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Running Water

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

Median Home$164,000
Median Rent$690/month
Population51
Leading IndustriesWholesale Trade · Agriculture & Mining · Construction13% wholesale trade
Home Value Growth⬆⬆⬆+22.0% over 2 years
Retirees21% of residentsnear the national average
Homeowners79% of occupied units
NotableAffordable Market$164k median home · lower cost than 68% of the country
Running Water
SD

Frequently Asked Questions

What are today's mortgage rates in Running Water?

As of today, the 30-year fixed mortgage rate for Running Water is approximately 7.024% (7.065% 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 Running Water?

The median home value in Running Water is $164k. The median monthly rent is $690. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Running Water?

Home values in Running Water have increased 22.0% over the past two years. This indicates a strong appreciation trend. 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 Running Water?

Based on a typical all-in ownership cost of $768/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 Running Water is $64k/year.

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What industries drive the economy in Running Water?

The largest employment sectors in Running Water are public administration (24%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.