Sioux Falls, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sioux Falls Neighborhoods Since 2000




Sioux Falls, SD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sioux Falls Housing Market Information

With a population of 171,544, 65,538 total housing units (homes and apartments), and a median house value of $176,092, Sioux Falls real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sioux Falls, accounting for 57.67% of the city's housing units. Other types of housing that are prevalent in Sioux Falls include large apartment complexes or high rise apartments ( 25.50%), row houses and other attached homes ( 6.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.05%).

The most prevalent building size and type in Sioux Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.11% owning and 40.89% renting.

There is a lot of housing in Sioux Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sioux Falls built between 2000 and later ( 25.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.35%). There's also some housing in Sioux Falls built before 1939 ( 8.63%).

Sioux Falls Home Appreciation Rates

In the last 10 years, Sioux Falls has experienced some of the highest home appreciation rates of any community in the nation. Sioux Falls real estate appreciated 17.45% over the last ten years, which is an average annual home appreciation rate of 1.62%, putting Sioux Falls in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sioux Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sioux Falls's appreciation rate, at 5.34%, has been at or slightly above the national average. In the latest quarter, Sioux Falls's appreciation rate has been 1.51%, which annualizes to a rate of 6.18%.

Relative to South Dakota, our data show that Sioux Falls's latest annual appreciation rate is higher than 70% of the other cities and towns in South Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sioux Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sioux Falls - 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 2000, to assist you in making the best Sioux Falls real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,092

Sioux Falls, SD HOME PRICES

Value Range
> $1,147,000 0.7
$860,001 - $1,147,000 0.3
$573,001 - $860,000 1.4
$459,001 - $573,000 1.9
$344,001 - $459,000 5.8
$229,001 - $344,000 16.4
$115,001 - $229,000 51.0
$57,001 - $115,000 13.7
$0 - $57,000 8.7

Very High for SD
High for Nation

Value Relative to Nation Value Relative to State
39.5757646783077 16.6666666666667

Number Of Homes And Apartments:
65,538

Sioux Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
44.17% 2.14% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$968 / per month

Homeownership Rate

Homeownership
Owners 59.11
Renters 40.89
Vacant 6.03

Housing Market Details

 

Age of Homes

AGE OF Sioux Falls HOMES
2000 or Newer 25.7
1970 - 1999 43.3
1940 - 1969 22.3
1939 or Older 8.6

Types of Homes

TYPE OF Sioux Falls HOMES
Single-Family 57.7
Townhomes 6.6
Small Apt. Buildings 6.1
Apt. Complexes 25.5
Mobile Homes 4.1
Other 0.1

Home Size

SIZE OF Sioux Falls HOMES
No Bedroom 1.42
1 Bedroom 12.30
2 Bedrooms 30.60
3 Bedrooms 29.75
4 Bedrooms 19.16
5 or more bedrooms 6.77