Minnehaha County · South Dakota
Sioux Falls, SD housing costs
What a home costs to buy and to rent here, how old the housing stock is, and how much of a paycheck rent takes — all from Census ACS 5-year estimates.
Quick answer
The median home in Sioux Falls, SD is worth $271,400 and median gross rent is $993 a month. That is 11% below the national median home value of $303,400. 60% of occupied homes are owner-occupied, against 65% nationally.
- Median home value
- $271,400#58 of 94 metros
- Median gross rent
- $993/mo#88 of 94 metros
- Owner-occupied
- 60%US average 65%
- Median year built
- 1992Half the homes here are older than this
Can a median household here buy a median home?
Price-to-income is the plainest affordability yardstick there is.
Sioux Falls's median household earns $70,650 a year while the median home is worth $271,400. That is a price-to-income ratio of 3.8×, against roughly 3.9× nationally. Lenders have historically treated anything above 4× as stretched. Renters at the median put 25.7% of household income into gross rent; 30% is the federal threshold for “cost-burdened”.
Related data for Sioux Falls
The same household, seen from three angles.
Tables B25077, B25064, B25003, B25035 and B25071, 2019-2023 ACS 5-year, Census place 4,659,020. Values are place-level, not metro-area-wide.
More Sioux Falls data
Other Sioux Falls datasets on this site.
- Sioux Falls population and income
- Sioux Falls sales tax rate
- Sioux Falls property tax
- Sioux Falls cost of living
- Sioux Falls crime rates
- Sioux Falls public schools
- Sioux Falls weather normals
- Sioux Falls commute times
- Sioux Falls jobs and wages
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