Mortgage Rates in Yankton, South Dakota — March 2026
Updated March 2026 | Based on Yankton market data and regional lending conditions
Yankton is a growing city in South Dakota with a population of 15,411. The current 30-year fixed mortgage rate in Yankton is 6.73%, which is 0.08% above the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,113.
Current Mortgage Rates in Yankton, SD
Below are the current average mortgage rates available in the Yankton 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 | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.33% | 6.25% | +0.08% |
| VA | 6.13% | 6.05% | +0.08% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Yankton Housing Market Overview
The Yankton housing market offers relatively affordable housing compared to many major cities. The median household income in Yankton is $48,250, and the cost of living index is 84.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $57,086 to comfortably afford the median-priced home in Yankton, which exceeds the current median household income.
Monthly Payment Breakdown for Yankton
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Yankton:
15-Year vs. 30-Year Mortgage in Yankton
Choosing a 15-year mortgage in Yankton at 5.97% instead of a 30-year at 6.73% would save you $139,860 in total interest over the life of the loan. However, your monthly payment would be $1,449 instead of $1,113 — an increase of $336 per month.
Calculate Your Yankton 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 Yankton
What are the current mortgage rates in Yankton, SD?
As of March 2026, the average 30-year fixed mortgage rate in Yankton, South Dakota is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.33% and VA loans 6.13%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Yankton?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Yankton is $1,113 for principal and interest. Including property taxes of $219/month, the total monthly housing cost is approximately $1,332.
What income do I need to buy a home in Yankton?
Using the 28% rule, you would need an annual income of approximately $57,086 to afford the median-priced home in Yankton at $215,000. The median household income in Yankton is $48,250. This means most households would need to either earn above the median or consider homes below $215,000.
Is Yankton a good place to buy a home in 2026?
Yankton offers a below-average cost of living with a cost of living index of 84.5 (national average = 100). The property tax rate in South Dakota is 1.22%, which is near the national average. Yankton has a population of 15,411 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 Yankton, South Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.