Quick facts: Glenham, SD

Quick Facts

98.4
Cost of Living
below US average
108
Population
46.3
Crime Rate per 1000
above US average
$43,750
Median Income
below US average
$130,000
Median House Price
above US average
$1139
Average Rent
below US average
8%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $43,750.

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Income Needed to Buy

βœ“ Affordable
$41k/year
Based on $130,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($43,750) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1139/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $43,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Glenham, SD

Glenham is a small unincorporated community located in Walworth County, South Dakota. Nestled amidst the rolling prairies of Central South Dakota, it offers a glimpse into rural life in the Midwest. With a population of just a few hundred residents, Glenham embodies a tight-knit community where neighbors know each other and support local events. The area is rich in natural beauty, with expansive landscapes ideal for outdoor activities such as fishing, hunting, and hiking. The nearby Lake Oahe, one of the largest man-made lakes in the United States, provides opportunities for boating, swimming, and camping, attracting nature enthusiasts. Glenham is characterized by a peaceful, slow-paced lifestyle that appeals to those seeking an escape from the hustle and bustle of urban living. While it may not offer the amenities of larger cities, it provides an authentic small-town experience with a strong sense of community and connection to the surrounding land. Overall, Glenham is a charming spot for those who appreciate the tranquility and simplicity of rural life in South Dakota.

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