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Wessington Springs School District 36-2

Learn about the people, housing, costs and businesses in Wessington Springs School District 36-2, South Dakota

Median Home$149,879
Median Rent$628/month
Population1,642
Leading IndustriesConstruction · Agriculture & Mining · Transportation15% construction
Home Value Growth⬆⬆⬆+24.0% over 2 years
Retirees29% of residentstop 4% nationally
Homeowners82% of occupied units
NotableAffordable Market$150k median home · lower cost than 84% of the country
NotableVeteran Community8% of residents · top 27% nationally
Wessington Springs School District 36-2
SD

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Frequently Asked Questions

What are today's mortgage rates in Wessington Springs School District 36-2?

As of today, the 30-year fixed mortgage rate for Wessington Springs School District 36-2 is approximately 7.358% (7.410% 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 Wessington Springs School District 36-2
What is the median home price in Wessington Springs School District 36-2?

The median home value in Wessington Springs School District 36-2 is $150k. The median monthly rent is $628. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wessington Springs School District 36-2?

Home values in Wessington Springs School District 36-2 have increased 24.0% 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 Wessington Springs School District 36-2?

Based on a typical all-in ownership cost of $695/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wessington Springs School District 36-2 is $72k/year.

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What industries drive the economy in Wessington Springs School District 36-2?

The largest employment sectors in Wessington Springs School District 36-2 are public administration (25%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.