Mortgage Rates in Custer, South Dakota — March 2026
Updated March 2026 | Based on Custer market data and regional lending conditions
Custer is a growing city in South Dakota with a population of 2,048. The current 30-year fixed mortgage rate in Custer is 6.74%, which is 0.09% above the national average. With a median home price of $190,000 and a 20% down payment of $38,000, homebuyers can expect a monthly principal and interest payment of approximately $985.
Current Mortgage Rates in Custer, SD
Below are the current average mortgage rates available in the Custer area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Custer Housing Market Overview
The Custer housing market offers relatively affordable housing compared to many major cities. The median household income in Custer is $58,800, and the cost of living index is 90 (national average = 100). Based on the 28% affordability rule, the median income in Custer is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Custer
Based on the median home price of $190,000 with 20% down ($38,000), here is what you can expect to pay monthly in Custer:
15-Year vs. 30-Year Mortgage in Custer
Choosing a 15-year mortgage in Custer at 5.98% instead of a 30-year at 6.74% would save you $124,020 in total interest over the life of the loan. However, your monthly payment would be $1,281 instead of $985 — an increase of $296 per month.
Calculate Your Custer Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Custer
What are the current mortgage rates in Custer, SD?
As of March 2026, the average 30-year fixed mortgage rate in Custer, South Dakota is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Custer?
Based on the median home price of $190,000 with 20% down, the estimated monthly mortgage payment in Custer is $985 for principal and interest. Including property taxes of $198/month, the total monthly housing cost is approximately $1,183.
What income do I need to buy a home in Custer?
Using the 28% rule, you would need an annual income of approximately $50,700 to afford the median-priced home in Custer at $190,000. The median household income in Custer is $58,800. The median income is currently sufficient to meet this threshold.
Is Custer a good place to buy a home in 2026?
Custer offers a below-average cost of living with a cost of living index of 90 (national average = 100). The property tax rate in South Dakota is 1.25%, which is near the national average. Custer has a population of 2,048 and offers a very affordable lifestyle.
Mortgage Rates in Other South Dakota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Custer, South Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.