Sioux City appreciation rates and housing market information

Sioux City housing market information

With 85,040 people, 33,812 houses or apartments, and a median cost of homes of $106,804, house prices in Sioux City are solidly below the national average.

single-family detached homes are the single most common housing type in Sioux City, accounting for 68.47% of the city's housing units. Other types of housing that are prevalent in Sioux City include large apartment complexes or high rise apartments (15.73%), duplexes, homes converted to apartments, or other small apartment buildings (8.70%), mobile homes or trailers (4.46%), and a few row houses and other attached homes (2.64%).

Dwellings in Sioux City tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 49.55% of the homes in Sioux City have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sioux City's housing was primarily built during this period, from the '40s through the '60s. A full 36.40% of the city's housing hails from this era. Other housing ages represented in Sioux City include homes built between 1939 and earlier (35.55%), and housing constructed from 1970-1994 (22.55%). There's also some housing in Sioux City built between 1995 and later (5.50%).

Sioux City home appreciation rates

Sioux City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sioux City during the period has been just 5.00%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sioux City home appreciation rates, at 2.50%, have been at or slightly above the national average. In the latest quarter, Sioux City's appreciation rate has been 0.84%, which annualizes to a rate of 3.36%.

Relative to Iowa, our data show that Sioux City's latest annual appreciation rate is higher than 32% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sioux City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sioux City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Sioux City real estate investment or home purchase decisions.