Sioux Falls home values
Sioux Falls at a glance
- Zillow’s Home Value Index puts the typical home at $328,400 (Aug 2026), +1.0% over the past 12 months and +23% over five years.
- The Census median home value in Sioux Falls is about $280,300 — about the same as South Dakota overall and 18% below the U.S. median.
- Median household income is about $77,600; median rent about $1,032/month.
- Neighborhood values range from $184K to $401K across 4 distinct ZIP codes.
Sioux Falls home value trend
Over the 12 months to Aug 2026, typical home values in Sioux Falls rose 1.0%, to about $328,400. That is in step with South Dakota (+1.0%). Over five years the typical home gained $61,900 in value (+23%).
Year-by-year values
| Month | Typical value | Change vs year before |
|---|---|---|
| Aug 2026 | $328,400 | +1.0% |
| Aug 2025 | $325,300 | +2.2% |
| Aug 2024 | $318,300 | +2.5% |
| Aug 2023 | $310,700 | +1.8% |
| Aug 2022 | $305,100 | +14.5% |
| Aug 2021 | $266,500 | +15.7% |
| Aug 2020 | $230,200 | +4.7% |
| Aug 2019 | $219,900 | +5.1% |
| Aug 2018 | $209,200 | +6.1% |
| Aug 2017 | $197,300 | +4.8% |
| Aug 2016 | $188,200 | — |
Source: Zillow Home Value Index (ZHVI), typical value of mid-tier homes, smoothed & seasonally adjusted. Areas with several ZIPs: population-weighted.
Sioux Falls home value score
from local value, rent & income
In Sioux Falls (4 ZIPs), prices are high relative to rents (a low gross yield), and homes are moderately priced against local incomes.
How the Value Score is built
Computed figures
A transparent value snapshot — computed from U.S. Census ACS (2023) for Sioux Falls (4 ZIPs): home value, gross rent and household income. It is not a market-timing or appreciation forecast.
Sioux Falls neighborhoods compared
| Name | Home value | 1-yr | Income | Rent | Price / income |
|---|---|---|---|---|---|
| All Saints city data | — | — | — | — | — |
| Beadle Greenway ZIP 57117 · shared | — | — | — | — | — |
| Cathedral Historic District ZIP 57117 · shared | — | — | — | — | — |
| Cherry Creek city data | — | — | — | — | — |
| Crown Pointe city data | — | — | — | — | — |
| Downtown city data | — | — | — | — | — |
| Emerson city data | — | — | — | — | — |
| Heather Ridge ZIP 57108 · shared | $401K | +2.1% | $96K | $1,292 | 4.2× |
| McKennan Park city data | — | — | — | — | — |
| Norton Acres ZIP 57105 · shared | $248K | +0.1% | $74K | $956 | 3.3× |
| Oakhaven city data | — | — | — | — | — |
| Pettigrew Heights city data | — | — | — | — | — |
| Prairie Tree city data | — | — | — | — | — |
| Sherman ZIP 57105 · shared | $248K | +0.1% | $74K | $956 | 3.3× |
| Shindler city data | — | — | — | — | — |
| Silver Valley | $269K | +1.5% | $77K | $996 | 3.5× |
| Spring Creek ZIP 57108 · shared | $401K | +2.1% | $96K | $1,292 | 4.2× |
| Terrace Park | $184K | −0.6% | $59K | $849 | 3.1× |
| Tomar Park city data | — | — | — | — | — |
| Tuthill city data | — | — | — | — | — |
| Whittier city data | — | — | — | — | — |
Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.
Sioux Falls vs South Dakota and the U.S.
| Sioux Falls | South Dakota | U.S. | |
|---|---|---|---|
| Typical value (Zillow, Aug 2026) | $328,400 | $328,400 | — |
| 1-year change | +1.0% | +1.0% | — |
| 5-year change | +23% | +23% | — |
| Median home value (Census) | $280,300 | $280,300 | $340,200 |
| Median household income | $77,600 | $77,600 | $78,500 |
| Median gross rent | $1,032/mo | $1,032/mo | $1,406/mo |
| Price-to-income ratio | 3.6× | 3.6× | 4.3× |
| Gross rental yield | 4.4% | 4.4% | 5.0% |
| Rent as share of income | 16% | 16% | 21% |
| Mortgage payment* | $1,417/mo | $1,417/mo | $1,720/mo |
Census figures: U.S. Census Bureau ACS 5-year estimates; areas spanning several ZIPs use population-weighted averages of ZIP medians, and city/state columns cover the ZIPs of the places listed on this site. Zillow: ZHVI. *Principal & interest on the Census median value, 20% down, 6.5% fixed, 30 years.
What it costs to buy a home in Sioux Falls
At today’s typical value of $328,400 (Zillow, Aug 2026), a buyer putting 20% down ($65,680) and financing the rest at 6.5% over 30 years would pay about $1,661 a month in principal and interest — 26% of the median household income here. That sits within the common 28% guideline, so the typical home is within reach of a typical local household. The median rent is $1,032/month, so owning costs roughly 61% more per month than renting, before taxes, insurance and upkeep — the trade-off is building equity.
Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.
What this means for buyers, sellers and investors in Sioux Falls
Buyers
At 3.6× local income, prices are moderate — compare a few nearby areas before committing.
Sellers
Values are up 1.0% on the year, so recent sales support your price — and get a home-specific estimate: condition and size move the number more than the area average.
Investors
A gross rental yield of 4.4% is low — this is an appreciation play rather than a cash-flow market.
Sioux Falls real estate FAQ
Are home prices going up in Sioux Falls?
What is the typical home value in Sioux Falls?
Is Sioux Falls affordable?
How much is rent in Sioux Falls?
Is Sioux Falls good for rental property investment?
What is the most affordable neighborhood in Sioux Falls?
What is the most expensive neighborhood in Sioux Falls?
Where are home values rising fastest in Sioux Falls?
Where is the best rental yield in Sioux Falls?
What’s your Sioux Falls home worth?
Estimates are informational only and are not an appraisal.
About this data
Data last updated: September 2026.
Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.
Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.
The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.
Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.
These are area-level statistics, not an appraisal of any individual property, and not financial advice.
Sources: U.S. Census ACS · Zillow ZHVI.