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Closing costs in South Dakota

See how much you might have to shell out in closing costs when you buy or sell a home in this state.

Updated

Fact checked

The average closing cost in South Dakota is $2,159 after taxes, or approximately 1.08% to 2.16% 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 $1,080 and $4,318 in closing costs after taxes.

Data Value
Average home sale price $100,000 to $200,000
Average total closing cost $2,159
Expected closing cost range $1,080 to $4,318
Percentage of closing cost to home sale price 1.08% to 2.16%
Remember, these averages are based on sample data. Your closing costs may vary based on your lender, the size of your loan and whether or not you're paying in cash.

How much does tax affect the closing cost?

Buyers and sellers in South Dakota pay an average of $157 in tax combined for the closing. This accounts for 7.27% of the total average closing cost in South Dakota.

Value
Average tax paid $157
Percentage of total closing cost 7.27%

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*
Before taxes $2,002 45
After taxes $2,159 19

*Ranked from lowest to highest of the 50 states plus Washington DC

Bottom line

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.

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