There are currently 46,345 real estate properties in Sioux Falls, SD, with a median automated valuation model (AVM) price of $226,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sioux Falls, SD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sioux Falls, SD, is $249,229.00, with the most expensive house in Sioux Falls, SD, topping out at $2,993,000.00 and the cheapest home in Sioux Falls, SD, clocking in at $25,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Sioux Falls, SD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sioux Falls, SD, is on a rollercoaster ride. The average rent price in Sioux Falls, SD, is $1,393.00. Indeed, when looking to rent in Sioux Falls, SD, you can expect to pay as little as $550.00 or as much as $3,200.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Sioux Falls, SD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Sioux Falls, SD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Sioux Falls, SD and much more. Save thousands at closing with home foreclosure listings in Sioux Falls, SD — up to 75% off market value!
Sioux Falls is located in Minnehaha, South Dakota, with an estimated municipal population of 183,793 residents. All of the best foreclosed homes for sale in Sioux Falls are located in the following zip code areas on Foreclosure.com: 57110 57104 57105 57106 57107 57103 57108 57197 57117 57101 57109 57186 57193. The estimated population per square kilometer (.62 miles) in Sioux Falls is 907.
So, about how much do homes cost in Sioux Falls? The most recent median value of resident-owned homes in Sioux Falls is 189,386. An estimated 60.6 percent of households in Sioux Falls own their homes, with an average family size of 3.01. The median household income in Sioux Falls is 59,912, with25.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Sioux Falls, the median commute time of resident workers (in minutes) is 16.9. And last, but certainly not least, are you looking for homes to rent in Sioux Falls? If so, the average rent price paid by renters in Sioux Falls is 827, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Sioux Falls, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Sioux Falls is 34.4, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Sioux Falls is 48.8, with an average family size of 3.01.
The percentage of residents who report their race in Sioux Falls is as follows:
|Black / African American||6.2%|
|American Indian / Alaskan Native||2.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Sioux Falls? Or maybe you are searching for 55+ active adult communities in and/or near Sioux Falls?
The percentage of residents who report their age in Sioux Falls is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Sioux Falls with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Sioux Falls.
How do you know that living in -- or moving to -- Sioux Falls is right where you need to be? Perhaps you grew up in Sioux Falls or already live nearby; therefore, the decision to buy a home in Sioux Falls is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Sioux Falls for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Sioux Falls:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Sioux Falls.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Sioux Falls can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Sioux Falls, meanwhile, can field multiple offers from more qualified buyers.