Sioux Falls, SD Real Estate
Sioux Falls anchors one of South Dakota's largest metro areas with a population of about 197,642. The median home value is near $271,400, and median rent runs around $993/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$271,400
Median Rent
$993/mo
Population
197,642
Median Income
$74,714
Median Age
35.1
Homeownership
60%
Monthly payment on a median Sioux Falls home
Example for a $271,400 home: 20% down, 30-yr at ~6.75%, SD property tax ~1.01%, 0.4% insurance.
Est. monthly (PITI)
$1,727
Principal & interest
$1,408
Property tax / mo
$228
Down payment (20%)
$54,280
Sioux Falls at a glance
- 25.4% of residents 25+ hold a bachelor's degree or higher.
- 60% of occupied homes are owner-occupied.
- Median household income is $74,714.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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