Sioux Falls, SD 57103 - Real Estate Investment Insights & Performance Data

Welcome to our 57103 real estate data hub, tailored for investors in Sioux Falls, SD. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 57103 in Sioux Falls, SD. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MINNEHAHA COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Sioux Falls, SD real estate investing. Uncover the wealth of information available, and position yourself for success in the Sioux Falls property market.

• Location Overview

  • Zip Code: 57103
  • City: Sioux Falls
  • State: SD
  • Metro Area: Sioux Falls, SD
  • County Name: MINNEHAHA COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $285,401
  • Average Home Price (Single Family Homes): $286,286
  • Average Monthly Rental Price (All Types): $1,294
  • Price-to-Rent Ratio: 18
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.8%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $940
  • Average 3 Bedroom Section 8 Rental Rates: $1,260
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 25.3
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.88
  • Number of Units Offered in Section 8 in the County: 899
  • Number of Occupied Units in Section 8 in the County: 834
  • Percentage of Section 8 Units Occupied in the County: 92.80000305%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 245.86
  • Total % Appreciation since 2000 (Government Data): 129.68
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.59%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.13%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.9%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.9%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 77.68%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.07%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.02%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.61%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%