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Canova

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

Median Home$142,600
Median Rent$644/month
Population89
Leading IndustriesConstruction · Agriculture & Mining · Information & Media16% construction
Home Value Growth+9.5% over 2 years
Retirees26% of residentsabove average nationally
Homeowners86% of occupied units
NotableAffordable Market$143k median home · lower cost than 77% of the country
Canova
SD

Frequently Asked Questions

What are today's mortgage rates in Canova?

As of today, the 30-year fixed mortgage rate for Canova is approximately 6.998% (7.038% 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 Canova?

The median home value in Canova is $143k. The median monthly rent is $644. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canova?

Home values in Canova have increased 9.5% over the past two years. This represents moderate growth. 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 Canova?

Based on a typical all-in ownership cost of $718/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canova is $76k/year.

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What industries drive the economy in Canova?

The largest employment sectors in Canova are public administration (26%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.