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Akaska

Learn about the people, housing, costs and businesses in Akaska, South Dakota

Median Home$117,100
Median Rent$785/month
Population92
Leading IndustriesArts, Food & Hospitality · Wholesale Trade · Professional Services10% arts, food & hospitality
Home Value Growth-3.4% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners81% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
NotableAffordable Market$117k median home · lower cost than 86% of the country
Akaska
SD

Frequently Asked Questions

What are today's mortgage rates in Akaska?

As of today, the 30-year fixed mortgage rate for Akaska is approximately 6.889% (6.925% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Akaska?

The median home value in Akaska is $117k. The median monthly rent is $785. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Akaska?

Home values in Akaska have decreased 3.4% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Akaska?

Based on a typical all-in ownership cost of $781/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Akaska is $59k/year.

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What industries drive the economy in Akaska?

The largest employment sectors in Akaska are public administration (19%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.