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Sioux Falls city, SD

ZIP 57107 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57107

Median Home Value
$250,700
Median Rent
$977
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,610/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 57107 in Sioux Falls city, SD, a household would need roughly $69,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,610. That sits below the local median household income ($76,719), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.3%+6% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
96.5%+11% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
2.8%-59% vs US avg
x
Rent Burden >30%
19.0%-62% vs US avg
x
Mortgage-Free
41.3%+8% vs US avg
x
$250,700
Home Value
$977
Rent
2004
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached45.9%
  • 1-unit attached9.7%
  • 2-9 units6.1%
  • 10+ units16.4%
  • Mobile home & other21.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$250,700
Median rent$977
Owner-occupied69.3%
Vacant3.1%
Price-to-income3.3x
Est. income to buy$69,000