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Prairiewood

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

Median Home$248,800
Median Rent$829/month
Population288
Leading IndustriesManufacturing · Finance & Insurance · Information & Media6% manufacturing
Home Value Growth+10.0% over 2 years
Retirees29% of residentswell above average
Homeowners66% of occupied units
Prairiewood Village
SD

Frequently Asked Questions

What are today's mortgage rates in Prairiewood?

As of today, the 30-year fixed mortgage rate for Prairiewood is approximately 7.379% (7.432% 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 Prairiewood?

The median home value in Prairiewood is $249k. The median monthly rent is $829. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prairiewood?

Home values in Prairiewood have increased 10.0% over the past two years. This represents moderate growth. 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 Prairiewood?

Based on a typical all-in ownership cost of $1,064/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prairiewood is $71k/year.

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What industries drive the economy in Prairiewood?

The largest employment sectors in Prairiewood are public administration (19%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.