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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

New Underwood, SD Housing Affordability Index

New Underwood, South Dakota has an MBR Housing Affordability Index score of 105.7 (Near National Average) as of October 30, 2026, ranking 249th most affordable of 263 scored South Dakota cities, compared with 111.3 statewide and 97.4 nationally. On a median-priced $193,800 home with 20% down, the South Dakota average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $1,058, or 23% of the city’s $56,250 median household income.

The MBR Housing Affordability Index (MBR-HAI) for New Underwood is updated every night from live South Dakota mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

New Underwood MBR-HAI 105.7 Near National Average
Rank in South Dakota 249 of 263 1 = most affordable
South Dakota 111.3 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% South Dakota lenders
Median home value $193,800 U.S. Census Bureau

New Underwood is 5.6 points below the South Dakota score. Scores as of October 30, 2026. See the South Dakota index

View New Underwood Mortgage Rates

See What You Can Afford in New Underwood, South Dakota

Use this New Underwood, South Dakota home affordability calculator to see how much house you can afford at today’s South Dakota average 30-year mortgage rate of 7.26%. A household earning the New Underwood median income of $56,250, with no other debts and $39,000 down, can afford a home of about $189,818, compared with a median home value of $193,800. Buying the median priced home with 20% down takes a household income of about $57,700 once property tax and insurance are counted.

New Underwood median (Census)
Car, student loan, card minimums
Under 20% adds PMI
South Dakota average, 30-year fixed
New Underwood median bill (Census)
Estimate; use your quote
You can afford a home up to
$189,818
Below the New Underwood median home value of $193,800
Loan amount$150,818
Principal & interest$1,029/mo
Property tax$204/mo
Home insurance$79/mo
PMI$0/mo
Total monthly payment$1,313/mo
Compare New Underwood Mortgage Rates

How much house can you afford in New Underwood?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In New Underwood, property taxes run about 1.29% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,028 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in New Underwood

$1,058/mo
Principal & Interest
Median home, 20% down, 7.26%
$45,400
Income Needed
To keep principal and interest at 28% of income
$56,250
Median Household Income
South Dakota: $75,081
3.4x
Price-to-Income Ratio
South Dakota: 3.4x
$875/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,500/yr
Median Property Tax
1.29% of median value
32.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
72.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for New Underwood, South Dakota. The rate is the South Dakota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the New Underwood Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. New Underwood, South Dakota score: 105.7 (Near National Average), ranked 249 of 263 South Dakota cities. monitorbankrates.com/housing-affordability-index/south-dakota/new-underwood”