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Ree Heights

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

Median Home$162,100
Population60
Leading IndustriesAgriculture & Mining · Construction · Transportation42% agriculture & mining
Home Value Growth+5.9% over 2 years
Family-Friendly28% of residentswell above average
Homeowners67% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
NotableHigh Incomes$97k/year · top 19% nationally
Ree Heights
SD

Frequently Asked Questions

What are today's mortgage rates in Ree Heights?

As of today, the 30-year fixed mortgage rate for Ree Heights is approximately 6.998% (7.038% 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 Ree Heights?

The median home value in Ree Heights is $162k. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ree Heights?

Home values in Ree Heights have increased 5.9% 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 Ree Heights?

Based on a typical all-in ownership cost of $802/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ree Heights is $97k/year.

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What industries drive the economy in Ree Heights?

The largest employment sectors in Ree Heights are agriculture and mining (42%) and construction (42%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.