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Westwood Colony

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

Median Home$156,500
Median Rent$752/month
Population8
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade17% construction
Home Value Growth⬆⬆⬆+23.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners75% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$157k median home · lower cost than 71% of the country
Westwood Colony
SD

Frequently Asked Questions

What are today's mortgage rates in Westwood Colony?

As of today, the 30-year fixed mortgage rate for Westwood Colony is approximately 6.998% (7.038% 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 Westwood Colony?

The median home value in Westwood Colony is $157k. The median monthly rent is $752. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westwood Colony?

Home values in Westwood Colony have increased 23.9% 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 Westwood Colony?

Based on a typical all-in ownership cost of $734/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westwood Colony is $78k/year.

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What industries drive the economy in Westwood Colony?

The largest employment sectors in Westwood Colony are agriculture and mining (17%) and construction (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.