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Redfield

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

Median Home$119,700
Median Rent$738/month
Population2,082
Leading IndustriesManufacturing · Arts, Food & Hospitality · Transportation2% manufacturing
Home Value Growth+9.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners60% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Redfield
SD

Frequently Asked Questions

What are today's mortgage rates in Redfield?

As of today, the 30-year fixed mortgage rate for Redfield is approximately 6.794% (6.826% 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 Redfield?

The median home value in Redfield is $120k. The median monthly rent is $738. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redfield?

Home values in Redfield have increased 9.3% 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 Redfield?

Based on a typical all-in ownership cost of $759/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 Redfield is $61k/year.

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What industries drive the economy in Redfield?

The largest employment sectors in Redfield are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.