Sioux Falls, SD housing market
Typical home value
$331K
▲ 1.1% 1 yr
Typical rent
$1,279/mo
▲ 3.9% 1 yr
Gross rent yield
4.6%
U.S. 6.3%
5-year home value change
+22%
U.S. +20%
Key takeaways
- 1The typical home in Sioux Falls is worth $330,625, up 1.1% over the past year and up 22% over five years.
- 2Typical rent is $1,279 a month (+3.9% YoY), a gross rent yield of 4.6% (above the Sioux Falls, SD metro's 4.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,817/mo, $538 more than typical rent.
- 4Zillow forecasts the Sioux Falls, SD metro's home values to change +3.0% over the next 12 months.
Market temperature (Sioux Falls, SD metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 29/100, #455 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Sioux Falls compares
| Measure | Sioux Falls | Sioux Falls, SD metro | United States |
|---|---|---|---|
| Typical home value | $330,625 | $338,663 | $366,157 |
| Home value, 1-yr change | +1.1% | +1.1% | +1.2% |
| Typical rent | $1,279 | $1,265 | $1,932 |
| Rent, 1-yr change | +3.9% | +3.8% | +2.7% |
| Gross rent yield | 4.6% | 4.5% | 6.3% |
| Price-to-rent ratio | 21.5 | 22.3 | 15.8 |
| Mortgage P&I, typical home | $1,817 | $1,861 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Sioux Falls rental, pre-filled.
Rent vs buy in Sioux Falls
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $331K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.