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Oelrichs

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

Median Home$150,700
Median Rent$817/month
Population117
Leading IndustriesFinance & Insurance · Information & Media6% finance & insurance
Home Value Growth⬆⬆⬆+27.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners78% of occupied units
NotableAffordable Market$151k median home · lower cost than 74% of the country
Oelrichs
SD

Frequently Asked Questions

What are today's mortgage rates in Oelrichs?

As of today, the 30-year fixed mortgage rate for Oelrichs is approximately 6.884% (6.920% 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 Oelrichs?

The median home value in Oelrichs is $151k. The median monthly rent is $817. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oelrichs?

Home values in Oelrichs have increased 27.7% 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 Oelrichs?

Based on a typical all-in ownership cost of $802/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oelrichs is $74k/year.

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What industries drive the economy in Oelrichs?

The largest employment sectors in Oelrichs are public administration (22%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.