Real Estate Investing in Sioux Falls, South Dakota (57107)
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Should you buy in 57107 (Sioux Falls, SD)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Sioux Falls, SD (57107)?
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Market Analysis: 57107 Sioux Falls
ZIP 57107 in Sioux Falls, SD carries a notable set of headwinds. Home values near $331K and rents of $1,290/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57107 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within SD, ZIP 57107 trails on several market indicators that neighboring Minnehaha County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 57107 ZIP's population of 11,655 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategically, 57107 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Sioux Falls:
Property Strategy for 57107
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $255,871 | $1,240 | 3.5% | +6.1% | $127,935 |
| 3BR | $316,135 | $1,700 | 3.9% | +6.4% | $105,378 |
| 4BR | $353,176 | $2,080 | 4.2% | +6.8% | $88,294 |
| 5BR | $573,394 | — | — | — | $114,679 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57107 Compare?
| Metric | 57107 | Sioux Falls | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $330,893 | $220,477 | N/A | $311,504 |
| 5-Year CAGR | 4.7% | 5.0% | N/A | 6.8% |
| Avg Rent | $1,290 | $1,290 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57107 (Sioux Falls, SD). Anonymous, moderated, never written by AI.
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Property managers serving Minnehaha County
Manage rentals here? List your business →Costello Companies offers apartments and townhomes in South Dakota. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $330,893 |
| Monthly Rent | $1,290 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 57107
Population: 11,655
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 57107
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,030 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Sioux Falls, SD better for rentals, flips, or BRRRR?
Sioux Falls, SD investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($331K prices, $1,290/mo rents) make it a reasonable choice.
How deep is the rental pool in Sioux Falls, SD?
Expect a solid tenant pool in Sioux Falls, SD. The rental market absorbs $1,290/mo rents without meaningful friction.
What is the average monthly rent in Sioux Falls, SD?
Expect rents around $1,290/mo per month in Sioux Falls, SD. With home values at $331K, the yield math works out to reasonable levels for rental investors.
Can I house hack in Sioux Falls, SD?
Sioux Falls, SD offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,290/mo rent level.
Is vacancy a concern in Sioux Falls, SD?
Rental vacancy in Sioux Falls, SD is elevated. Investors should budget normal turnover but not chronic empty units.
You know 57107 now. You don’t know where it ranks.
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How 57107 ranks in Sioux Falls, SD
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