Sioux Falls
South Dakota · Ranked #21 of 102 metros
65Moderate
Median Home Price
🏠$300K
Need $86K income
Median Rent
🔑$1K
Need $42K income
Housing Shortage
📉5,000
units needed
Building Permits
🔨3,500
annual
Median Income
💰$65K
Pop: 286,478
Rent Burden
⚠️27.0%
of renters paying >30%
Price Change (YoY)
📈+5%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Sioux Falls | National |
|---|---|---|
| Price-to-Income Ratio | 4.6x | 6.1x |
| Rent Burden | 27.0% | 31.5% |
| Homeownership Rate | 66.0% | 65.5% |
| YoY Price Change | +5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 11.0% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |