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Sioux Falls, SD

Full City Profile · South Dakota · Minnehaha County County

3.5 /5.0
B+ Good
197,642 Population 2,365/sq mi density
$74,714 Median Income $43,231 per capita
$271,400 Home Value $326,187 Zillow
$993 Median Rent 25.7% income on rent
49°F Avg Temperature 291 sunny days/yr
483 Violent Crime/100K 3,045 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$74,714 median income, 1.7% unemployment
A+
Affordability
4.6 / 5.0
$271,400 home value, $993/mo rent
F
Safety
1.0 / 5.0
483 violent crimes/100K (27% above avg)
B+
Education
4.0 / 5.0
37.4% bachelor's degree or higher

Housing Overview

Median Home Value
$271,400
4% below
US avg: $281,900
Median Rent
$993/mo
15% below
US avg: $1,163/mo
Homeownership Rate
60.0%
8% below US avg (65.4%)
Total Housing Units
84,021
Median year built: 1991

Home Value by Source

Census Median
$271,400
Zillow (ZHVI)
$326,187
Median Sale Price
$331,250
Median List Price
$320,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

60.0%
Owner-Occupied
40.0%
Renter-Occupied
60%
40%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent: $993/mo · Zillow rent: $1,265/mo

Market Indicators (Redfin)

Median Days on Market
73 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
140
Price Drops
16.2%
of listings with price reduction
Price Per Sq Ft
$183
Active Inventory
593
homes for sale

Affordability & Housing Stock

Rent Burden
25.7%
of renters spending 30%+ of income on housing
17% below US avg (31.0%)
Median Year Built
1991
Average age of housing stock: 35 years
Homeownership Rate
60.0%

Complete Housing Data

Home Values

Census Median Value$271,400
Zillow Home Value (ZHVI)$326,187
Median Sale Price$331,250
Median List Price$320,000
Price Per Sq Ft$183

Rent

Census Median Rent$993
Zillow Rent (ZORI)$1,265
FMR Studio$691
FMR 1-Bedroom$784
FMR 2-Bedroom$990
FMR 3-Bedroom$1,295
FMR 4-Bedroom$1,540

Market

Days on Market73
Sale-to-List Ratio1.0%
Price Drops16.2%
Homes Sold140
Active Inventory593
Price Per Sq Ft$183

Ownership & Stock

Owner-Occupied60.0%
Renter-Occupied40.0%
Homeownership Rate60.0%
Total Housing Units84,021
Median Year Built1991
Rent Burden25.7%