Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Sioux Falls area can be challenging. Home prices in Sioux Falls are now at a median cost of $247,127, higher than the South Dakota average of $199,518.
The average cost of rent is $982/mo in Sioux Falls, primarily driven by the current value of real estate in the Sioux Falls area. While nearly 35.24% of residents own their homes outright in Sioux Falls, 35.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sioux Falls is $6,522 per month. Households that rent pay about 15.06% of their income on rent here. Sioux Falls's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Pine Lakes Addition, SD: higher priced homes
- Harrisburg, SD: equally priced homes
- Tea, SD: higher priced homes
- Buffalo Ridge, SD: higher priced homes
- Renner Corner, SD: equally priced homes
- Brandon, SD: higher priced homes
- Renner, SD: equally priced homes
- Crooks, SD: equally priced homes
- Rowena, SD: equally priced homes
- Corson, SD: equally priced homes
Cities with Similar Populations
- Simpsonville, SC: equally priced homes
- Shawnee, KS: higher priced homes
- San Mateo, CA: higher priced homes
- Santa Clara, CA: higher priced homes
- San Diego, CA: higher priced homes
- Santa Barbara, CA: higher priced homes
- Saginaw, MI: less expensive homes
- Roswell, GA: higher priced homes
- Sandy Springs, GA: higher priced homes
- Sandy, UT: higher priced homes
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