Sioux Falls, SD 57198 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Sioux Falls, SD — 57198
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
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