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Hoven School District 53-2

Learn about the people, housing, costs and businesses in Hoven School District 53-2, South Dakota

Median Home$121,494
Median Rent$975/month
Population1,261
Leading IndustriesConstruction · Agriculture & Mining · Transportation26% construction
Home Value Growth-3.4% over 2 years
Retirees30% of residentstop 3% nationally
Homeowners81% of occupied units
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
Hoven School District 53-2
SD

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Frequently Asked Questions

What are today's mortgage rates in Hoven School District 53-2?

As of today, the 30-year fixed mortgage rate for Hoven School District 53-2 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 Hoven School District 53-2?

The median home value in Hoven School District 53-2 is $121k. The median monthly rent is $975. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hoven School District 53-2?

Home values in Hoven School District 53-2 have decreased 3.4% over the past two years. Buyers may find more negotiating room in this market. 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 Hoven School District 53-2?

Based on a typical all-in ownership cost of $725/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hoven School District 53-2 is $70k/year.

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What industries drive the economy in Hoven School District 53-2?

The largest employment sectors in Hoven School District 53-2 are agriculture and mining (26%) and construction (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.