Mortgage Rates in Fort Pierre, South Dakota — March 2026
Updated March 2026 | Based on Fort Pierre market data and regional lending conditions
Fort Pierre is a growing city in South Dakota with a population of 2,141. The current 30-year fixed mortgage rate in Fort Pierre is 6.84%, which is 0.19% above the national average. With a median home price of $229,000 and a 20% down payment of $45,800, homebuyers can expect a monthly principal and interest payment of approximately $1,199.
Current Mortgage Rates in Fort Pierre, SD
Below are the current average mortgage rates available in the Fort Pierre 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Fort Pierre Housing Market Overview
The Fort Pierre housing market offers relatively affordable housing compared to many major cities. The median household income in Fort Pierre is $50,900, and the cost of living index is 82.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $62,100 to comfortably afford the median-priced home in Fort Pierre, which exceeds the current median household income.
Monthly Payment Breakdown for Fort Pierre
Based on the median home price of $229,000 with 20% down ($45,800), here is what you can expect to pay monthly in Fort Pierre:
15-Year vs. 30-Year Mortgage in Fort Pierre
Choosing a 15-year mortgage in Fort Pierre at 6.06% instead of a 30-year at 6.84% would save you $152,280 in total interest over the life of the loan. However, your monthly payment would be $1,552 instead of $1,199 — an increase of $353 per month.
Calculate Your Fort Pierre 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 Fort Pierre
What are the current mortgage rates in Fort Pierre, SD?
As of March 2026, the average 30-year fixed mortgage rate in Fort Pierre, South Dakota is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Fort Pierre?
Based on the median home price of $229,000 with 20% down, the estimated monthly mortgage payment in Fort Pierre is $1,199 for principal and interest. Including property taxes of $250/month, the total monthly housing cost is approximately $1,449.
What income do I need to buy a home in Fort Pierre?
Using the 28% rule, you would need an annual income of approximately $62,100 to afford the median-priced home in Fort Pierre at $229,000. The median household income in Fort Pierre is $50,900. This means most households would need to either earn above the median or consider homes below $229,000.
Is Fort Pierre a good place to buy a home in 2026?
Fort Pierre offers a below-average cost of living with a cost of living index of 82.9 (national average = 100). The property tax rate in South Dakota is 1.31%, which is near the national average. Fort Pierre has a population of 2,141 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 Fort Pierre, South Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.