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Okaton

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

Median Home$139,600
Median Rent$543/month
Population34
Leading IndustriesProfessional Services · Education · Wholesale Trade5% professional services
Young Adults23% of residents
Homeowners75% of occupied units
NotableHighly Educated29% hold a bachelor's degree · top 10% nationally
NotableAffordable Market$140k median home · lower cost than 78% of the country
Okaton
SD

Frequently Asked Questions

What are today's mortgage rates in Okaton?

As of today, the 30-year fixed mortgage rate for Okaton is approximately 6.850% (6.885% 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 Okaton?

The median home value in Okaton is $140k. The median monthly rent is $543. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Okaton?

Based on a typical all-in ownership cost of $835/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 Okaton is $65k/year.

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What industries drive the economy in Okaton?

The largest employment sectors in Okaton are public administration (20%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.