Much like its surrounding areas, it's a little less expensive compared to the rest of the country.
Home prices
The value of the median home in Sioux Falls is $189,800. It is roughly $4,183 (2%) lower compared to the surrounding areas.Compared to the entire nation it is about $27,700 (12%) lower.
Rents
The median monthly rent in Sioux Falls is $827. Compared to its nearby areas this is approximately $120 (12%) lower.It is roughly $235 (22%) lower compared to the nation as a whole.
Nearby places
Meadow View Addition
Meadow View Addition is Sioux Falls's neighbor to the north. Its real estate prices are a little less expensive. The median home in Meadow View Addition costs $157,300, which comes out to $32,500 (20%) lower than Sioux Falls. The rent there is somewhat more expensive. Meadow View Addition's median monthly rent is $895, which comes out to $68 (7%) higher than Sioux Falls.
Harrisburg
Harrisburg is roughly 7 miles south of Sioux Falls. The real estate prices there are similar. The median home value in Harrisburg is $199,200, which is $9,400 (4%) higher than Sioux Falls. Its rents are a little more expensive. The median monthly rent in Harrisburg is $941, which works out to $114 (12%) higher than Sioux Falls.
Tea
Tea is roughly 7 miles southwest from Sioux Falls. Real estate prices there are pretty similar. The median home value in Tea is $199,300, which comes out to $9,500 (4%) higher than Sioux Falls. Its rents are a little more expensive. In Tea the median rent is $971 per month, which is $144 (14%) higher than Sioux Falls.
Brandon
Brandon is roughly 7 miles northeast from Sioux Falls. Real estate prices there are a little more expensive. The median home in Brandon is valued at $225,200, which comes out to $35,400 (15%) higher than Sioux Falls. Rents there are a bit more expensive. The median rent in Brandon is $926 a month, which works out to $99 (10%) higher than Sioux Falls.
Crooks
Crooks is approximately 8 miles northwest of Sioux Falls. Housing prices there are pretty similar. The median home in Crooks costs $198,900, which works out to $9,100 (4%) higher than Sioux Falls. Rents there are a little more expensive. Crooks's median rent is $1,114 a month, which comes out to $287 (25%) higher than Sioux Falls.
Hartford
Hartford is about 10 miles northwest from Sioux Falls. Its real estate prices are similar. The median home in Hartford costs $184,000, which comes out to $5,800 (3%) lower than Sioux Falls. The rent there is pretty similar. The median monthly rent in Hartford is $833, which is very similar to Sioux Falls.