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Oacoma

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

Median Home$172,500
Median Rent$819/month
Population405
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing29% construction
Retirees23% of residentsslightly above average
Homeowners80% of occupied units
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
NotableTransit79/100 · excellent transit access
Oacoma
SD

Frequently Asked Questions

What are today's mortgage rates in Oacoma?

As of today, the 30-year fixed mortgage rate for Oacoma 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 Oacoma?

The median home value in Oacoma is $173k. The median monthly rent is $819. 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 Oacoma?

Based on a typical all-in ownership cost of $849/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oacoma is $77k/year.

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What industries drive the economy in Oacoma?

The largest employment sectors in Oacoma are agriculture and mining (29%) and construction (29%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.