Total monthly cost of ownership
Cost to Own a Home in Webster, South Dakota
A $122,000 home here costs
$1,178per 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 $50,500 a year.
A standard mortgage calculator would have told you $665. The real number is $513 higher every month, 77% more than the payment most buyers budget for.
Compare Day County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Webster from a five-year rolling sample, and with about 1,823 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 Day 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.
Webster against Day County and South Dakota
| Measure | Webster | Day County |
|---|---|---|
| Median home value | $122,200 | $155,100 |
| Median property tax | $1,642 | $1,598 |
| Effective tax rate | 1.344% | 1.030% |
| Median gross rent | $612 | $623 |
| Population | 1,823 | 5,460 |
The weather behind that power bill
Webster sits in Day County, which averages a high of 80.9°F in its hottest month and a low of 2.4°F in its coldest, with 26.07" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 529 cooling and 8,598 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Day County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Day County
No other places of this size are published in Day County.
Full Day County cost breakdown · Every county in South Dakota
Talk to someone who works this market
These are Webster 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 Webster every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Webster I already own here and may sell
Common questions
How much does it cost to own a home in Webster?
A $122,000 home in Webster, South Dakota costs approximately $1,178 per month with 20% down at 7.24%. That is $665 principal and interest, $137 property tax, $56 homeowners insurance, $219 utilities and $102 set aside for maintenance.
What is the property tax rate in Webster?
Webster has an effective property tax rate of 1.344%, based on a median home value of $122,200 and median real estate taxes of $1,642. That is higher than the Day County average of 1.030%.
What is the average home price in Webster?
The median owner-occupied home value in Webster, South Dakota is $122,200, against $155,100 across Day County.
Is it cheaper to rent or buy in Webster?
Median gross rent in Webster is $612 a month, against $1,178 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 Webster?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Webster, South Dakota at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,178 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Webster, 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.