Sioux Falls housing market
Typical home value
$339K
▲ 1.1% 1 yr
Typical rent
$1,265/mo
▲ 3.8% 1 yr
12-month forecast
+3.0%
#135 of 546 metros
Gross rent yield
4.5%
#470 of 546 · U.S. 6.3%
Days to pending
78 days
1 yr
Listings with a price cut
27%
▼ −1.2 pts 1 yr
Key takeaways
- 1The typical home is worth $338,663, up 1.1% in a year and up 22% over five years.
- 2Zillow forecasts home values rising 3.0% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,265/mo (+3.8% YoY), a 4.5% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,861/mo in principal and interest, $596 more than renting.
- 5Homes go under contract in 78 days; 27% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Sioux Falls compares
| Measure | Sioux Falls | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.1% | +1.2% | #362 |
| Home value, 5-yr change | +22.3% | +19.7% | |
| 12-month forecast | +3.0% | +1.1% | #135 |
| Rent, 1-yr change | +3.8% | +2.7% | #224 |
| Gross rent yield | 4.5% | 6.3% | #470 |
| Price-to-rent ratio | 22.3 | 15.8 | |
| Mortgage P&I on typical home | $1,861 | $2,012 | |
| Income needed to buy | $97,472 | $100,902 | |
| Days to pending | 78 | 56 |
Cities in the Sioux Falls metro
1 cities with home value and rent data.
| Sioux Falls | $331K | ▲ 1.1% | $1,279 | ▲ 3.9% | 4.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Sioux Falls rental ($339K, $1,265/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Sioux Falls home.
Rent vs buy
Is it cheaper to rent or buy in Sioux Falls?
Other South Dakota metros
Rapid City, SD
$370K home$1,457 rent4.7% yield
▲ 2.1% 1 yr
Brookings, SD
$327K home$1,275 rent4.7% yield
▲ 6.1% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.