Is Sioux Falls, SD a good place to invest in rental property?

Sioux Falls, SD has a median modeled monthly cash flow of $-1,017 and a median cap rate of 2.6%, on a median sold price of $329,000. Prices changed +0.0% year over year.

What is the average cap rate in Sioux Falls, SD?

The median cap rate across recently sold homes in Sioux Falls, SD is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sioux Falls, SD?

The median sold price in Sioux Falls, SD is $329,000 (about $186 per square foot).

Investing in Sioux Falls, SD Real Estate

A data-driven snapshot of the Sioux Falls, SD rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$329,000Median sold price

$186Median $/sqft

2.6%Median cap rate

$-1,017Modeled cash flow / mo

+0.0%Appreciation YoY

7.6Months of supply

1,775Active listings

2,791Sold (last 12 mo)

What the Sioux Falls numbers say

In Sioux Falls, SD, the median home sold for $329,000 (about $186 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,017 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 7.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other South Dakota markets to compare

See Sioux Falls cash-flowing listings

CashFlowRE ranks every for-sale home in Sioux Falls, SD by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Sioux Falls deals, or browse the national market data.