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Elk Point-Jefferson School District 61-7

Learn about the people, housing, costs and businesses in Elk Point-Jefferson School District 61-7, South Dakota

Median Home$252,994
Median Rent$1,053/month
Population4,620
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining13% wholesale trade
Home Value Growth+6.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners78% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
NotableHigh Incomes$92k/year · top 22% nationally
Elk Point-Jefferson School District 61-7
SD

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Frequently Asked Questions

What are today's mortgage rates in Elk Point-Jefferson School District 61-7?

As of today, the 30-year fixed mortgage rate for Elk Point-Jefferson School District 61-7 is approximately 6.969% (7.008% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Elk Point-Jefferson School District 61-7
What is the median home price in Elk Point-Jefferson School District 61-7?

The median home value in Elk Point-Jefferson School District 61-7 is $253k. The median monthly rent is $1,053. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elk Point-Jefferson School District 61-7?

Home values in Elk Point-Jefferson School District 61-7 have increased 6.0% 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 Elk Point-Jefferson School District 61-7?

Based on a typical all-in ownership cost of $1,043/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elk Point-Jefferson School District 61-7 is $92k/year.

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What industries drive the economy in Elk Point-Jefferson School District 61-7?

The largest employment sectors in Elk Point-Jefferson School District 61-7 are public administration (24%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.