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Sioux Falls city, SD

ZIP 57104 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57104

Median Home Value
$183,700
Median Rent
$768
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,180/mo PITI).

16%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

19.9 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 57104 in Sioux Falls city, SD, a household would need roughly $51,000 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 $1,180. That sits below the local median household income ($59,161), 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

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
43.6%-33% vs US avg
x
Vacancy Rate
11.2%+9% vs US avg
x
Broadband Access
87.4%+0% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
7.6%-41% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
16.1%-68% vs US avg
x
Mortgage-Free
28.2%-26% vs US avg
x
$183,700
Home Value
$768
Rent
1960
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 detached44.3%
  • 1-unit attached3.0%
  • 2-9 units16.3%
  • 10+ units33.2%
  • Mobile home & other3.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$183,700
Median rent$768
Owner-occupied43.6%
Vacant11.2%
Price-to-income3.1x
Est. income to buy$51,000