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Tripp

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

Median Home$155,200
Median Rent$584/month
Population506
Leading IndustriesConstruction · Agriculture & Mining · Arts, Food & Hospitality12% construction
Home Value Growth⬆⬆+13.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners79% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
NotableAffordable Market$155k median home · lower cost than 72% of the country
Tripp
SD

Frequently Asked Questions

What are today's mortgage rates in Tripp?

As of today, the 30-year fixed mortgage rate for Tripp is approximately 6.890% (6.926% 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 Tripp?

The median home value in Tripp is $155k. The median monthly rent is $584. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tripp?

Home values in Tripp have increased 13.8% 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 Tripp?

Based on a typical all-in ownership cost of $660/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tripp is $77k/year.

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What industries drive the economy in Tripp?

The largest employment sectors in Tripp are public administration (21%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.