $102 set aside for maintenance.
What is the property tax rate in Mobridge?
Mobridge has an effective property tax rate of 1.739%, based on a median home value of $122,000 and median real estate taxes of $2,121. That is higher than the Walworth County average of 1.435%.
What is the average home price in Mobridge?
The median owner-occupied home value in Mobridge, South Dakota is $122,000, against $130,000 across Walworth County.
Is it cheaper to rent or buy in Mobridge?
Median gross rent in Mobridge is $977 a month, against $1,171 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 Mobridge — 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.