Property Prices in Sioux Falls, SD, United States

Index Info
Price to Income Ratio: 2.92
Mortgage as Percentage of Income: 26.42%
Loan Affordability Index: 3.78
Price to Rent Ratio - City Centre: 9.59
Price to Rent Ratio - Outside of Centre: 10.91
Gross Rental Yield (City Centre): 10.43%
Gross Rental Yield (Outside of Centre): 9.16%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,168.00 $ 950.00-1,700.00
Apartment (1 bedroom) Outside of Centre 856.00 $ 750.00-1,100.00
Apartment (3 bedrooms) in City Centre 2,666.67 $ 2,000.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,725.00 $ 1,200.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 254.51 $ 209.03-300.00
Price per Square Feet to Buy Apartment Outside of Centre 199.51 $ 190.00-209.03
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,191.08 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.66 6.19-6.80

These data are based on 54 entries in the past 18 months from 19 different contributors.
Last update: October 2024

Sources and References
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