Cities with the fastest growing home prices in Sioux Falls metro area

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November 23, 2022
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Cities with the fastest growing home prices in Sioux Falls metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Sioux Falls, SD metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 32 cities and towns in Sioux Falls.

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#30. Hudson, Hudson

- 1-year price change: +$18,390 (+8.4%)
- 5-year price change: +$256,147 (data not available)
- Typical home value: $238,573 (#23 most expensive city in metro)
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Stacker

#29. Spencer, Spencer

- 1-year price change: +$18,453 (+10.2%)
- 5-year price change: +$48,497 (+32.2%)
- Typical home value: $199,205 (#30 most expensive city in metro)
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#28. Freeman, Freeman

- 1-year price change: +$27,188 (+13.9%)
- 5-year price change: +$68,672 (+44.4%)
- Typical home value: $223,381 (#26 most expensive city in metro)
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#27. Viborg, Viborg

- 1-year price change: +$27,784 (+14.9%)
- 5-year price change: +$73,424 (+52.1%)
- Typical home value: $214,354 (#27 most expensive city in metro)
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#26. Salem, Salem

- 1-year price change: +$28,310 (+15.5%)
- 5-year price change: +$90,313 (+74.7%)
- Typical home value: $211,137 (#29 most expensive city in metro)

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#25. Worthing, Worthing

- 1-year price change: +$28,349 (+12.8%)
- 5-year price change: +$90,313 (data not available)
- Typical home value: $249,225 (#22 most expensive city in metro)
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#24. Centerville, Centerville

- 1-year price change: +$29,374 (+15.9%)
- 5-year price change: +$76,108 (+55.3%)
- Typical home value: $213,736 (#28 most expensive city in metro)
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#23. Hurley, Hurley

- 1-year price change: +$30,478 (+15.6%)
- 5-year price change: +$76,760 (+51.6%)
- Typical home value: $225,649 (#24 most expensive city in metro)
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#22. Canton, Canton

- 1-year price change: +$31,233 (+13.7%)
- 5-year price change: +$76,760 (data not available)
- Typical home value: $258,668 (#20 most expensive city in metro)
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#21. Davis, Davis

- 1-year price change: +$31,713 (+13.6%)
- 5-year price change: +$99,787 (+60.7%)
- Typical home value: $264,165 (#19 most expensive city in metro)

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#20. Marion, Marion

- 1-year price change: +$32,930 (+17.2%)
- 5-year price change: +$81,543 (+57.3%)
- Typical home value: $223,831 (#25 most expensive city in metro)
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#19. Beresford, Beresford

- 1-year price change: +$34,932 (+14.8%)
- 5-year price change: +$89,670 (+49.3%)
- Typical home value: $271,465 (#17 most expensive city in metro)
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#18. Garretson, Garretson

- 1-year price change: +$36,953 (+17.4%)
- 5-year price change: +$93,593 (+60.1%)
- Typical home value: $249,286 (#21 most expensive city in metro)
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#17. Canistota, Canistota

- 1-year price change: +$37,223 (+15.4%)
- 5-year price change: +$123,261 (+79.5%)
- Typical home value: $278,292 (#16 most expensive city in metro)
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#16. Lennox, Lennox

- 1-year price change: +$37,242 (+15.9%)
- 5-year price change: +$123,261 (data not available)
- Typical home value: $271,452 (#18 most expensive city in metro)

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#15. Parker, Parker

- 1-year price change: +$38,081 (+15.8%)
- 5-year price change: +$96,490 (+52.8%)
- Typical home value: $279,275 (#15 most expensive city in metro)
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#14. Sioux Falls, Sioux Falls

- 1-year price change: +$42,043 (+15.3%)
- 5-year price change: +$107,916 (+51.7%)
- Typical home value: $316,789 (#13 most expensive city in metro)
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#13. Harrisburg, Harrisburg

- 1-year price change: +$42,298 (+14.3%)
- 5-year price change: +$107,916 (data not available)
- Typical home value: $338,916 (#11 most expensive city in metro)
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#12. Montrose, Montrose

- 1-year price change: +$43,696 (+16.1%)
- 5-year price change: +$146,655 (+86.8%)
- Typical home value: $315,601 (#14 most expensive city in metro)
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#11. Tea, Tea

- 1-year price change: +$46,856 (+15.2%)
- 5-year price change: +$146,655 (data not available)
- Typical home value: $355,164 (#6 most expensive city in metro)

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#10. Crooks, Crooks

- 1-year price change: +$50,216 (+17.3%)
- 5-year price change: +$115,628 (+51.6%)
- Typical home value: $339,873 (#10 most expensive city in metro)
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#9. Brandon, Brandon

- 1-year price change: +$51,297 (+15.9%)
- 5-year price change: +$128,492 (+52.4%)
- Typical home value: $373,880 (#4 most expensive city in metro)
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#8. Colton, Colton

- 1-year price change: +$52,302 (+18.9%)
- 5-year price change: +$120,060 (+57.4%)
- Typical home value: $329,241 (#12 most expensive city in metro)
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#7. Baltic, Baltic

- 1-year price change: +$55,884 (+18.7%)
- 5-year price change: +$135,518 (+61.9%)
- Typical home value: $354,421 (#7 most expensive city in metro)
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#6. Humboldt, Humboldt

- 1-year price change: +$55,918 (+18.7%)
- 5-year price change: +$137,047 (+62.7%)
- Typical home value: $355,463 (#5 most expensive city in metro)

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#5. Chancellor, Chancellor

- 1-year price change: +$56,046 (+16.9%)
- 5-year price change: +$154,188 (+66.0%)
- Typical home value: $387,654 (#3 most expensive city in metro)
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#4. Dell Rapids, Dell Rapids

- 1-year price change: +$56,369 (+18.9%)
- 5-year price change: +$129,196 (+57.4%)
- Typical home value: $354,399 (#8 most expensive city in metro)
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#3. Hartford, Hartford

- 1-year price change: +$60,732 (+18.1%)
- 5-year price change: +$141,461 (+55.4%)
- Typical home value: $396,989 (#2 most expensive city in metro)
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#2. Valley Springs, Valley Springs

- 1-year price change: +$62,960 (+22.2%)
- 5-year price change: +$133,070 (+62.2%)
- Typical home value: $347,034 (#9 most expensive city in metro)
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#1. Renner, Renner

- 1-year price change: +$77,036 (+19.2%)
- 5-year price change: +$182,451 (+61.6%)
- Typical home value: $478,613 (#1 most expensive city in metro)

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