Income needed to buy a home
Spink County, SD
$59,180
a year in household income to buy the typical Spink County home with 10% down.
The monthly math
Typical home value$174,248
Down payment (10%)$17,425
Loan$156,823
Principal and interest (7.40%)$1,086/mo
Property tax (0.98% a year)$143/mo
Homeowners insurance (estimate)$87/mo
Mortgage insurance$65/mo
Total monthly cost$1,381/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Within reach
The typical household here earns $70,139 a year, 19% more than it takes.
In South Dakota
Spink County ranks #5 of 50 for the income a home takes, from least to most.
Easiest to afford in South Dakota
| County | Typical home | Income needed |
|---|---|---|
| Jackson County | $141,213 | $46,473 |
| Walworth County | $137,130 | $47,240 |
| Bon Homme County | $163,660 | $56,274 |
| Corson County | $167,697 | $58,117 |
| Perkins County | $175,584 | $59,578 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.