Sioux Falls, South Dakota Real Estate Market Analysis

dynamic.RE

Sioux Falls, South Dakota

14 ZIPs in this city:57101 57103 57104 57105 57106 57107 57108 57109 57110 57118 57186 57193 57197 57198

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-11.2%

Faster

Price vs US

82%

Below avg

Median Listing Price

$372K

Population

208,011

Households

88,311

Median Days on Market

Active Listings

902

New Listings

336

Housing Market

Pricing

Median Listing Price

$372K-4.5% YoY

Average Listing Price

$496K+1.2% YoY

Price per Sq Ft

$203.297-3.7% YoY

Median Sq Ft

1,7870.0% YoY

Inventory

Active Listings

902+5.7% YoY

New Listings

336+5.7% YoY

Total Listings

1,302+3.7% YoY

Buyer Competition

Pending Listings

394-5.3% YoY

Pending Ratio

0.44-9.8% YoY

Median Days on Market

47+17.8% YoY

Price Reduced

11.9%+10.0% YoY

Units & Occupancy

2024 Occupancy

89Kunits

Occupied84,81494.9%
Vacant4,6045.1%

2024 Tenure

85Koccupied

Owner53,50763.1%
Renter31,30736.9%

Renter Share

36.9%+1.2% YoY

Total Housing Units

89,418+2.7% YoY

FY2026 Fair Market Rent — Minnehaha County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$865

/month

1 BR

$986

/month

2 BR

$1,156

/month

3 BR

$1,586

/month

4 BR

$1,939

/month

FMR Trends — Minnehaha County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

208,011+1.8% YoY

2024 Age Mix

208Kresidents

Under 1851,06424.5%
Adults 18–64127,57761.3%
65 & Over29,37014.1%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

35.81+1.1% YoY

Population Under 18

51,064-0.1% YoY

Population 65 & Over

29,370+4.3% YoY

Households & Mobility

Total Households

88,311+3.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.29-1.9% YoY

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.6%
Other0.4%

Veterans

6.0%-2.5% YoY

Income & Poverty

Median Household Income

$78K+0.8% YoY

Per-Capita Income

$45K+3.1% YoY

Mean Household Income

$106K+1.9% YoY

Below Poverty Level

9.5%-0.2% YoY

Commuting

2024 Commute Mode

of workers

Drove alone77.9%
Public transit0.6%
Worked from home10.7%
Other10.7%

Worked From Home

10.7%+13.1% YoY

Mean Commute

17.12-0.2% YoY

Units & Tenure

Total Housing Units

92,686+3.5% YoY

2024 Occupancy

93Kunits

Occupied88,31195.3%
Vacant4,3754.7%

2024 Tenure

88Khouseholds

Owner53,34760.4%
Renter34,96439.6%

Avg Household Size — Owner

2.53-1.4% YoY

Avg Household Size — Renter

1.93-2.3% YoY

County Demographics

Median Age

36.02024

Population

Minnehaha County Population

208,639+1.1% YoY

Households

Total Households

84,814+2.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.33-1.7% YoY

Age

2024 Age Mix

203Kresidents

Under 1851,60725.4%
Adults 18–64123,37660.7%
65 & Over28,30613.9%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

51,607+0.7% YoY

Population 65 & Over

28,306+3.6% YoY

Median Age

36.00+0.8% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house86.0%
Moved (within US)13.7%
Other0.3%

Veterans

6.7%-4.3% YoY

County Economy

Income

Median Household Income

$77K+1.1% YoY

Per-Capita Income

$43K+3.4% YoY

Mean Household Income

$103K+2.5% YoY

Poverty

Below Poverty Level

8.8%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone77.2%
Public transit0.7%
Worked from home11.1%
Other11.0%

Worked From Home

11.1%+13.3% YoY

Mean Commute

17.80-1.1% YoY

Sioux Falls, South Dakota

14 ZIPs in this city:57101 57103 57104 57105 57106 57107 57108 57109 57110 57118 57186 57193 57197 57198

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-11.2%

Faster

Price vs US

82%

Below avg

Median Listing Price

$372K

Population

208,011

Households

88,311

Median Days on Market

Active Listings

902

New Listings

336

Housing Market

Pricing

Median Listing Price

$372K-4.5% YoY

Average Listing Price

$496K+1.2% YoY

Price per Sq Ft

$203.297-3.7% YoY

Median Sq Ft

1,7870.0% YoY

Inventory

Active Listings

902+5.7% YoY

New Listings

336+5.7% YoY

Total Listings

1,302+3.7% YoY

Buyer Competition

Pending Listings

394-5.3% YoY

Pending Ratio

0.44-9.8% YoY

Median Days on Market

47+17.8% YoY

Price Reduced

11.9%+10.0% YoY

Units & Occupancy

2024 Occupancy

89Kunits

Occupied84,81494.9%
Vacant4,6045.1%

2024 Tenure

85Koccupied

Owner53,50763.1%
Renter31,30736.9%

Renter Share

36.9%+1.2% YoY

Total Housing Units

89,418+2.7% YoY

FY2026 Fair Market Rent — Minnehaha County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$865

/month

1 BR

$986

/month

2 BR

$1,156

/month

3 BR

$1,586

/month

4 BR

$1,939

/month

FMR Trends — Minnehaha County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

208,011+1.8% YoY

2024 Age Mix

208Kresidents

Under 1851,06424.5%
Adults 18–64127,57761.3%
65 & Over29,37014.1%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

35.81+1.1% YoY

Population Under 18

51,064-0.1% YoY

Population 65 & Over

29,370+4.3% YoY

Households & Mobility

Total Households

88,311+3.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.29-1.9% YoY

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.6%
Other0.4%

Veterans

6.0%-2.5% YoY

Income & Poverty

Median Household Income

$78K+0.8% YoY

Per-Capita Income

$45K+3.1% YoY

Mean Household Income

$106K+1.9% YoY

Below Poverty Level

9.5%-0.2% YoY

Commuting

2024 Commute Mode

of workers

Drove alone77.9%
Public transit0.6%
Worked from home10.7%
Other10.7%

Worked From Home

10.7%+13.1% YoY

Mean Commute

17.12-0.2% YoY

Units & Tenure

Total Housing Units

92,686+3.5% YoY

2024 Occupancy

93Kunits

Occupied88,31195.3%
Vacant4,3754.7%

2024 Tenure

88Khouseholds

Owner53,34760.4%
Renter34,96439.6%

Avg Household Size — Owner

2.53-1.4% YoY

Avg Household Size — Renter

1.93-2.3% YoY

County Demographics

Median Age

36.02024

Population

Minnehaha County Population

208,639+1.1% YoY

Households

Total Households

84,814+2.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.33-1.7% YoY

Age

2024 Age Mix

203Kresidents

Under 1851,60725.4%
Adults 18–64123,37660.7%
65 & Over28,30613.9%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

51,607+0.7% YoY

Population 65 & Over

28,306+3.6% YoY

Median Age

36.00+0.8% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house86.0%
Moved (within US)13.7%
Other0.3%

Veterans

6.7%-4.3% YoY

County Economy

Income

Median Household Income

$77K+1.1% YoY

Per-Capita Income

$43K+3.4% YoY

Mean Household Income

$103K+2.5% YoY

Poverty

Below Poverty Level

8.8%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone77.2%
Public transit0.7%
Worked from home11.1%
Other11.0%

Worked From Home

11.1%+13.3% YoY

Mean Commute

17.80-1.1% YoY