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Redfield School District 56-4

Learn about the people, housing, costs and businesses in Redfield School District 56-4, South Dakota

Median Home$132,111
Median Rent$752/month
Population3,183
Leading IndustriesConstruction · Transportation · Agriculture & Mining15% construction
Home Value Growth+9.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners64% of occupied units
NotableAffordable Market$132k median home · lower cost than 89% of the country
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
Redfield School District 56-4
SD

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Frequently Asked Questions

What are today's mortgage rates in Redfield School District 56-4?

As of today, the 30-year fixed mortgage rate for Redfield School District 56-4 is approximately 7.360% (7.412% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Redfield School District 56-4
What is the median home price in Redfield School District 56-4?

The median home value in Redfield School District 56-4 is $132k. The median monthly rent is $752. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redfield School District 56-4?

Home values in Redfield School District 56-4 have increased 9.1% 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 School District 56-4?

Based on a typical all-in ownership cost of $764/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 School District 56-4 is $66k/year.

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What industries drive the economy in Redfield School District 56-4?

The largest employment sectors in Redfield School District 56-4 are public administration (26%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.