Sioux Falls, SD Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Sioux Falls, SD offers balanced conditions for buyers.
- •Prices are essentially flat (1.4% YoY) — good negotiating leverage for buyers.
- •Price-to-rent ratio: 21.5 — renting may be more affordable in the near term.
Median Home Value
$332,513
ZHVI
Year-over-Year
+1.4%
Price change
5-Year Change
+34.7%
Since 2021
Median Rent
$1,289/mo
ZORI
Active Listings
1,104
For sale
State Avg
$312,005
South Dakota
Home Value Trends
5-year Zillow Home Value Index for Sioux Falls, SD vs. state and national averages.
Rent Data
Median Rent
$1,289/mo
Rent YoY Change
+2.7%
Other Markets in South Dakota
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.