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Bon Homme Colony

Learn about the people, housing, costs and businesses in Bon Homme Colony, South Dakota

Median Home$119,900
Median Rent$596/month
Population90
Leading IndustriesWholesale Trade · Professional Services · Arts, Food & Hospitality12% wholesale trade
Home Value Growth⬆⬆⬆+46.4% over 2 years
Family-Friendly28% of residentswell above average
Homeowners82% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$120k median home · lower cost than 84% of the country
Bon Homme Colony
SD

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Frequently Asked Questions

What are today's mortgage rates in Bon Homme Colony?

As of today, the 30-year fixed mortgage rate for Bon Homme Colony is approximately 6.799% (6.832% 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 Bon Homme Colony?

The median home value in Bon Homme Colony is $120k. The median monthly rent is $596. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bon Homme Colony?

Home values in Bon Homme Colony have increased 46.4% over the past two years. This indicates a strong appreciation trend. 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 Bon Homme Colony?

Based on a typical all-in ownership cost of $750/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bon Homme Colony is $65k/year.

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What industries drive the economy in Bon Homme Colony?

The largest employment sectors in Bon Homme Colony are public administration (23%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.