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Herrick

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

Median Home$144,500
Median Rent$546/month
Population77
Leading IndustriesManufacturing · Wholesale Trade · Construction2% manufacturing
Retirees23% of residentsslightly above average
Homeowners80% of occupied units
NotableAffordable Market$145k median home · lower cost than 76% of the country
Herrick
SD

Frequently Asked Questions

What are today's mortgage rates in Herrick?

As of today, the 30-year fixed mortgage rate for Herrick is approximately 7.006% (7.046% 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 Herrick?

The median home value in Herrick is $145k. The median monthly rent is $546. 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 Herrick?

Based on a typical all-in ownership cost of $580/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Herrick is $67k/year.

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What industries drive the economy in Herrick?

The largest employment sectors in Herrick are public administration (20%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.