Total monthly cost of ownership
Cost to Own a Home in Pierre, South Dakota
A $220,000 home here costs
$1,918per 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 $82,000 a year.
A standard mortgage calculator would have told you $1,199. The real number is $719 higher every month, 60% more than the payment most buyers budget for.
Compare Hughes County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Pierre against Hughes County and South Dakota
| Measure | Pierre | Hughes County |
|---|---|---|
| Median home value | $219,500 | $221,100 |
| Median property tax | $2,587 | $2,526 |
| Effective tax rate | 1.179% | 1.142% |
| Median gross rent | $936 | $930 |
| Population | 14,008 | 17,732 |
The weather behind that power bill
Pierre sits in Hughes County, which averages a high of 88.3°F in its hottest month and a low of 9.3°F in its coldest, with 20.2" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 837 cooling and 7,348 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Hughes County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hughes County
No other places of this size are published in Hughes County.
Full Hughes County cost breakdown · Every county in South Dakota
Talk to someone who works this market
These are Pierre 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 Pierre every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pierre I already own here and may sell
Common questions
How much does it cost to own a home in Pierre?
A $220,000 home in Pierre, South Dakota costs approximately $1,918 per month with 20% down at 7.24%. That is $1,199 principal and interest, $216 property tax, $101 homeowners insurance, $219 utilities and $183 set aside for maintenance.
What is the property tax rate in Pierre?
Pierre has an effective property tax rate of 1.179%, based on a median home value of $219,500 and median real estate taxes of $2,587. That is higher than the Hughes County average of 1.142%.
What is the average home price in Pierre?
The median owner-occupied home value in Pierre, South Dakota is $219,500, against $221,100 across Hughes County.
Is it cheaper to rent or buy in Pierre?
Median gross rent in Pierre is $936 a month, against $1,918 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 Pierre?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pierre, South Dakota at today's rate takes a household income of roughly $82,000 a year. That covers the full $1,918 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pierre, 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.