House Charts

Sioux Falls, SD Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Sioux Falls, SD home values are up 1.1% over the past year, to a typical $339k. Typical rent is $1,265 a month (+3.7% in a year).
Typical home value
$339k
+1.1% (+$3,633) in 12 months
Since Dec 2019
+47%
from $230k
Typical rent
$1,265/mo
+3.7% in 12 months
Income needed to buy
$97k/yr
20% down, 30% of income
Days to go under contract
78
September 2026

Sioux Falls, SD home values since 2000

$150k$200k$250k$300k$350k2006200920122015201820212024Peak $340k (Apr 2026)Now $339k

Last few years

$250k$300k$350k20192020202120222023202420252026Peak $340k (Apr 2026)Now $339k

Rent in Sioux Falls, SD

$800$1,000$1,20020162017201820192020202120222023202420252026Now $1,265

Owning vs renting, monthly

Buying the typical Sioux Falls, SD home with 20% down at this week's 7.32% 30-year rate costs about $2,284/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,265/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Sioux Falls, SD vs South Dakota vs the U.S.

Typical home12-month changeTypical rent
This metro$339k+1.1%$1,265/mo
South Dakota$318k+2.3%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Sioux Falls, SD?

No - the typical Sioux Falls, SD-area home value is up 1.1% over the past 12 months, at $339k (September 2026).

Is the Sioux Falls, SD housing market crashing?

Home values are close to their 2020s high and up 1.1% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Sioux Falls, SD?

Typical rent in the Sioux Falls, SD metro is $1,265 a month (September 2026), +3.7% over 12 months.

How much income do you need to buy a home in Sioux Falls, SD?

About $97k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Rochester, MN · Myrtle Beach, SC · Savannah, GA · Tucson, AZ

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Sioux Falls, SD metro area. How we calculate.