Sioux Falls, SD home prices
Typical home $338,663 · +1.1% in a year · income needed $99,200
The Sioux Falls, SD metro area ranks 243 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.1% in a year and +22.3% over five years. With 20% down at 7.11%, the typical home costs about $2,314 a month including 1.14% property tax (Minnehaha County rate).
Mortgage on the typical Sioux Falls home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $67,733 | $270,931 | $1,823 | $0 | $491 | $2,314 | $99,200 |
| 10% down | $33,866 | $304,797 | $2,050 | $127 | $491 | $2,669 | $114,400 |
| 5% down | $16,933 | $321,730 | $2,164 | $134 | $491 | $2,790 | $119,600 |
| 3.5% down (FHA) | $11,853 | $332,529 | $2,237 | $150 | $491 | $2,878 | $123,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.14% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Sioux Falls area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Minnehaha County, SD | $325,224 | +1.3% | 1.14% |
| Lincoln County, SD | $381,169 | +0.7% | 1.15% |
| Turner County, SD | $292,101 | -3.5% | 0.98% |
| McCook County, SD | $290,879 | +5.1% | 1.06% |
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Frequently asked questions
How much is a house in Sioux Falls?
The typical home in the Sioux Falls, SD metro area is worth $338,663 (Zillow, September 2026).
What salary do you need to buy a house in Sioux Falls?
About $99,200 a year for the typical home with 20% down at 7.11%.