Sioux Falls housing market: home prices, trends and forecast
Sioux Falls home prices show a typical home in Sioux Falls, South Dakota valued at $330,625 in September 2026 by the Zillow Home Value Index. This was +1.1% higher than a year earlier and −0.5% below the $332,143 peak in April 2026.
- Value of a typical home
- $330,625September 2026, Zillow ZHVI
- Change over 12 months
- +1.1%. Measured from September 2025.
Sioux Falls home prices since 2000
The grey line tracks the United States, and the steel line tracks Sioux Falls. The typical Sioux Falls home rose from $150,497 in September 2006 to $330,625, a multiple of ×2.20, while the US gained ×1.75 over those same months. The boom high was $158,244 in December 2008; the low was $152,769 in May 2011, −3.5%.
Yearly median home price for Sioux Falls
Each yearly figure is the average of twelve monthly values; the 2026 figure shows the latest month.
| Year | Sioux Falls | Change on the year | United States |
|---|---|---|---|
| 2007 | $153,644 | $208,449 | |
| 2008 | $157,356 | +2.4% | $195,574 |
| 2009 | $156,873 | −0.3% | $177,542 |
| 2010 | $155,035 | −1.2% | $171,462 |
| 2011 | $153,343 | −1.1% | $162,508 |
| 2012 | $156,993 | +2.4% | $161,137 |
| 2013 | $164,676 | +4.9% | $171,420 |
| 2014 | $169,925 | +3.2% | $182,996 |
| 2015 | $178,003 | +4.8% | $192,738 |
| 2016 | $187,966 | +5.6% | $204,509 |
| 2017 | $196,797 | +4.7% | $216,767 |
| 2018 | $207,733 | +5.6% | $230,541 |
| 2019 | $220,023 | +5.9% | $242,088 |
| 2020 | $232,389 | +5.6% | $257,151 |
| 2021 | $262,607 | +13.0% | $295,959 |
| 2022 | $300,924 | +14.6% | $340,014 |
| 2023 | $310,578 | +3.2% | $348,160 |
| 2024 | $320,843 | +3.3% | $359,751 |
| 2025 | $327,036 | +1.9% | $362,959 |
| September 2026 | $330,625 | +1.1% | $366,157 |
Current value of homes bought in Sioux Falls by year
This estimate uses an index for a typical home and is not an appraisal.
Each year's number averages its twelve monthly index values; the current value is September 2026. Additional options: home appreciation calculator.
Considering a sale? On Realtor.com, compare local agents. Advertising disclosure: the site may receive payment for a link like this one, and that payment never changes a number. Disclosure.
Sioux Falls housing market forecast
For the Sioux Falls, SD metro, Zillow's forecast is +3.0% during the 12 months beginning September 2026 and +1.1% for the next three months. Sioux Falls's typical value stands at $330,625; the forecast would put it near $340,500 in one year.
The figure here restates Zillow's central estimate for the metro, while the site does not publish a separate forecast. Forecasts of this kind over 12 months have typically differed from the realised change by several percentage points, sometimes above and sometimes below. This is not investment advice.
All metro forecasts sit in a single table: housing market forecast.
Sioux Falls housing market crash risk score
54 of 100, on the high side
Sioux Falls is ranked against 292 cities based on five conditions that were high before past price declines. Each input is scored from 0 to 100 compared with the other cities, then the five scores are averaged with equal weight. It shows conditions today; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +3.2% | 51 | 20% |
| Time homes remain listed vs 2019 | +14.3% | 69 | 20% |
| Price-to-rent ratio | 21.5 | 68 | 20% |
| Price-to-income ratio | 4.3 | 37 | 20% |
| 12-month price change | +1.1% | 47 | 20% |
This is not investment advice. Scoring details for the inputs: methodology. Rankings for all 292 cities: crash risk by city.
Sioux Falls inventory and days on market
During September 2026 the Sioux Falls, SD metro counted 1,469 homes available for sale, up +6.5% from a year earlier and +3.2% from the same month of 2019. A median of 48 days was needed to sell (+14.3% against 2019), and price cuts affected 17.1% of listings.
| Sioux Falls, SD metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,469 | +6.5% |
| New listings | 434 | |
| Median days on market | 48 | −8.2% |
| Median list price | $362,200 | −2.1% |
| Share with a price cut | 17.1% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Sioux Falls rent and cost of living
The Zillow Observed Rent Index places the typical asking rent in Sioux Falls at $1,279 each month, +3.9% over a year. Paying 21.5 years of that rent would cover the cost of the typical home. The median household income stands at $77,208 (Census ACS 2024), while the typical home costs 4.3 times one year's income. BEA assigns the metro a price index of 90.6, compared with a US average of 100, and a housing cost index of 77.6.
Other housing markets in South Dakota
- Rapid City $360,913
Statewide: South Dakota housing market.
How to read this chart
Every point plots the Zillow Home Value Index for Sioux Falls, which measures a typical home in the market's middle third, smoothed and seasonally adjusted, in dollars for the month. The hollow dot identifies the month selected on the slider, while the terracotta dot shows the latest month. Inflation is not factored into these figures, and the index tracks the typical home rather than one particular house: work out the value of a single house from its sale price using the card above or the home appreciation calculator.