Cities with the most expensive homes in Sioux Falls metro area

Written by:
February 1, 2023
Konstantin L // Shutterstock

Cities with the most expensive homes in Sioux Falls metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of January 26, 2022, the 30-year fixed mortgage rate sits at 6.13%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by +8.4% to $356,819.

Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.

Stacker compiled a list of cities with the most expensive homes in Sioux Falls using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of December 2022. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 29 cities and towns with data available were included in the list. Charts for each city show the monthly typical home value since January 2018.

You may also like: How gas prices have changed in Sioux Falls in the last week

1 / 29
Stacker

#29. Bridgewater, SD

- Typical home value: $103,877
- 1-year price change: +16.9%
- 5-year price change: data not available

2 / 29
Stacker

#28. Monroe, SD

- Typical home value: $125,686
- 1-year price change: +17.1%
- 5-year price change: data not available

3 / 29
Stacker

#27. Spencer, SD

- Typical home value: $196,701
- 1-year price change: +11.8%
- 5-year price change: +31.6%

4 / 29
Stacker

#26. Salem, SD

- Typical home value: $213,521
- 1-year price change: +15.3%
- 5-year price change: +73.2%

5 / 29
Stacker

#25. Viborg, SD

- Typical home value: $217,598
- 1-year price change: +13.9%
- 5-year price change: +57.2%

You may also like: Highest-rated fine dining restaurants in Sioux Falls, according to Tripadvisor

6 / 29
Stacker

#24. Centerville, SD

- Typical home value: $218,861
- 1-year price change: +13.8%
- 5-year price change: +56.1%

7 / 29
Stacker

#23. Marion, SD

- Typical home value: $227,839
- 1-year price change: +16.1%
- 5-year price change: +57.8%

8 / 29
Stacker

#22. Hurley, SD

- Typical home value: $229,069
- 1-year price change: +14.0%
- 5-year price change: +57.0%

9 / 29
Stacker

#21. Freeman, SD

- Typical home value: $229,887
- 1-year price change: +12.8%
- 5-year price change: +48.4%

10 / 29
Stacker

#20. Garretson, SD

- Typical home value: $253,347
- 1-year price change: +14.4%
- 5-year price change: +59.2%

You may also like: Most expensive homes for sale in Sioux Falls

11 / 29
Stacker

#19. Worthing, SD

- Typical home value: $254,617
- 1-year price change: +12.1%
- 5-year price change: data not available

12 / 29
Stacker

#18. Canton, SD

- Typical home value: $263,608
- 1-year price change: +12.9%
- 5-year price change: data not available

13 / 29
Stacker

#17. Davis, SD

- Typical home value: $265,007
- 1-year price change: +11.6%
- 5-year price change: +62.7%

14 / 29
Stacker

#16. Beresford, SD

- Typical home value: $276,679
- 1-year price change: +13.5%
- 5-year price change: +50.7%

15 / 29
Stacker

#15. Canistota, SD

- Typical home value: $281,218
- 1-year price change: +14.4%
- 5-year price change: +77.4%

You may also like: Highest-earning zip codes in Sioux Falls metro area

16 / 29
Stacker

#14. Parker, SD

- Typical home value: $286,078
- 1-year price change: +15.1%
- 5-year price change: +53.7%

17 / 29
Stacker

#13. Montrose, SD

- Typical home value: $320,404
- 1-year price change: +13.8%
- 5-year price change: +80.5%

18 / 29
Stacker

#12. Sioux Falls, SD

- Typical home value: $321,074
- 1-year price change: +12.8%
- 5-year price change: +52.8%

19 / 29
Stacker

#11. Colton, SD

- Typical home value: $326,638
- 1-year price change: +16.6%
- 5-year price change: +58.6%

20 / 29
Stacker

#10. Harrisburg, SD

- Typical home value: $342,567
- 1-year price change: +13.1%
- 5-year price change: data not available

You may also like: Metros sending the most people to Sioux Falls

21 / 29
Stacker

#9. Valley Springs, SD

- Typical home value: $345,784
- 1-year price change: +16.2%
- 5-year price change: +60.8%

22 / 29
Stacker

#8. Crooks, SD

- Typical home value: $350,421
- 1-year price change: +15.8%
- 5-year price change: +54.4%

23 / 29
Stacker

#7. Dell Rapids, SD

- Typical home value: $354,616
- 1-year price change: +14.5%
- 5-year price change: +57.8%

24 / 29
Stacker

#6. Baltic, SD

- Typical home value: $359,883
- 1-year price change: +14.9%
- 5-year price change: +62.2%

25 / 29
Stacker

#5. Humboldt, SD

- Typical home value: $361,002
- 1-year price change: +16.7%
- 5-year price change: +68.2%

You may also like: Metros where people in Sioux Falls are getting new jobs

26 / 29
Stacker

#4. Brandon, SD

- Typical home value: $378,684
- 1-year price change: +11.9%
- 5-year price change: +53.2%

27 / 29
Stacker

#3. Chancellor, SD

- Typical home value: $396,997
- 1-year price change: +15.7%
- 5-year price change: +64.7%

28 / 29
Stacker

#2. Hartford, SD

- Typical home value: $407,564
- 1-year price change: +15.4%
- 5-year price change: +58.1%

29 / 29
Stacker

#1. Renner, SD

- Typical home value: $490,584
- 1-year price change: +17.1%
- 5-year price change: +65.8%

Trending Now