Total monthly cost of ownership
Cost to Own a Home in Pine Ridge, South Dakota
A $45,000 home here costs
$538per 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 $23,000 a year.
A standard mortgage calculator would have told you $245. The real number is $293 higher every month, 119% more than the payment most buyers budget for.
Compare Oglala Lakota County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pine Ridge from a five-year rolling sample, and with about 2,480 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 Oglala Lakota 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.
Pine Ridge against Oglala Lakota County and South Dakota
| Measure | Pine Ridge | Oglala Lakota County |
|---|---|---|
| Median home value | $45,000 | $45,600 |
| Median property tax | — | $199 |
| Effective tax rate | 0.436% | 0.436% |
| Median gross rent | $618 | $563 |
| Population | 2,480 | 13,587 |
The weather behind that power bill
Pine Ridge sits in Oglala Lakota County, which averages a high of 91.0°F in its hottest month and a low of 12.7°F in its coldest, with 15.22" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 808 cooling and 6,848 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Oglala Lakota County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Oglala Lakota County
Full Oglala Lakota County cost breakdown · Every county in South Dakota
Talk to someone who works this market
These are Pine Ridge 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 Pine Ridge every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pine Ridge I already own here and may sell
Common questions
How much does it cost to own a home in Pine Ridge?
A $45,000 home in Pine Ridge, South Dakota costs approximately $538 per month with 20% down at 7.24%. That is $245 principal and interest, $16 property tax, $21 homeowners insurance, $219 utilities and $38 set aside for maintenance.
What is the property tax rate in Pine Ridge?
Place-level tax data is not published for Pine Ridge, so the Oglala Lakota County rate of 0.436% applies here.
What is the average home price in Pine Ridge?
The median owner-occupied home value in Pine Ridge, South Dakota is $45,000, against $45,600 across Oglala Lakota County.
Is it cheaper to rent or buy in Pine Ridge?
Median gross rent in Pine Ridge is $618 a month, against $538 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Pine Ridge?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pine Ridge, South Dakota at today's rate takes a household income of roughly $23,000 a year. That covers the full $538 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pine Ridge, 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.