Sioux Falls Metro Area, SD Housing


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United States / South Dakota / Sioux Falls Metro Area / Counties / Cities / Zip Codes
The housing market in the Sioux Falls, SD Metro Area is particularly strong compared to the rest of the nation. The median value of a home in the area is $301,100, which is significantly lower than the median value for homes across the United States ($338,100). Additionally, over the past year, house appreciation in Sioux Falls has been 12.86%, much higher than the national average of 8.27%. This indicates that real estate prices are increasing at a rapid pace in Sioux Falls and suggests that now could be a great time to invest in this market.

The median home cost in Sioux Falls Metro Area is $301,100. Home appreciation the last 10 years has been 95.1%. Home Appreciation in Sioux Falls Metro Area is up 17.8%.

Average Age of Homes
- The median age of Sioux Falls Metro Area real estate is 34 years old
The Rental Market in Sioux Falls Metro Area
- Renters make up 30.7% of the Sioux Falls Metro Area population
- 1.8% of houses and apartments in Sioux Falls Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingSioux Falls, South DakotaUnited States
  114,651.0139,647,020.0
  3242
  $301,100$338,100
  17.8%16.6%
  56.8%57.0%
  95.1%101.1%
  $13.01$10.98
  $2,841$2,690
  63.0%57.4%
  5.5%11.2%
  31.5%31.4%
  Vacant Housing
  1.8%1.9%
  0.4%0.4%
  0.5%0.7%
  0.2%0.4%
  0.5%3.6%
  2.1%4.1%
  Value of Owner-Occupied Housing
  2.4%2.6%
  1.8%2.4%
  1.7%2.8%
  2.4%3.9%
  2.7%4.5%
  12.0%11.3%
  19.1%13.0%
  29.9%20.1%
  14.0%13.6%
  6.4%8.3%
  4.8%9.7%
  1.7%3.9%
  0.6%2.2%
  0.3%0.8%
  0.3%1.1%
  Housing Units by Year Structure Built
  0.2%0.2%
  18.0%13.6%
  18.0%13.6%
  14.9%13.6%
  8.7%13.2%
  12.7%14.8%
  14.9%13.6%
  7.4%10.0%
  3.2%4.7%
  12.2%12.2%
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