Sioux Falls, SD 57118 Real Estate Market Analysis | dynamic.RE
dynamic.RE
Search
Portfolio
Market Analysis
Areas
Analyze
Select a state…
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
No cities
Compare
Market Snapshot
Housing Market
County Demographics
County Economy
Sioux Falls, SD — 57118
Median Listing Price
--
Population
--
Households
84,814
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
89K
units
Occupied
84,814
94.9%
Vacant
4,604
5.1%
2024 Tenure
85K
occupied
Owner
53,507
63.1%
Renter
31,307
36.9%
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
County Demographics
Median Age
36.0
2024
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
203K
residents
Under 18
51,607
25.4%
Adults 18–64
123,376
60.7%
65 & Over
28,306
13.9%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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 house
86.0%
Moved (within US)
13.7%
Other
0.3%
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 alone
77.2%
Public transit
0.7%
Worked from home
11.1%
Other
11.0%
Worked From Home
11.1%
+13.3% YoY
Mean Commute
17.80
-1.1% YoY
dynamic.RE