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Hot Springs School District 23-2

Learn about the people, housing, costs and businesses in Hot Springs School District 23-2, South Dakota

Median Home$194,400
Median Rent$913/month
Population6,148
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade11% construction
Home Value Growth⬆⬆⬆+27.4% over 2 years
Retirees33% of residentstop 2% nationally
Homeowners72% of occupied units
NotableVeteran Community15% of residents · top 1% nationally
Hot Springs School District 23-2
SD

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Hot Springs School District 23-2?

As of today, the 30-year fixed mortgage rate for Hot Springs School District 23-2 is approximately 6.967% (7.006% 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 Hot Springs School District 23-2?

The median home value in Hot Springs School District 23-2 is $194k. The median monthly rent is $913. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hot Springs School District 23-2?

Home values in Hot Springs School District 23-2 have increased 27.4% 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 Hot Springs School District 23-2?

Based on a typical all-in ownership cost of $881/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hot Springs School District 23-2 is $70k/year.

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What industries drive the economy in Hot Springs School District 23-2?

The largest employment sectors in Hot Springs School District 23-2 are public administration (26%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.