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Raymond

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

Median Home$158,400
Median Rent$782/month
Population54
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services19% arts, food & hospitality
Retirees36% of residentstop 3% nationally
Homeowners78% of occupied units
NotableHighly Educated36% bachelor's · 21% graduate · top 3% nationally
NotableVeteran Community10% of residents · top 14% nationally
Raymond
SD

Frequently Asked Questions

What are today's mortgage rates in Raymond?

As of today, the 30-year fixed mortgage rate for Raymond is approximately 6.815% (6.848% 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 Raymond?

The median home value in Raymond is $158k. The median monthly rent is $782. 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 Raymond?

Based on a typical all-in ownership cost of $762/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Raymond is $71k/year.

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What industries drive the economy in Raymond?

The largest employment sectors in Raymond are public administration (24%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.