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Hecla

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

Median Home$214,600
Median Rent$947/month
Population196
Leading IndustriesConstruction · Agriculture & Mining · Transportation18% construction
Home Value Growth⬆⬆+11.1% over 2 years
Retirees26% of residentsabove average nationally
Homeowners87% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Hecla
SD

Frequently Asked Questions

What are today's mortgage rates in Hecla?

As of today, the 30-year fixed mortgage rate for Hecla 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 Hecla?

The median home value in Hecla is $215k. The median monthly rent is $947. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hecla?

Home values in Hecla have increased 11.1% 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 Hecla?

Based on a typical all-in ownership cost of $900/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hecla is $86k/year.

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What industries drive the economy in Hecla?

The largest employment sectors in Hecla are public administration (22%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.