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Lyman School District 42-1

Learn about the people, housing, costs and businesses in Lyman School District 42-1, South Dakota

Median Home$91,235
Median Rent$650/month
Population2,986
Leading IndustriesConstruction · Agriculture & Mining · Public Administration14% construction
Family-Friendly31% of residentstop 2% nationally
Homeowners67% of occupied units
NotableAffordable Market$91k median home · lower cost than 98% of the country
Lyman School District 42-1
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 Lyman School District 42-1?

As of today, the 30-year fixed mortgage rate for Lyman School District 42-1 is approximately 6.994% (7.037% 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 Lyman School District 42-1
What is the median home price in Lyman School District 42-1?

The median home value in Lyman School District 42-1 is $91k. The median monthly rent is $650. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Lyman School District 42-1?

Based on a typical all-in ownership cost of $627/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lyman School District 42-1 is $54k/year.

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What industries drive the economy in Lyman School District 42-1?

The largest employment sectors in Lyman School District 42-1 are public administration (27%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.