Español

Este sitio también está en español. Leer en español

City · 201,469 residents · Minnehaha County, South Dakota

Sioux Falls , South Dakota

In Sioux Falls, a typical home is worth $292,400 and typical rent is $1,035 a month. Compared with all of Minnehaha County, typical rent is 6% higher.

WhatsApp

  • Typical home value

    $292,400

    About the same as the county

    14% above South Dakota

    • Sioux Falls
    • Minnehaha
    • South Dakota

  • Typical rent

    $1,035a month

    6% above the county

    9% above South Dakota

    • Sioux Falls
    • Minnehaha
    • South Dakota

  • Typical household income

    $75,970a year

    About the same as the county

    About the same as South Dakota

    • Sioux Falls
    • Minnehaha
    • South Dakota

  • Households that own their home

    60%

    4 points below the county

    9 points below South Dakota

    • Sioux Falls
    • Minnehaha
    • South Dakota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$330,625
1.1% more than 12 months ago
Typical rent
$1,279 a month
3.9% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Sioux Falls is in Minnehaha County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Minnehaha County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Sioux Falls apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Madison, the typical home value is $193,100: 34% less than in Sioux Falls ($292,400).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Sioux Falls

What homes there are in Sioux Falls, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Sioux Falls, but it weighs less than in Minnehaha County: 52% against 59%.

Year built

Homes in Sioux Falls are newer: the typical year built is 1993; in Minnehaha County, 1987.

Homes in Sioux Falls are smaller: 55% have 3 bedrooms or more; in Minnehaha County, 59%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Sioux Falls sit under the FHA limit for Minnehaha County ($541,287): about 86%.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Minnehaha County is $1,228: about 64% of rents in Sioux Falls are below it.

With a mortgage

$1,727 a month

Minnehaha County: $1,727 a month

Without a mortgage

$647 a month

Minnehaha County: $643 a month

Owners with a mortgage

65%

Minnehaha County: 64%

The typical cost for an owner with a mortgage in Sioux Falls is $1,727 a month, near the figure in Minnehaha County ($1,727).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Minnehaha County, the typical home value in Sioux Falls rose 54% since 2015–2019.

Rents in Sioux Falls rose faster than in Minnehaha County: 25% since 2015–2019, against 20%.

While home values in Sioux Falls changed +54% and rent +25%, the typical household income rose 27%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSioux FallsMinnehaha CountySouth DakotaUnited States
Rental vacancy 5.4%6.3%6.0%5.5%
Homeowner vacancy 0.8%0.8%0.8%0.9%
More than one person per room 2.1%2.2%2.3%3.4%
People per household 2.282.332.392.53
Drive alone 78%77%77%69%
Carpool 8%8%8%9%
Public transit 1%1%1%3%
Walk or bike 2%2%3%3%
Work from home 11%11%10%15%
Other means 1%1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes10 to 19 minutes20 to 29 minutes

In Sioux Falls, the rental vacancy rate is 5.4%, about the same as in Minnehaha County.

In Sioux Falls, 2.1% of households live with more than one person per room, about the same as in Minnehaha County.

A household in Sioux Falls has 2.28 people on average, about the same as in Minnehaha County (2.33).

In Sioux Falls, 78% of workers drive alone to work; in Minnehaha County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Sioux Falls?

A typical home costs more than the typical income allows

We start with a typical home in Sioux Falls, worth $292,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Sioux Falls, which is $75,970 a year. For that payment to be 28% of income, a household would need to earn about $106,232 a year.

The calculator's FHA and conventional loan limits are those of all of Minnehaha County.

Your numbers

Local data
$

Starts at the typical home value in Sioux Falls. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,234 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,479

at 7.18% · 30 years

Loan amount
$287,104
Total interest
$413,075
Paid off in
November 2056

Includes $4,938 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,773 a month

  • Tight

    $1,773 to $2,279 a month

  • Hard

    more than $2,279 a month

    Your payment · 39%

Compared with the typical household income in Sioux Falls ($75,970 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,479
Principal & interest$1,945
Property tax$283
Home insurance$122
FHA mortgage insurance (MIP)$129

You need at least $10,234 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Sioux Falls and Minnehaha County

Sioux Falls is in Minnehaha County, South Dakota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Sioux Falls's own numbers

Typical home value
$292,400
Typical monthly rent
$1,035
Typical yearly household income
$75,970
Households that own their home
60%
Effective property tax rate
1.16%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Minnehaha County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,228
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Minnehaha County.

Everything about Minnehaha County

Buying

Buying a home in Sioux Falls

A typical home in Sioux Falls is worth $292,400: about the same as the county and 14% above South Dakota. With the typical household income in Sioux Falls ($75,970 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Sioux Falls 3.8 years
  • Minnehaha 3.7 years
  • South Dakota 3.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Minnehaha County

According to FHFA’s house price index, home prices in Minnehaha County rose 85% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Minnehaha County.

Period County South Dakota U.S.
Last year (2025) +2.1% +3.1% +2.9%
5 years (2020–2025) +46% +50% +47%
10 years (2015–2025) +85% +85% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Sioux Falls next to Minnehaha County, South Dakota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Sioux Falls $292,400
  • Minnehaha $287,600
  • South Dakota $257,400
  • United States $332,700
Typical monthly rent
  • Sioux Falls $1,035
  • Minnehaha $978
  • South Dakota $946
  • United States $1,413
Typical yearly household income
  • Sioux Falls $75,970
  • Minnehaha $76,880
  • South Dakota $75,081
  • United States $80,734
See the full table
Sioux Falls next to Minnehaha County and South Dakota
Measure Sioux Falls Minnehaha County South Dakota U.S.
Typical home value $292,400 $287,600 $257,400 $332,700
Typical monthly rent $1,035 $978 $946 $1,413
Typical yearly household income $75,970 $76,880 $75,081 $80,734
Households that own their home 60% 63% 69% 65%
Typical yearly property tax $3,389 $3,281 $2,724 $3,119
Effective property tax rate 1.16% 1.14% 1.06% 0.94%
Renters with high rent for their income 41% 41% 40% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Minnehaha County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Sioux Falls

For a typical $292,400 home in Sioux Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Sioux Falls's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,479a month

    Least cash to close
    Down payment
    $10,234
    Cash to close
    $19,006
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $129

  • Conventional, 5% down $2,425a month

    Down payment
    $14,620
    Cash to close
    $23,392
    Rate
    7.18%
    Mortgage insurance
    PMI · $139

  • Conventional, 20% down, no PMI $1,989a month

    Down payment
    $58,480
    Cash to close
    $67,252
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,259a month

    Down payment
    $43,860
    Cash to close
    $52,632
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Sioux Falls and for Minnehaha County.

Property tax

Effective rate in Sioux Falls

1.16%of the home’s value each year

$3,389 a year for the typical owner in Sioux Falls.

  • Sioux Falls 1.16%
  • Minnehaha 1.14%
  • South Dakota 1.06%

What South Dakota publishes Owner-occupied classification (South Dakota Department of Revenue (Owner-Occupied Classification tax fact, July 2026))

Exemptions and deadlines in South Dakota

Flood risk in Minnehaha County

FEMA does not publish these numbers by city: they are for all of Minnehaha County.

Homes in the high-risk zone
1%
624
Of those, with NFIP insurance
19%
County South Dakota U.S.
Homes in the high-risk zone 1% 2.3% 3.5%
Of those, with NFIP insurance 19% 14% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Sioux Falls

Typical rent in Sioux Falls is $1,035 a month: 6% above the county. In Sioux Falls, 41% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Minnehaha County, by unit size. To pay the 2-bedroom one ($1,228 a month) without spending more than 30% of your income, you would need to earn $23.62 an hour working full time.

HUD fair market rent for all of Minnehaha County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $941 $18.10 $37,640
1 bedroom $1,044 $20.08 $41,760
2 bedrooms $1,228 $23.62 $49,120
3 bedrooms $1,694 $32.58 $67,760
4 bedrooms $2,053 $39.48 $82,120

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Sioux Falls

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Sioux Falls has 7 ZIP codes with their own.

For 2 bedrooms it runs from $1,120 in 57104 to $1,550 in 57108.

2 of the 7 are above the fair market rent for Minnehaha County ($1,228).

  • 57103 $1,150$1,590
  • 57104 $1,120$1,550
  • 57105 $1,170$1,610
  • 57108 $1,550$2,140
  • 57110 $1,270$1,750
  • 57117 $1,170$1,610
  • 57197 $1,170$1,610

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Sioux Falls when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Sioux Falls

HUD lists 90 buildings with rents for lower incomes in Sioux Falls. These are the largest.

  • Whittier Apartments 709 N Lewis Ave, Sioux Falls 57103 144 low-income homes · For families (605) 331-6947
  • Meadowland Apts 3509 S Marion Rd, Sioux Falls 57106 120 low-income homes · For families (605) 361-2360
  • Meadowland Apartments 3501 S Marion Rd, Sioux Falls 57106 119 low-income homes · 1 bd: 19 · 2 bd: 80 · 3 bd: 20 · In service since 2020
  • Country Meadows I 6200 W 43rd St, Sioux Falls 57106 99 low-income homes · 2 bd: 46 · 3 bd: 53 · In service since 2009
  • Northern Heights (sioux Falls) 1208 E 71st St N, Sioux Falls 57104 96 low-income homes · Studio: 48 · 1 bd: 48 · In service since 2006 · For people with disabilities

See all 99 buildings in Minnehaha County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Sioux Falls

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Minnehaha County; 1 says it serves in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Sioux Falls

No down payment, repair or rent-help program on our list is for Sioux Falls or Minnehaha County. The ones below are statewide in South Dakota: they work in Sioux Falls the same as in the rest of the state.

Which programs do I qualify for? All programs in South Dakota

  • Fixed Rate Plus

    Statewide in South Dakota

    South Dakota state authority mortgage with 3% or 5% of the loan for the down payment and closing costs, as a 0% second mortgage with no payments, repaid when you sell or pay off the home. Offered by South Dakota Housing Development Authority.

    Deferred

    See the program Official page

  • South Dakota Housing Tax Credit (MCC)

    Statewide in South Dakota

    South Dakota state authority certificate that turns part of your mortgage interest into a credit on your federal taxes, of up to $2,000 a year while you live in the home and keep the original mortgage; for first-time buyers, requested through a participating lender before closing. Offered by South Dakota Housing Development Authority.

    Tax credit

    See the program Official page

Housing counselors near Sioux Falls

The HUD-approved agencies closest to the center of Sioux Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lutheran Social Services of South Dakota - CCCS

    705 E 41st St, Sioux Falls · 2 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (605) 330-2700

  • CCCS of LSS - South Dakota

    752 22nd Ave S, Brookings · 52 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (605) 692-9636

  • CCCS of LSS - South Dakota

    920 Broadway Ave, Yankton · 57 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (605) 665-2106

Every agency in Minnehaha County All counseling agencies in South Dakota

Help in Spanish near Sioux Falls

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Sioux Falls

HUD’s record names them for Sioux Falls or Minnehaha County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Sioux Falls Housing and Redevelopment Commission Public housing and Section 8 vouchers (605) 332-0704

All housing agencies in South Dakota Source: HUD

Cities

Other cities in Minnehaha County

These cities are also in Minnehaha County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Minnehaha County Housing in South Dakota

Nearby cities

The cities closest to Sioux Falls, with the typical home value.

Neighboring counties

If Minnehaha County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Sioux Falls.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Sioux Falls

Short answers with the numbers for Sioux Falls and all of Minnehaha County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Sioux Falls?

The typical home value in Sioux Falls is $292,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Minnehaha County it is $287,600.

How much does it cost to rent in Sioux Falls?

Typical rent in Sioux Falls is $1,035 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Minnehaha County is $1,228.

What is the FHA loan limit in Sioux Falls?

Sioux Falls uses the FHA limit for all of Minnehaha County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Sioux Falls?

The typical homeowner in Sioux Falls pays $3,389 a year, according to the U.S. Census Bureau. That is 1.16% of the home’s value; in Minnehaha County, the rate is 1.14%.

Where can I find free help to buy or rent in Sioux Falls?

There is 1 HUD-approved counseling agency with an office in Minnehaha County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).