Elk Point, SD — income, home value, property tax, and sales tax.
In ZIP code 57025, near Elk Point, homes carry a median value of $237,900, and the county's 1.10% effective property tax rate works out to roughly $2,617 a year on a house at that price. Households here earn a median of $94,839, while per-capita income sits at $40,540, so the annual tax bill absorbs a little under 3% of a typical household's earnings. Combined with a 6.20% sales tax rate, housing costs stay within reach for many buyers, since incomes in this area run well above what the property tax load alone would demand.
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