Mortgage Rates in Sisseton, South Dakota — March 2026
Updated March 2026 | Based on Sisseton market data and regional lending conditions
Sisseton is a growing city in South Dakota with a population of 2,451. The current 30-year fixed mortgage rate in Sisseton is 6.77%, which is 0.12% above the national average. With a median home price of $197,000 and a 20% down payment of $39,400, homebuyers can expect a monthly principal and interest payment of approximately $1,024.
Current Mortgage Rates in Sisseton, SD
Below are the current average mortgage rates available in the Sisseton 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Sisseton Housing Market Overview
The Sisseton housing market offers relatively affordable housing compared to many major cities. The median household income in Sisseton is $53,600, and the cost of living index is 87.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $53,614 to comfortably afford the median-priced home in Sisseton, which exceeds the current median household income.
Monthly Payment Breakdown for Sisseton
Based on the median home price of $197,000 with 20% down ($39,400), here is what you can expect to pay monthly in Sisseton:
15-Year vs. 30-Year Mortgage in Sisseton
Choosing a 15-year mortgage in Sisseton at 6% instead of a 30-year at 6.77% would save you $129,240 in total interest over the life of the loan. However, your monthly payment would be $1,330 instead of $1,024 — an increase of $306 per month.
Calculate Your Sisseton 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 Sisseton
What are the current mortgage rates in Sisseton, SD?
As of March 2026, the average 30-year fixed mortgage rate in Sisseton, South Dakota is 6.77%, while the 15-year fixed rate is 6%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Sisseton?
Based on the median home price of $197,000 with 20% down, the estimated monthly mortgage payment in Sisseton is $1,024 for principal and interest. Including property taxes of $227/month, the total monthly housing cost is approximately $1,251.
What income do I need to buy a home in Sisseton?
Using the 28% rule, you would need an annual income of approximately $53,614 to afford the median-priced home in Sisseton at $197,000. The median household income in Sisseton is $53,600. This means most households would need to either earn above the median or consider homes below $197,000.
Is Sisseton a good place to buy a home in 2026?
Sisseton offers a below-average cost of living with a cost of living index of 87.4 (national average = 100). The property tax rate in South Dakota is 1.38%, which is near the national average. Sisseton has a population of 2,451 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 Sisseton, South Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.