Sioux Falls South Dakota Area Home Supply Charts

This page looks at a variety of Sioux Falls South Dakota housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Sioux Falls shows it has a Housing Units of 81,744 which is ranked #1 of all places in the greater Sioux Falls region.

Figure 2 illustrates the housing density in the Sioux Falls housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Sioux Falls shows it has a Housing Density of 1090.9 which is the largest of all places in the greater Sioux Falls region. Comparing housing density to the United States average of 39.5, Sioux Falls is appreciably bigger. Also, benchmarked against the state of South Dakota, housing density of 5.2, Sioux Falls is quite a bit bigger.

In Figure 4, Sioux Falls area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Sioux Falls shows it has a Housing Unit Change of 23.3% which is the second most housing units of all the places in the greater Sioux Falls region. The city with the highest change in the housing units in the area is Harrisburg which depicts a housing units of 60.5% (approximately 2.6 times bigger). Comparing change in the housing units to the United States average of 7.4%, Sioux Falls is approximately 3.2 times bigger. Also, versus the state of South Dakota, change in the housing units of 7.8%, Sioux Falls is approximately 3.0 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Sioux Falls depicts it has a Renter Percent of 39.7% which is at the top of all other places in the greater Sioux Falls region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 60.3% which is the smallest when ranked by owner percent of all the other places in the local area.

Sioux Falls South Dakota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Sioux Falls home price is illustrated for this community and a useful analysis of affordable housing. Sioux Falls depicts it has a Median Home Value of $218,600 which is the second smallest in terms of median home price of all the other places in the area. The city with the highest median home price in the area is Shindler CDP which shows a home price of $393,100 (79.8% larger). Figure 8 provides aggregate comparative data for the Sioux Falls South Dakota metro area in terms of the median housing rental rate, apartment rent, etc. Sioux Falls shows it has a Median Gross Rent of $892 which is the third most rental rates of all other places in the greater Sioux Falls region. The city with the highest rental rates in the area is Harrisburg which shows a rental rates of $1,071 (20.1% larger). Comparing rental rates to the United States average of $1,163, Sioux Falls is approximately three-fourths the size. Also, measured against the state of South Dakota, rental rates of $809, Sioux Falls is 10.3% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Sioux Falls has the largest proportion of home price worth less than $50,000 at 5% of the total and is ranked #1. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 32% of the total and is ranked #3. Only #2 Renner Corner CDP (34%), and #1 Meadow View Addition CDP (47%) are larger.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Sioux Falls depicts it has a Median Owner Cost of $1,196 which is less than most other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Sioux Falls metro area. it has a Owner Cost as % of HH Income of 17% which is in the middle range of other places in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Sioux Falls depicts it has a Median Home Value as Percent of Median Earnings of 454% which is less than most other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Sioux Falls depicts it has a Median Owner Costs-With Mortgage of $1,481 which is the smallest when sorted by median housing cost of all the other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $530 which is less than most other places in the metropolitan area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Sioux Falls has one of the largest proportions of owner cost less than $300 at 9% of the total and is ranked #2. The only larger city being Harrisburg with 9%. Second, it has one of the largest proportions of owner cost between $500 and $700 at 13% of the total and is ranked #2. The only larger city being Pine Lakes Addition CDP with 16%. Third, it has one of the largest proportions of owner cost between $700 and $1,000 at 27% of the total and is ranked #2. The only larger city being Harrisburg with 33%. Also, it has less than most other places in the greater region as measured by owner cost between $1,000 and $1,500 at 17% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Sioux Falls shows it has a % of Income Owner Costs-With Mortgage of 20% which is in the middle range of other places in the local area. The city with the highest cost as a percent of household income in the area is Shindler CDP which shows a cost as a percent of household income of 23% (17.3% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Sioux Falls depicts it has a % of Income Owner Costs-No Mortgage of 9% which is in the mid point range of other places in the greater region. The city with the highest cost as a percent of household income in the area is Meadow View Addition CDP which depicts a cost as a percent of household income of 23% (approximately 2.6 times bigger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Sioux Falls has one of the largest proportions of rent as a percent of income is less than 10 pct at 26% of the total and is ranked #2. The only larger city being Meadow View Addition CDP with 65%. Second, it has in the mid range of other places in the local area in order of rent as a percent of income is between 10pct to 20pct at 26% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 15% of the total and is ranked #2. The only larger city being Harrisburg with 22%. Also, it has one of the largest proportions of rent as a percent of income is between 30pct to 40pct at 8% of the total and is ranked #2. The only larger city being Harrisburg with 10%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Sioux Falls has the largest proportion of housing cost between $500 and $700 at 25% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,862 which is less than most other places in the metro area. The city with the highest median real estate taxes paid in the area is Shindler CDP which shows a taxes paid of $4,576 (59.9% larger). Comparing median real estate taxes paid to the United States average of $2,690, Sioux Falls is 6.4% larger. Also, in comparison with the state of South Dakota, median real estate taxes paid of $2,331, Sioux Falls is 22.8% larger.

Figure 23 shows the rental rate distribution for this area. Sioux Falls South Dakota has the largest proportion of rent less than 300 dollars at 4% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 300 and 500 dollars at 22% of the total and is ranked #2. The only larger city being Harrisburg with 23%. Third, it has one of the largest proportions of rent between 500 and 750 dollars at 36% of the total and is ranked #2. The only larger city being Meadow View Addition CDP with 74%. Also, it has in the mid point range of other places in the metro area when sorted by rent between 750 and 1000 dollars at 27% of the total. In addition, it has one of the largest proportions of rent between 1000 and 1500 dollars at 6% of the total and is ranked #3. Only #2 Harrisburg (27%), and #1 Anderson CDP (100%) are larger. Furthermore, it has the largest proportion of rent between $1,500 and $2,500 at 1% of the total and is ranked #1. Next it has the largest proportion of rent between $2,500 and $3,500 at 0% of the total and is ranked #1.

Sioux Falls South Dakota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Sioux Falls has one of the largest proportions of With mortgage at 59% of the total and is ranked #3. Only #2 Anderson CDP (60%), and #1 Harrisburg (71%) are larger. Second, it has less than most other places in the metropolitan area when sorted by Primary Mortgage with 2nd Mortgage and HELOC at 6% of the total. Third, it has the largest proportion of Primary Mortgage and HELOC at 1% of the total and is ranked #1. Also, it has in the center range of other places in the surrounding region when ranked by With HELOC no Primary Mortgage at 33% of the total.

Sioux Falls South Dakota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is less than most other places in the local area. The city with the highest family members per housing unit in the area is Meadow View Addition CDP which depicts a family members per housing unit of 4.6 (48.2% larger). Comparing family members per housing unit to the United States average of 3.3, Sioux Falls is about 5.9% smaller. Also, compared with the state of South Dakota, family members per housing unit of 3.2, Sioux Falls is about the same size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.7 which is the smallest in terms of average number of rooms in a house of all the other places in the metropolitan area. The city with the highest average number of rooms in a house in the area is Pine Lakes Addition CDP which shows an average number of rooms in a house of 10.0 (75.4% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1990 which is in the center range of other places in the metro area. The city with the highest year built in the area is Harrisburg which shows a year built of 2005 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 18% of the total and is ranked #2. The only larger city being Harrisburg with 28%. Second, it has in the middle range of other places in the greater region when ranked by homes built between 2010 to 2019 at 18% of the total. Third, it has less than most other places in the local area in terms of homes built between 1980 to 1989 at 12% of the total. Also, it has the largest proportion of homes built between 1960 to 1969 at 8% of the total and is ranked #1. In addition, it has the largest proportion of homes built between 1940 to 1949 at 9% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has the largest proportion of owner housing units at 30,668 of the total and is ranked #1.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 7% of the total and is ranked #1. Second, it has the largest proportion of one unit attached at 2% of the total and is ranked #1. Third, it has the largest proportion of 2 units at 4% of the total and is ranked #1. Also, it has one of the largest proportions of 3 or 4 units at 5% of the total and is ranked #2. The only larger city being Harrisburg with 7%. In addition, it has the largest proportion of 5 to 9 units at 8% of the total and is ranked #1. Furthermore, it has the largest proportion of 10 to 19 units at 9% of the total and is ranked #1. Next it has the largest proportion of 20 to 49 units at 5% of the total and is ranked #1. Additionally, it has the largest proportion of mobile home at 0% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2014 or later at $335,800 of the total and is ranked #1. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $245,800 of the total and is ranked #2. The only larger city being Shindler CDP with $403,700. Third, it has in the mid point range of other places in the area when ranked by value of homes built 2000 to 2009 at $238,500 of the total. Also, it has the largest proportion of value of homes built 1990 to 1999 at $207,200 of the total and is ranked #1. In addition, it has in the intermediate range of other places in the greater region in terms of value of homes built 1980 to 1989 at $194,200 of the total. Furthermore, it has the largest proportion of value of homes built 1970 to 1979 at $177,800 of the total and is ranked #1. Next it has the largest proportion of value of homes built 1960 to 1969 at $161,800 of the total and is ranked #1. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $156,700 of the total and is ranked #1. And then, it has the largest proportion of value of homes built 1940 to 1949 at $140,100 of the total and is ranked #1.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 5% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Sioux Falls residents. it has a Owner-Household Size of 2.6 which is less than most other places in the local area. The city with the highest homeowner household size in the area is Anderson CDP which shows a homeowner household size of 3.4 (32.2% larger).

Figure 37 shows the household size for renters. Sioux Falls shows it has a Renter-Household Size of 2.0 which is less than most other places in the metro area. The city with the highest renter household size in the area is Meadow View Addition CDP which shows a renter household sizes of 3.3 (61.0% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2015 to 2018 at 22% of the total and is ranked #2. The only larger city being Harrisburg with 28%. Second, it has less than most other places in the metro area in order of owners moved in 2000 to 2009 at 10% of the total. Figure 39 shows the year that people who rent moved into the area. Sioux Falls has the percentage of renters moved in 2019 or later in the mid range of other places in the metro area at 51% of the total. Second, it has the largest proportion of renters moved in 2010 to 2014 at 5% of the total and is ranked #1. Third, it has the largest proportion of renters moved in 2000 to 2009 at 1% of the total and is ranked #1. Also, it has the largest proportion of renters moved in 1990 to 1999 at 1% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2011 which is the third most median year that a home owner moved in of all other places in the greater Sioux Falls region. Figure 41 compares the median year that renters moved into their home. Sioux Falls depicts it has a Renter Median Year Moved In of 2017 which is the largest of all places in the metropolitan area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of homes using natural gas less than most other places in the metro area at 1% of the total. Second, it has one of the largest proportions of home using bottled, tank, or lp gas at 29% of the total and is ranked #3. Only #2 Shindler CDP (30%), and #1 Anderson CDP (41%) are larger. Third, it has the largest proportion of homes using kerosene or other fuel oils at 0% of the total and is ranked #1. Also, it has the largest proportion of homes using coal or coke at 0% of the total and is ranked #1. In addition, it has in the mid range of other places in the local area when ranked by homes using solar energy at 1% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Sioux Falls housing department, South Dakota department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Sioux Falls depicts it has a Total In Group Quarters of 5,758 which is the largest of all places in the area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Sioux Falls residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Sioux Falls has the largest proportion of number of people under 18 years of age and in group quarters at 94% of the total and is ranked #1.