According to statistics, the population in Sioux Falls, SD amounts to 170,401, which shows growth 2% compared to the previous year. The median age of the city’s residents is 34. The average household income is $56,714, shifting growth 5% from the past year, and the average property value in Sioux Falls, SD growth 4% to $168,600 throughout the year.
|Number Of Employees||94,693|
|Median Property Value||$168,600|
The average household income in Sioux Falls, SD grew from $54,110 to $56,714 in the past year. This data is an estimate based upon 69,055 households in Sioux Falls, SD . The chart below presents how household income is distributed in Sioux Falls, SD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Sioux Falls, SD shifted from $161,500 to $168,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Sioux Falls, SD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Sioux Falls, SD properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Sioux Falls, SD compared to median property taxes around the country. The prevalent amount of property taxes in Sioux Falls, SD equals $2500, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$943,750||+11%|
|1 bed for sale||$94,450||-37.7%|
|2 bed for sale||$293,413||+22.2%|
|3 bed for sale||$320,738||-1.2%|
|4+ bed for sale||$474,357||-1.8%|
During Jul 2022, the average price for an apartment in/near Sioux Falls, SD decreased by 2.7% to $391,760.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 37.7% to $94,450. Asking price for 2-bed apartment also increased by 22.2% and a place of this size will now cost you $293,413. A 3-bed apartment goes for $320,738, it decreased by 1.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.8% and made it down to $474,357.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$317,048||-2.9%|
|Houses for sale||$400,221||-0.4%|
|Duplexes for sale||$384,900||-58.1%|
|Condos for sale||$303,250||+8.8%|
|Land for sale||$540,350||-54.4%|
Price reports demonstrate that house price decreased by 0.4% this month making it up to $400,221. Condos are really in demand in this season. The median price for a condo increased by 8.8%, it’s now available for $303,250. You can now purchase a duplex for just $384,900, duplex price decreased by 58.1% this month. The property value of townhouses decreased by 2.9%, you’ll have to spend around $317,048 to get one.