Sioux Falls, South Dakota.
Typical home $330,625 (+1.1% in a year), asking rent $1,279 (+3.9%). Sioux Falls, SD metro.
to buy the typical home at today's mortgage rate — +$909 (+110%) since Jan 2020.
- 1 year
- Up $3,713 +1%
- $326,912$330,625 since Sep 2025
- 5 years
- Up $58,825 +22%
- $271,800$330,625 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Sioux Falls$1,735
- South Dakota$1,668
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Sioux Falls, SD rose 1.1% over the past year — in step with the nation.
Asking rents in Sioux Falls, SD rose 3.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Sioux Falls runs $1,124/mo more than renting one. The gap peaked at $1,173 in Jan 2025.
That is $2,404 a month against $1,279 rent: a $1,735 mortgage payment, plus $314 property tax and $354 insurance & upkeep.
Owning vs renting — Sioux Falls
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,404
- Renting$1,279
- Mortgage only$1,735
Property tax · $314/mo 1.14% of value a year — the ACS 2020-2024 median bill over the median home value for Minnehaha County, SD
Insurance & upkeep · $354/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Sioux Falls, Minnehaha County, South Dakota
Sioux Falls is a city of 192,517 people in Minnehaha County. Half its households earn more than $75,970 a year and half less, against $76,880 across Minnehaha County; 10% of its people live below the poverty line. 60% of its homes are lived in by their owners and 40% are rented. Unemployment in Sioux Falls was 2.3% in August 2026, and Minnehaha County had 0.9% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Sioux Falls is the largest city in South Dakota, and its people are somewhat younger than across the country as a whole. Household incomes sit just below the county's, and most homes are lived in by their owners, though a good many people rent. A large share of adults hold a four-year degree, and the drive to work is short. Winters are cold, with January the coldest month, while July is warm. Rain and melted snow fall at a moderate rate through the year.
Work. People who live here work mostly in schools, hospitals and social care, followed by shops, then banks, insurance and property, and manufacturing. Some of the largest workplaces in the city are Sanford USD Medical Center, Avera McKennan and the Sioux Falls School District. Unemployment is low and close to where it stood a year ago, and the county has added a small number of jobs over the past year.
Things to do. Falls Park is a protected area in or beside town, and the Great Plains Zoo is also in or beside town. The Washington Pavilion of Arts and Science, a museum, is in the city as well. A short drive away, Gitchie Manitou State Preserve is another protected area for walking and being outdoors.
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- 85,992households
- 38%of adults have a degree
- 10%below the poverty line
- 17 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Minnehaha County had 139,772 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 25° and lows near 7°; warmest in July, with highs near 85° and lows near 64°. About 28 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Sioux Falls Weather Office Airport weather station, 3 miles away (NOAA).
Largest workplaces in Sioux Falls
- Sanford USD Medical CenterGeneral hospital5,225FTE
- Avera MckennanGeneral hospital5,008FTE
- Sioux Falls School District 49-5School district3,273FTE
- Smithfield FoodsPork carcasses, half carcasses, and primal and sub-primal cuts produced in slaughtering plants3,136
- Sanford HealthAdministrative management services1,645
- Veterans Health AdministrationFederal government · Department of Veterans Affairs1,220
- Avera on Louise CampusGeneral medical and surgical hospitals741
- Sanford HealthAdministrative management services566
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 277 workplaces with 20 or more staff, 46,654 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- Ice stormsRelatively high
- Winter weatherRelatively high
- Cold wavesRelatively high
- HailRelatively moderate
- Strong windrelatively high in parts of Sioux FallsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Sioux Falls’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Minnehaha County and the Sioux Falls, SD metro.
Sioux Falls home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Sioux Falls$330,625
- South Dakota$317,874
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Sioux Falls listings, and the typical home goes pending in 33 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Sioux Falls27.25%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Sioux Falls33
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Sioux Falls1,149
New listings per month
Sellers arriving at the market.
- Sioux Falls322
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Sioux Falls$318,678
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Sioux Falls100.80%
Zip codes with a Sioux Falls address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Sioux Falls — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Sioux Falls
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 57106 | Sioux Falls | 51,907 | $1,210 | $331,603 |
| 57103 | Sioux Falls | 35,582 | $1,481 | $287,638 |
| 57108 | Sioux Falls | 33,966 | $1,390 | $436,478 |
| 57104 | Sioux Falls | 26,963 | $1,247 | $221,127 |
| 57110 | Sioux Falls | 23,313 | $1,322 | $428,667 |
| 57105 | Sioux Falls | 23,287 | $1,081 | $284,946 |
| 57107 | Sioux Falls | 12,605 | $1,220 | $326,974 |