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Graceville Colony

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

Median Home$243,600
Median Rent$916/month
Population23
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services23% healthcare
Home Value Growth⬆⬆⬆+21.1% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners90% of occupied units
NotableHighly Educated34% bachelor's · 16% graduate · top 4% nationally
NotableHigh Incomes$95k/year · top 20% nationally
Graceville Colony
SD

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Frequently Asked Questions

What are today's mortgage rates in Graceville Colony?

As of today, the 30-year fixed mortgage rate for Graceville Colony is approximately 6.855% (6.890% 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 Graceville Colony?

The median home value in Graceville Colony is $244k. The median monthly rent is $916. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Graceville Colony?

Home values in Graceville Colony have increased 21.1% 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 Graceville Colony?

Based on a typical all-in ownership cost of $943/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Graceville Colony is $95k/year.

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What industries drive the economy in Graceville Colony?

The largest employment sectors in Graceville Colony are healthcare (23%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.