Mortgage Rates in Deadwood, South Dakota — March 2026
Updated March 2026 | Based on Deadwood market data and regional lending conditions
Deadwood is a growing city in South Dakota with a population of 1,324. The current 30-year fixed mortgage rate in Deadwood is 6.65%, which is at the national average. With a median home price of $233,000 and a 20% down payment of $46,600, homebuyers can expect a monthly principal and interest payment of approximately $1,197.
Current Mortgage Rates in Deadwood, SD
Below are the current average mortgage rates available in the Deadwood 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Deadwood Housing Market Overview
The Deadwood housing market offers relatively affordable housing compared to many major cities. The median household income in Deadwood is $58,600, and the cost of living index is 90.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $62,871 to comfortably afford the median-priced home in Deadwood, which exceeds the current median household income.
Monthly Payment Breakdown for Deadwood
Based on the median home price of $233,000 with 20% down ($46,600), here is what you can expect to pay monthly in Deadwood:
15-Year vs. 30-Year Mortgage in Deadwood
Choosing a 15-year mortgage in Deadwood at 5.91% instead of a 30-year at 6.65% would save you $149,400 in total interest over the life of the loan. However, your monthly payment would be $1,564 instead of $1,197 — an increase of $367 per month.
Calculate Your Deadwood 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 Deadwood
What are the current mortgage rates in Deadwood, SD?
As of March 2026, the average 30-year fixed mortgage rate in Deadwood, South Dakota is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Deadwood?
Based on the median home price of $233,000 with 20% down, the estimated monthly mortgage payment in Deadwood is $1,197 for principal and interest. Including property taxes of $270/month, the total monthly housing cost is approximately $1,467.
What income do I need to buy a home in Deadwood?
Using the 28% rule, you would need an annual income of approximately $62,871 to afford the median-priced home in Deadwood at $233,000. The median household income in Deadwood is $58,600. This means most households would need to either earn above the median or consider homes below $233,000.
Is Deadwood a good place to buy a home in 2026?
Deadwood offers a below-average cost of living with a cost of living index of 90.1 (national average = 100). The property tax rate in South Dakota is 1.39%, which is near the national average. Deadwood has a population of 1,324 and offers a very affordable lifestyle.
Mortgage Rates in Other South Dakota Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Deadwood, South Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.