Total monthly cost of ownership
Cost to Own a Home in Wagner, South Dakota
A $129,000 home here costs
$1,226per 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 $52,500 a year.
A standard mortgage calculator would have told you $703. The real number is $523 higher every month, 74% more than the payment most buyers budget for.
Compare Charles Mix County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Wagner from a five-year rolling sample, and with about 1,555 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 Charles Mix 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.
Wagner against Charles Mix County and South Dakota
| Measure | Wagner | Charles Mix County |
|---|---|---|
| Median home value | $129,200 | $169,200 |
| Median property tax | $1,651 | $1,823 |
| Effective tax rate | 1.278% | 1.077% |
| Median gross rent | $711 | $727 |
| Population | 1,555 | 9,281 |
The weather behind that power bill
Wagner sits in Charles Mix County, which averages a high of 87.4°F in its hottest month and a low of 11.7°F in its coldest, with 24.36" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 950 cooling and 6,744 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Charles Mix County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Charles Mix County
Full Charles Mix County cost breakdown · Every county in South Dakota
Talk to someone who works this market
These are Wagner 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 Wagner every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wagner I already own here and may sell
Common questions
How much does it cost to own a home in Wagner?
A $129,000 home in Wagner, South Dakota costs approximately $1,226 per month with 20% down at 7.24%. That is $703 principal and interest, $137 property tax, $59 homeowners insurance, $219 utilities and $108 set aside for maintenance.
What is the property tax rate in Wagner?
Wagner has an effective property tax rate of 1.278%, based on a median home value of $129,200 and median real estate taxes of $1,651. That is higher than the Charles Mix County average of 1.077%.
What is the average home price in Wagner?
The median owner-occupied home value in Wagner, South Dakota is $129,200, against $169,200 across Charles Mix County.
Is it cheaper to rent or buy in Wagner?
Median gross rent in Wagner is $711 a month, against $1,226 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 Wagner?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wagner, South Dakota at today's rate takes a household income of roughly $52,500 a year. That covers the full $1,226 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wagner, 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.