Sioux Falls, SD Real Estate
According to census data in the year 2000 there were 51,724 housing units in Sioux Falls.
This represents a 24.4% growth from 41,568 in 1990.
Of those housing units, 51,397 were located in either urbanized areas or urban clusters, and 327 were located in what is classified as a rural area.
Homeownership rate in Sioux Falls is about 61%.
Sioux Falls's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Sioux Falls were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 15.70% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 33% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $101,700 |
| Median Price asked for vacant units | $76,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $469 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 10.20% |
| Home Equity Loan | 10% |
| Simple Mortgage | 54.10% |
| Debt Free | 25.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
