Total monthly cost of ownership
Cost to Own a Home in Pine Ridge, South Dakota
A $45,000 home here costs
$515per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $231. The real number is $284 higher every month — 123% 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.
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 $141 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
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 $515 per month with 20% down at 6.66%. That is $231 principal and interest, $16 property tax, $21 homeowners insurance, $209 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 $515 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
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.