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Reliance

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

Median Home$172,500
Median Rent$819/month
Population134
Leading IndustriesConstruction · Agriculture & Mining12% construction
Young Adults24% of residents
Homeowners80% of occupied units
NotableTransit79/100 · excellent transit access
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Reliance
SD

Frequently Asked Questions

What are today's mortgage rates in Reliance?

As of today, the 30-year fixed mortgage rate for Reliance 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 Reliance?

The median home value in Reliance is $173k. The median monthly rent is $819. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Reliance?

Based on a typical all-in ownership cost of $849/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Reliance is $77k/year.

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What industries drive the economy in Reliance?

The largest employment sectors in Reliance are public administration (18%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.