How much house does $500,000 buy you in Sioux Falls?

Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000. 

These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.

While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Sioux Falls?

To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Sioux Falls right now. Listings below $500,000 were included if necessary.

204 E 81St Pl, Sioux Falls, SD 57108
- Price: $485,000
- 5 bedrooms, 3.8 bathrooms
- Square feet: 2,980
- See 204 E 81St Pl, Sioux Falls, SD 57108 on Redfin.com

4704 S Tomar Rd, Sioux Falls, SD 57105
- Price: $500,000
- 5 bedrooms, 3.3 bathrooms
- Square feet: 3,360
- See 4704 S Tomar Rd, Sioux Falls, SD 57105 on Redfin.com

46202 267Th St, Hartford, SD 57033
- Price: $499,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,612
- See 46202 267Th St, Hartford, SD 57033 on Redfin.com

1313 W Creekside Dr, Brandon, SD 57005
- Price: $495,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,686
- See 1313 W Creekside Dr, Brandon, SD 57005 on Redfin.com

500 W Lincoln Ave, Viborg, SD 57070
- Price: $500,000
- 5 bedrooms, 2.8 bathrooms
- Square feet: 3,310
- See 500 W Lincoln Ave, Viborg, SD 57070 on Redfin.com

316 S Country Club Ave, Brandon, SD 57005
- Price: $499,900
- 5 bedrooms, 2.8 bathrooms
- Square feet: 3,140
- See 316 S Country Club Ave, Brandon, SD 57005 on Redfin.com

406 S Shebal Ave, Harrisburg, SD 57032
- Price: $494,500
- 5 bedrooms, 2.8 bathrooms
- Square feet: 2,668
- See 406 S Shebal Ave, Harrisburg, SD 57032 on Redfin.com

935 N Spencer Ln, Tea, SD 57064
- Price: $489,900
- 5 bedrooms, 2.8 bathrooms
- Square feet: 2,612
- See 935 N Spencer Ln, Tea, SD 57064 on Redfin.com

39 N 6Th St, Baltic, SD 57003
- Price: $485,000
- 5 bedrooms, 2.8 bathrooms
- Square feet: 2,601
- See 39 N 6Th St, Baltic, SD 57003 on Redfin.com

7000 S Hughes Ave, Sioux Falls, SD 57108
- Price: $489,900
- 4 bedrooms, 3.8 bathrooms
- Square feet: 3,134
- See 7000 S Hughes Ave, Sioux Falls, SD 57108 on Redfin.com

1005 N Breckenridge Cir, Sioux Falls, SD 57110
- Price: $487,500
- 4 bedrooms, 3.3 bathrooms
- Square feet: 2,136
- See 1005 N Breckenridge Cir, Sioux Falls, SD 57110 on Redfin.com

8111 S Seven Oaks Dr, Sioux Falls, SD 57108
- Price: $489,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,742
- See 8111 S Seven Oaks Dr, Sioux Falls, SD 57108 on Redfin.com

169 Central Park Ct, Harrisburg, SD 57032
- Price: $494,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,446
- See 169 Central Park Ct, Harrisburg, SD 57032 on Redfin.com

1107 S Foss Ave, Sioux Falls, SD 57110
- Price: $497,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,610
- See 1107 S Foss Ave, Sioux Falls, SD 57110 on Redfin.com

1109 S Foss Ave, Sioux Falls, SD 57110
- Price: $495,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,610
- See 1109 S Foss Ave, Sioux Falls, SD 57110 on Redfin.com

5504 S Solono Ave, Sioux Falls, SD 57108
- Price: $489,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,492
- See 5504 S Solono Ave, Sioux Falls, SD 57108 on Redfin.com

7604 E Palomino Rd, Sioux Falls, SD 57110
- Price: $490,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,056
- See 7604 E Palomino Rd, Sioux Falls, SD 57110 on Redfin.com

47847 272Nd St, Harrisburg, SD 57032
- Price: $499,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,900
- See 47847 272Nd St, Harrisburg, SD 57032 on Redfin.com

6332 S Badlands Ct, Sioux Falls, SD 57108
- Price: $494,000
- 3 bedrooms, 2.8 bathrooms
- Square feet: 2,826
- See 6332 S Badlands Ct, Sioux Falls, SD 57108 on Redfin.com

201 E 3Rd St, Marion, SD 57043
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,627
- See 201 E 3Rd St, Marion, SD 57043 on Redfin.com

5301 E 63Rd St, Sioux Falls, SD 57108
- Price: $489,950
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,463
- See 5301 E 63Rd St, Sioux Falls, SD 57108 on Redfin.com

924 Dows St, Garretson, SD 57030
- Price: $485,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,200
- See 924 Dows St, Garretson, SD 57030 on Redfin.com

25756 454Th Ave, Montrose, SD 57048
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,660
- See 25756 454Th Ave, Montrose, SD 57048 on Redfin.com

8125 Norway Pne, Sioux Falls, SD 57110
- Price: $494,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,638
- See 8125 Norway Pne, Sioux Falls, SD 57110 on Redfin.com

804 Johnson Creek Ct, Harrisburg, SD 57032
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,488
- See 804 Johnson Creek Ct, Harrisburg, SD 57032 on Redfin.com

1220 N Rose Ave, Tea, SD 57064
- Price: $489,800
- 3 bedrooms, 1.8 bathrooms
- Square feet: 1,547
- See 1220 N Rose Ave, Tea, SD 57064 on Redfin.com

5405 E Brennan Dr, Sioux Falls, SD 57110
- Price: $492,800
- 3 bedrooms, 1.8 bathrooms
- Square feet: 1,500
- See 5405 E Brennan Dr, Sioux Falls, SD 57110 on Redfin.com

809 Yuzina Ave, Harrisburg, SD 57032
- Price: $499,900
- 3 bedrooms, 1.8 bathrooms
- Square feet: 1,496
- See 809 Yuzina Ave, Harrisburg, SD 57032 on Redfin.com

5413 E 64Th St, Sioux Falls, SD 57108
- Price: $489,950
- 3 bedrooms, 1.8 bathrooms
- Square feet: 1,466
- See 5413 E 64Th St, Sioux Falls, SD 57108 on Redfin.com

4310 S Minnesota Ave, Sioux Falls, SD 57105
- Price: $500,000
- 2 bedrooms, 2.3 bathrooms
- Square feet: 2,656
- See 4310 S Minnesota Ave, Sioux Falls, SD 57105 on Redfin.com