41 census tracts
Sioux Falls.South Dakota housing market
This Sioux Falls housing market report covers about 80,800 homes across 41 census tracts. Rent takes just 25.8% of household income at the median (its rent-to-income ratio), the 3rd lowest share of the 139 markets PriceDNA tracks. For August 2026, the average listing price is $486,492 across 953 active listings (Realtor.com Economic Research, Monthly Housing Inventory).
- Average listing price
- $486,492 953 active listings · Realtor.com Economic Research, Monthly Housing Inventory · August 2026
- Approximate homes
- 80,800 across 41 assigned tracts
- Renter-occupied
- 40% of occupied homes
Sioux Falls housing market context
- Population grew 2.0% a year from 2020 to 2025, faster than in 130 of the 137 markets with Census population estimates.
- Only 4.9% of homes are vacant, lower than in 117 of the 139 markets.
- Tracts across Sioux Falls are unusually alike on location: the middle half spans 68 to 73 on the Location Score, narrower than in 107 of the 139 markets.
These are city-level figures. To see how one property measures up against your goal, run a specific address.
Location score distribution
How location scores vary across 41 census tracts in Sioux Falls.
Half of Sioux Falls's tracts score between 68 and 73. The full range spans 63 to 81, with a median of 69.8.
What the location score shows
PriceDNA Location Score™ is a 0 to 100 signal designed to summarize local strength and risk context for rental-property analysis. Higher scores generally point to stronger location fundamentals.
The middle half of Sioux Falls's tracts is 5.1 points wide on the score, narrower than in 107 of the 139 markets PriceDNA tracks.
To see the location score for your specific property, analyze a property
Housing composition
Key housing statistics for approximately 80,800 homes in Sioux Falls, including occupancy, tenure, and structure type.
Of about 80,800 homes, 4.9% are vacant. Among occupied homes, 40% are renter-occupied, providing context on the size of the local rental base.
By structure type, about 61% of Sioux Falls’s housing units are in single-family structures, 6% in small multifamily buildings (2 to 4 units), and 29% in larger multifamily buildings (5+ units). Percentages are rounded; small residual structure categories are not shown.
How Sioux Falls compares
Sioux Falls's median is above the South Dakota median on 3 of these 8 measures and above the U.S. median on 4. The city range shows the lower quarter, median and upper quarter of its census tracts.
| Metric | Sioux Falls lower · median · upper Sioux Falls | South Dakota SD | United States US |
|---|---|---|---|
|
Census ACS B19013 · 2020 to 2024
|
$65,616 $76,508 $91,292 | $77,662 | $77,171 |
|
Census ACS B15003 · 2020 to 2024
|
37% 50% 56% | 44% | 41% |
|
Census ACS B01001 · 2020 to 2024
|
31% 34% 40% | 30% | 32% |
|
FHFA HPI · 2025
|
4.5% 4.7% 4.9% | 5.2% | 5.2% |
|
HUD SAFMR · 2018 to 2027 + Census ACS B25064 · 2014 to 2024
|
3.6% 3.9% 4.3% | 4.0% | 3.8% |
|
Census ACS B25103 · 2020 to 2024 + Lincoln Institute
|
1.51% every tract | 1.51% | 1.65% |
|
Census ACS B25141 · 2020 to 2024 + U.S. Treasury FIO
|
0.61% 0.65% 0.67% | 0.77% | 0.56% |
|
Census ACS B25064 + B19013 · 2020 to 2024
|
24.5% 25.8% 27.6% | 25.5% | 30.8% |
About this data
PriceDNA uses the most local reliable data available for each metric. Some signals are available at the census-tract level. Others are published or more reliable at broader geographies such as county, metro, state, or national level.
Housing-unit totals are approximate. PriceDNA sums Census ACS counts for the tracts assigned to the city by centroid, so the market total can differ from a municipal boundary count when a tract crosses the city line.
The property-tax assumption combines local residential tax data with a state-level apartment benchmark to provide more conservative context for rental-property underwriting. Insurance assumptions use available residential property insurance data and should be verified for the specific property and coverage.
These pages are designed for market screening and investor education. They do not replace property-level underwriting, inspections, appraisals, insurance quotes, lender review, or professional advice.
Nearby markets
Market pages for other cities within 300 miles.
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