A typical Hanson home is worth roughly $328,000
Home prices around Hanson have risen about 47% over the past 5 years.
What kind of housing town is Hanson?
Read from the numbers below. The page puts what stands out first.
88% of Hanson households own their home
Half of Hanson’s homes were built before 1954.
South Dakota: 69% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 47% in 5 years
The federal house price index for the ZIP codes around Hanson rose 47% over the past 5 years, about the same as across South Dakota. Last year prices rose 2.1%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Hanson, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
What it takes to buy in Hanson
Try your own numbers below.
That’s $42K short of a typical Hanson home.
A two-bedroom rents for about $950 a month here, $1,060 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the South Dakota typical property tax (1.06% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $950
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Davison County, SD): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Neighbors talk housing
What Hanson buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.