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Selby School District 62-5

Learn about the people, housing, costs and businesses in Selby School District 62-5, South Dakota

Median Home$116,972
Median Rent$782/month
Population1,881
Leading IndustriesConstruction · Agriculture & Mining22% construction
Home Value Growth-3.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners81% of occupied units
NotableAffordable Market$117k median home · lower cost than 93% of the country
Selby School District 62-5
SD

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Selby School District 62-5?

As of today, the 30-year fixed mortgage rate for Selby School District 62-5 is approximately 7.622% (7.683% 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 Selby School District 62-5
What is the median home price in Selby School District 62-5?

The median home value in Selby School District 62-5 is $117k. The median monthly rent is $782. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Selby School District 62-5?

Home values in Selby School District 62-5 have decreased 3.4% over the past two years. Buyers may find more negotiating room in this market. 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 Selby School District 62-5?

Based on a typical all-in ownership cost of $776/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 Selby School District 62-5 is $60k/year.

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What industries drive the economy in Selby School District 62-5?

The largest employment sectors in Selby School District 62-5 are agriculture and mining (22%) and construction (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.