Mortgage payment estimates, closing cost breakdowns, and homebuying data for Sioux Falls, South Dakota.
Pre-filled with Sioux Falls median home price and South Dakota tax/insurance rates. Adjust for your property.
Estimated closing costs based on South Dakota rates and fees applied to Sioux Falls prices.
The median home price in Sioux Falls is $295,000, roughly in line with the South Dakota state median of $295,000. With a population of 192,517, Sioux Falls is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in South Dakota average 1.22% annually. This moderate property tax rate means a $295,000 home in Sioux Falls would carry roughly $300/month in property taxes. Homeowners insurance in South Dakota runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Sioux Falls is $1,150/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Sioux Falls presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.