Sioux Falls - SD housing market
The Sioux Falls metro has a typical home value of $340,496, up 1.3% from a year ago. Homes sell in 26 days on average, a balanced market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.
Sioux Falls housing market, October 2026
The typical Sioux Falls home is worth $340,496 as of August 2026, down 0.0% from the prior month, down 0.3% over three months, and up 1.3% from a year ago. Over the past two years values have ranged from $330,453 to $341,918.
Homes are going pending in about 26 days, slower than the 17 days seen three months earlier. There are roughly 1,532 homes for sale, 35% more than a year ago. 27.3% of listings have taken a price cut (up from 19.1% three months ago).
Typical rent is $1,288 a month, up 4.3% year over year, which puts the price-to-rent ratio at 22.0.
At this week's 7.40% mortgage rate with 20% down ($68,099), the typical Sioux Falls home costs about $2,312 a month including tax and insurance, which needs a household income of roughly $99,100 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($340,496) is the Zillow Home Value Index for the Sioux Falls - SD metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.3% over the past year. In Sioux Falls - SD, that means a home worth $336,126 last year is now worth roughly $340,496.
The median sale price, what homes actually close for, is $325,834. Homes are selling at 100.5% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Sioux Falls - SD sit on the market for roughly 26 days before going pending. Shorter = seller's market; longer = buyer's market.
About 27.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 457 new listings hit the market each month in Sioux Falls - SD. There are currently 1,532 homes for sale, up 34.9% from a year ago.
The typical monthly rent in Sioux Falls - SD is $1,289, up 4.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 22.0x, renting territory (#29 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,886 a month in principal and interest, $597 more than renting before taxes, insurance and upkeep. The two break even at a 3.93% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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