Total monthly cost of ownership
Cost to Own a Home in Sturgis, South Dakota
A $236,000 home here costs
$1,964per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $750 higher every month — 62% 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.
Sturgis against Meade County and South Dakota
| Measure | Sturgis | Meade County |
|---|---|---|
| Median home value | $236,400 | $274,800 |
| Median property tax | $2,839 | $2,840 |
| Effective tax rate | 1.201% | 1.033% |
| Median gross rent | $815 | $1,150 |
| Population | 7,111 | 30,297 |
The weather behind that power bill
Sturgis sits in Meade County, which averages a high of 85.1°F in its hottest month and a low of 9.0°F in its coldest, with 18.87" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 517 cooling and 7,829 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Meade County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Meade County
Full Meade County cost breakdown · Every county in South Dakota
Common questions
How much does it cost to own a home in Sturgis?
A $236,000 home in Sturgis, South Dakota costs approximately $1,964 per month with 20% down at 6.66%. That is $1,213 principal and interest, $236 property tax, $108 homeowners insurance, $209 utilities and $197 set aside for maintenance.
What is the property tax rate in Sturgis?
Sturgis has an effective property tax rate of 1.201%, based on a median home value of $236,400 and median real estate taxes of $2,839. That is higher than the Meade County average of 1.033%.
What is the average home price in Sturgis?
The median owner-occupied home value in Sturgis, South Dakota is $236,400, against $274,800 across Meade County.
Is it cheaper to rent or buy in Sturgis?
Median gross rent in Sturgis is $815 a month, against $1,964 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 Sturgis — 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.