See how much you might have to shell out in closing costs when you buy or sell a home in this state.
The average closing cost in South Dakota is $2,930 after taxes, or approximately 1.47% to 2.93% of the final home sale price.
Closing cost stats in South Dakota
Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $1,465 and $5,860 in closing costs after taxes.
|Average home sale price||$100,000 to $200,000|
|Average total closing cost||$2,930|
|Expected closing cost range||$1,465 to $5,860|
|Percentage of closing cost to home sale price||1.47% to 2.93%|
Find a low mortgage rate for buying a home in South Dakota
How much does tax affect the closing cost?
Buyers and sellers in South Dakota pay an average of $723 in tax combined for the closing. This accounts for 24.68% of the total average closing cost in South Dakota.
|Average tax paid||$723|
|Percentage of total closing cost||24.68%|
How do closing costs in South Dakota compare nationally?
The closing costs for buying a home in South Dakota are
below the national average
after accounting for taxes. It’s 19th
in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in South Dakota||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in South Dakota.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.