Mortgage Rates in Dell Rapids, South Dakota — March 2026
Updated March 2026 | Based on Dell Rapids market data and regional lending conditions
Dell Rapids is a growing city in South Dakota with a population of 3,633. The current 30-year fixed mortgage rate in Dell Rapids is 6.69%, which is 0.04% above the national average. With a median home price of $210,000 and a 20% down payment of $42,000, homebuyers can expect a monthly principal and interest payment of approximately $1,083.
Current Mortgage Rates in Dell Rapids, SD
Below are the current average mortgage rates available in the Dell Rapids 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Dell Rapids Housing Market Overview
The Dell Rapids housing market offers relatively affordable housing compared to many major cities. The median household income in Dell Rapids is $51,300, and the cost of living index is 89.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $56,700 to comfortably afford the median-priced home in Dell Rapids, which exceeds the current median household income.
Monthly Payment Breakdown for Dell Rapids
Based on the median home price of $210,000 with 20% down ($42,000), here is what you can expect to pay monthly in Dell Rapids:
15-Year vs. 30-Year Mortgage in Dell Rapids
Choosing a 15-year mortgage in Dell Rapids at 5.94% instead of a 30-year at 6.69% would save you $135,720 in total interest over the life of the loan. However, your monthly payment would be $1,412 instead of $1,083 — an increase of $329 per month.
Calculate Your Dell Rapids 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 Dell Rapids
What are the current mortgage rates in Dell Rapids, SD?
As of March 2026, the average 30-year fixed mortgage rate in Dell Rapids, South Dakota is 6.69%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Dell Rapids?
Based on the median home price of $210,000 with 20% down, the estimated monthly mortgage payment in Dell Rapids is $1,083 for principal and interest. Including property taxes of $240/month, the total monthly housing cost is approximately $1,323.
What income do I need to buy a home in Dell Rapids?
Using the 28% rule, you would need an annual income of approximately $56,700 to afford the median-priced home in Dell Rapids at $210,000. The median household income in Dell Rapids is $51,300. This means most households would need to either earn above the median or consider homes below $210,000.
Is Dell Rapids a good place to buy a home in 2026?
Dell Rapids offers a below-average cost of living with a cost of living index of 89.7 (national average = 100). The property tax rate in South Dakota is 1.37%, which is near the national average. Dell Rapids has a population of 3,633 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 Dell Rapids, South Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.