Sioux Falls
South Dakota · Ranked #252 of 373 metros
65Moderate
💡
Housing in Sioux Falls costs 4.04× the median income, below the national average of 4.5×. The median home price is $308K and median rent is $988/month. Sioux Falls ranks #252 of 373 metros for affordability.
Median Home Price
🏠$308K
Need $86K income
Median Rent
🔑$988
Need $42K income
Housing Shortage
📉5,000
units needed
Building Permits
🔨2,802
annual
Median Income
💰$76K
Pop: 286,478
Rent Burden
⚠️27.0%
of renters paying >30%
Price Change (YoY)
📈+5%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Sioux Falls | National |
|---|---|---|
| Price-to-Income Ratio | 4.04x | 6.1x |
| Rent Burden | 27.0% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Price Change | +5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 11.0% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +56.7%Since 2000: +189.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$865/mo
1 Bedroom$986/mo
2 Bedroom$1,156/mo
3 Bedroom$1,586/mo
4 Bedroom$1,939/mo
Zillow Market Data
Home Value (ZHVI)
$333K
1yr: +1.4%5yr: +34.7%
Rent (ZORI)
$1,289/mo
1yr: +2.7%5yr: +30.6%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$345K
Active Inventory
569
Days on Market
73
Sold Above List
14.7%
Price Drops
15.3%