Real Estate Investing in Sioux Falls, South Dakota (57110)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57110 (Sioux Falls, SD)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 26.5 — hard to cash-flow at these prices.
What’s happening in Sioux Falls, SD (57110)?
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Market Analysis: 57110 Sioux Falls
Investors eyeing 57110 need to respect the fundamentals at play. Home values of $433K come alongside slower price movement and elevated management overhead.
For an experienced owner, 57110 can be a a credible choice for hunting ground — but the discount at $433K reflects genuine risk that outside investors often underestimate.
Within SD, ZIP 57110 trails on several market indicators that neighboring Minnehaha County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 57110 includes headwinds that any investor should price in. Income distribution skews lower than Sioux Falls averages, and tenant stability requires active management.
The 57110 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Sioux Falls:
Property Strategy for 57110
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $327,123 | $1,210 | 2.7% | +6.1% | $163,561 |
| 3BR | $366,477 | $1,660 | 3.3% | +6.9% | $122,159 |
| 4BR | $422,582 | $2,030 | 3.5% | +6.6% | $105,645 |
| 5BR | $627,144 | — | — | +7.9% | $125,429 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57110 Compare?
| Metric | 57110 | Sioux Falls | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $433,409 | $220,477 | N/A | $311,504 |
| 5-Year CAGR | 4.5% | 5.0% | N/A | 6.8% |
| Avg Rent | $1,364 | $1,290 | N/A | - |
| Cap Rate | 2.5% | 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 57110 (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 | $433,409 |
| Monthly Rent | $1,364 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +2.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 57110
Population: 22,017
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 57110
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Anne Sullivan Elementary - 20
Cleveland Elementary - 14
Laura B. Anderson Elementary - 10
Terry Redlin Elementary - 11
Whittier Middle School - 08
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 ($433K prices, $1,364/mo rents) make it a reasonable choice.
How much does a house cost in Sioux Falls, SD?
Homes in Sioux Falls, SD typically sell near $433K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is Sioux Falls, SD a good market for buy-and-hold investors?
Investors tracking Sioux Falls, SD will find a 3.0/5 rating supported by $433K median home values and $1,364/mo rents. That profile suits long-term holders targeting steady returns.
Are eviction rules reasonable in Sioux Falls, SD?
For rental operators, Sioux Falls, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How tight is the rental market in Sioux Falls, SD?
Sioux Falls, SD carries elevated vacancy risk. Expect steady absorption at market rents of $1,364/mo.
You know 57110 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57110 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 57110 ranks in Sioux Falls, SD
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