Sioux Falls, SD · South Dakota

Minnehaha County

200,689 residents1,878 permits TTM$76,074 median HHI19 ZIP codesUpdated April 28, 2026
Investor first look

Median home value

$266,600

ACS 5-Year

Cap rate proxy

4.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

15.0%

HUD FMR ÷ ACS HHI

Net migration

+1.99%

IRS SOI

Permits (TTM)

1,878

Census BPS

Climate risk

89.5

FEMA NRI (0–100)

ZIP code breakdown19 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
571046.3%
571055.5%
570414.3%
571174.3%
571974.3%

Ranked by composite score

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Demographics

Owner-occupied

63.5%

Census ACS

Vacancy rate

5.3%

Census ACS

Bachelor's degree +

34.6%

Census ACS

Rent burdened

37.5%

Census ACS (>30% income)

Median age

35.7

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026