Welcome to our 57108 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 57108 in Sioux Falls, SD. Discover Section 8 housing opportunities and challenges to maximize your investment potential in LINCOLN 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.
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Location Overview
- Zip Code: 57108
- City: Sioux Falls
- State: SD
- Metro Area: Sioux Falls, SD
- County Name: LINCOLN COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $425,669
- Average Home Price (Single Family Homes): $436,256
- Average Monthly Rental Price (All Types): $1,178
- Price-to-Rent Ratio: 30
- Zillow Projected % appreciation from 4/2023-4/2024: 1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,150
- Average 3 Bedroom Section 8 Rental Rates: $1,540
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 30.85
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 23.03
- Number of Units Offered in Section 8 in the County: 65
- Number of Occupied Units in Section 8 in the County: 60
- Percentage of Section 8 Units Occupied in the County: 92%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 203.48
- Total % Appreciation since 2000 (Government Data): 100.16
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.64%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.86%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.46%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.2%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.18%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.54%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%