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Sioux Falls, SD Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,262
Monthly Cash Flow
-$818
Principal + Equity
$1,931
Annual Total Gain
$13,356
Cash on Cash
-11.9%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$153
Occupancy Rate
59.26%
Monthly Revenue
$2,063
Monthly Cash Flow
-$327
Principal + Equity
$1,931
Annual Total Gain
$19,252
Cash on Cash %
-4.75%
Net ROI %
Market Health & Growth
Median Income
$74,714
Population
197,642
LTR Renter %
40.03%
Forecast (1 yr)
2.1%
Appreciation (1 yr)
1.56%
Appreciation (5 yr)
39.04%
Appreciation (10 yr)
80.83%
Job Growth
2.28%
LTR Rentability
Very High
STR Demand
70
STR Rentals
517
Top Public Schools
A-Fred Assam Elementary School
A-Brandon Valley Middle School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Buy a House in America
#8out of 229 markets
Cities with the Best Public Schools in America
#44out of 229 markets
Cities with the Lowest Cost of Living in America
#43out of 229 markets
B
Public School
C-
Crime And Safety
B
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Sioux Falls, SD.
As of September 2021, Sioux Falls, SD does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
It is recommended for investors to research and understand the zoning laws and regulations in Sioux Falls, as these can impact the ability to operate an STR in certain areas. Additionally, investors should be aware of any homeowner association rules or restrictions that may prohibit or limit short term rentals in certain neighborhoods.
It is also important for investors to consider the potential impact of taxation on STR income in Sioux Falls. Depending on the rental income generated, investors may be subject to local and state taxes on their earnings.
Overall, while Sioux Falls does not currently have specific regulations in place for STRs, it is important for investors to stay informed about any potential changes in regulations and to carefully consider the legal and financial implications of operating an STR in this market.
Market Trends Over Time
Explore 25 years of market data for Sioux Falls, SD, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Sioux Falls, SD.
The LTR Genie Score of Sioux Falls, SD is 75 and STR Genie Score is 66, indicating a high and moderate level of attractiveness for long-term rental and short-term rental investments, respectively. The LTR Rentability is very high, contributing to the high LTR Genie Score. However, the LTR Rent Growth Rate of 0.0% may have impacted the overall score. On the other hand, the STR Net ROI of 23.34% is higher than the LTR Net ROI of 16.19%, leading to a lower STR Genie Score. The 1-Year Price Appreciation Forecast of 2.1% suggests a stable market with potential for growth.
Sioux Falls, SD is a growing city with a strong economy and a low unemployment rate, making it an attractive market for real estate investors. The city offers a diverse range of housing options and a stable rental market, making it a favorable location for both long-term and short-term rental investments. With a high LTR Genie Score and a moderate STR Genie Score, investors may consider diversifying their portfolio by investing in both rental strategies in Sioux Falls, SD.
LTR Genie Score 93
$84,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,200 sqft.🏠 SINGLE FAMILY
