September 2026 HUD file
HUD-insured apartment loans in South Dakota
24 properties with 2,477 units carry FHA-insured mortgages in South Dakota, with $213.1 million still owed. The median note rate is 3.12%, and 17 of them are below 4%.
24insured loans
3.12%median note rate
$213.1 millionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 18 |
|---|---|
| 221(d)(4) construction or substantial rehab | 3 |
| 223(a)(7) refinance | 2 |
| Older and other programs | 1 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Town Square Apartments | Vermillion | 70 | 2.2% | $3.6 million | 2056 |
| Lacrosse Estates Apartment Homes | Rapid City | 265 | 2.3% | $18.5 million | 2056 |
| Western Heights Apartments | Sioux Falls | 80 | 2.33% | $4.0 million | 2056 |
| Edgerton Place II Apartments | Mitchell | 72 | 2.37% | $4.1 million | 2056 |
| The Oaks Apartments | Watertown | 72 | 2.47% | $5.3 million | 2056 |
| The Cascade at Falls Park | Sioux Falls | 197 | 2.48% | $34.3 million | 2056 |
| West Park Apartments | Rapid City | 81 | 2.54% | $3.3 million | 2055 |
| Boulder Pointe Townhomes | Sioux Falls | 52 | 2.62% | $3.8 million | 2056 |
| Bancroft Place Apartments | Sioux Falls | 52 | 2.62% | $3.1 million | 2056 |
| Dakota Lofts | Sioux Falls | 40 | 2.77% | $5.2 million | 2056 |
| Mountain View Apts | Box Elder | 180 | 2.9% | $14.3 million | 2057 |
| Tower Apartments | Watertown | 51 | 3.04% | $1.1 million | 2050 |
| Colonial Square Apartments | Yankton | 42 | 3.2% | $2.1 million | 2055 |
| Moon Meadows | Rapid City | 160 | 3.33% | $22.0 million | 2059 |
| Sunnycrest Village Apartments | Sioux Falls | 162 | 3.63% | $6.1 million | 2051 |
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By city
- Sioux Falls 10
Everywhere else in South Dakota
- Mountain View Apts Box Elder · 2.9%
- Keystone Apartments Brandon · 5.85%
- Country Crossing Apartments Brookings · 3.97%
- Dakota 303 Dakota Dunes · 5.25%
- Cathedral Square I & II Mitchell · 4.4%
- Edgerton Place II Apartments Mitchell · 2.37%
- Greenridge Apartments Mitchell · 4.44%
- Lacrosse Estates Apartment Homes Rapid City · 2.3%
- Moon Meadows Rapid City · 3.33%
- West Park Apartments Rapid City · 2.54%
- Town Square Apartments Vermillion · 2.2%
- The Oaks Apartments Watertown · 2.47%
- Tower Apartments Watertown · 3.04%
- Colonial Square Apartments Yankton · 3.2%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
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