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Wakonda

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

Median Home$267,900
Median Rent$921/month
Population393
Leading IndustriesEducation · Professional Services · Healthcare3% education
Home Value Growth⬆⬆+12.1% over 2 years
Retirees23% of residentsslightly above average
Homeowners80% of occupied units
Wakonda
SD

Frequently Asked Questions

What are today's mortgage rates in Wakonda?

As of today, the 30-year fixed mortgage rate for Wakonda is approximately 6.884% (6.920% 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 Wakonda?

The median home value in Wakonda is $268k. The median monthly rent is $921. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wakonda?

Home values in Wakonda have increased 12.1% 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 Wakonda?

Based on a typical all-in ownership cost of $980/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wakonda is $85k/year.

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What industries drive the economy in Wakonda?

The largest employment sectors in Wakonda are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.