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Wood

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

Median Home$84,100
Median Rent$708/month
Population42
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration23% healthcare
Family-Friendly26% of residentsabove average nationally
Homeowners62% of occupied units
NotableHighly Educated32% bachelor's · 21% graduate · top 6% nationally
NotableAffordable Market$84k median home · lower cost than 96% of the country
Wood
SD

Frequently Asked Questions

What are today's mortgage rates in Wood?

As of today, the 30-year fixed mortgage rate for Wood is approximately 6.856% (6.891% 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 Wood?

The median home value in Wood is $84k. The median monthly rent is $708. Annual property taxes average $825. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Wood?

Based on a typical all-in ownership cost of $630/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wood is $54k/year.

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What industries drive the economy in Wood?

The largest employment sectors in Wood are public administration (28%) and healthcare (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.