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Herreid

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

Median Home$115,900
Median Rent$760/month
Population481
Leading IndustriesConstruction · Agriculture & Mining · Information & Media23% construction
Retirees27% of residentsabove average nationally
Homeowners76% of occupied units
NotableHighly Educated29% hold a bachelor's degree · top 10% nationally
NotableAffordable Market$116k median home · lower cost than 86% of the country
Herreid
SD

Frequently Asked Questions

What are today's mortgage rates in Herreid?

As of today, the 30-year fixed mortgage rate for Herreid is approximately 7.625% (7.722% 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 Herreid
What is the median home price in Herreid?

The median home value in Herreid is $116k. The median monthly rent is $760. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Herreid?

Based on a typical all-in ownership cost of $738/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 Herreid is $69k/year.

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What industries drive the economy in Herreid?

The largest employment sectors in Herreid are agriculture and mining (23%) and construction (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.