Metropolitan Area

Sioux Falls, SD

South Dakota0
52
/100
Hold
#693 of 894 metros
Top 77% nationally for investing

Market Snapshot

$342,936
Median Home Price
35% above national median
$1,309/mo
Median Rent
5% below national median
4.58%
Rent-to-Price Ratio
Top 82% nationally
-$947
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Home values and rents: available snapshot

Only one observation is stored for Sioux Falls, SD. A historical trend cannot be calculated from this snapshot.

Typical home value (ZHVI)
$342,936
Source period: 2026-05-31
Monthly rent index (ZORI)
$1,309
Source period: 2026-05-31

Stored snapshot: 2026-06-29. Source dates describe the underlying observations, not today’s market.

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$342,936
Down Payment (20%)$68,587
Loan Amount$274,349
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,309
Monthly P&I-$1,798
Est. Expenses (35%)-$458
Net Cash Flow-$946/mo
3.0%
Cap Rate (all cash)
-14.4%
Cash-on-Cash Return
4.58%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.0% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Score Breakdown

Overall Investment Score
52/100
52
Cash Flow(30%)
39/100

Based on 4.58% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
65/100

Based on 1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
57/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.58%)
  • -Negative cash flow at typical financing (-$947/mo)
  • -Negative leverage (cap rate 3.0% < mortgage rate 6.9%)

Counties in Sioux Falls, SD

County data is being compiled for this metro area.

Section 8 in Sioux Falls, SD: payment standards by ZIP, PHA waitlist status, and voucher counts are on VoucherMatch, the same HUD dataset with the tenant demand side attached.

Compare to Similar Metros

Metro AreaVerdict
Waycross, GA
Waycross, GA
72$174,474$1,0257.05%BuyView
Maryville, MO
Maryville, MO
72$222,578Est.BuyView
Auburn, NY
Auburn, NY
72$231,300$1,3406.95%BuyView
Shawnee, OK
Shawnee, OK
72$195,990$1,1346.95%BuyView
Tiffin, OH
Tiffin, OH
72$179,031$9626.44%BuyView
Current
Sioux Falls, SD
52$342,936$1,3094.58%Hold

The Bottom Line

HoldSioux Falls, SD is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Sioux Falls, SD metro area scores 52/100, ranking #693 of 894 US metros (top 77%). The 4.58% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-947/mo
Cap Rate
3.0%
Cash-on-Cash
-16.6%

Ready to Invest in Sioux Falls, SD?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.