Sioux Falls, SD is a great place to invest in real estate, as the median housing value in the area is $432,000, significantly higher than the US median of $338,100. In addition, Sioux Falls has experienced a 1 year house appreciation rate of 12.34%, which is higher than the national average of 8.27%. This makes it a strong market for potential investors looking for reasonable returns on their investments. Furthermore, residents will benefit from an appreciation in value in their homes that can be used to leverage against future loans or investments. All these factors make Sioux Falls an attractive housing destination and one that should be looked into by potential buyers and investors alike.
The median home cost in Sioux Falls (zip 57108) is $432,000. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Sioux Falls (zip 57108) is up 17.7%.
Average Age of Homes
- The median age of Sioux Falls (zip 57108) real estate is 13 years old
The Rental Market in Sioux Falls (zip 57108)
- Renters make up 28.6% of the Sioux Falls (zip 57108) population
- 0.1% of houses and apartments in Sioux Falls (zip 57108), 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.