Sioux Falls, SD has seen an appreciation in housing prices of 12.34% over the last year compared to the national average of 8.27%. The median value for a house in Sioux Falls is $308,600, which is slightly lower than the US median value of $338,100. This makes Sioux Falls a great place to look for potential purchasers looking for affordable housing while still enjoying appreciation rates that are higher than the national average.
The median home cost in Sioux Falls is $308,600. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Sioux Falls is up 17.7%.
Average Age of Homes
- The median age of Sioux Falls real estate is 32 years old
The Rental Market in Sioux Falls
- Renters make up 36.7% of the Sioux Falls population
- 2.0% of houses and apartments in Sioux Falls, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.