SIOUX FALLS Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Sioux Falls averaged 6.75% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.78% and one month ago for the week of 2023-02-09, the average rate was 5.97%.

    Sioux Falls's average rate one year ago was 3.23%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.51%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Sioux Falls 30 Year Fixed Rate 2023-03-16 6.75%
    Sioux Falls 30 Year Fixed Rate Refi 2023-03-16 6.51%
    Sioux Falls 15 Year Fixed Rate 2023-03-16 6.39%
    Sioux Falls 15 Year Fixed Rate Refi 2023-03-16 5.99%
    Sioux Falls 30 Year FHA 2023-03-16 6.08%
    Sioux Falls 30 Year FHA Refi 2023-03-16 5.9%
    Sioux Falls 30 Year USDA 2023-03-16 5.99%
    Sioux Falls 30 Year USDA Refi 2023-03-16 5.78%
    Sioux Falls 30 Year VA 2023-03-16 5.95%
    Sioux Falls 30 Year VA Refi 2023-03-16 5.87%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SIOUX FALLS, SD.

    SIOUX FALLS Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the SIOUX FALLS, SD market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Plains Commerce Bank 783 4.99% $4,597
    First PREMIER Bank 341 4.80% $4,792
    First Dakota National Bank 218 4.52% $4,428
    First Bank & Trust 200 4.45% $5,592
    SIOUX FALLS 146 4.63% $4,323
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 135 5.13% $3,629
    Wells Fargo Bank 129 4.61% $3,621
    The First National Bank in Sioux Falls 112 4.41% $4,794
    American Bank & Trust 111 4.57% $4,385
    CORTRUST MORTGAGE, INC. 109 4.85% $5,120
    Central Bank 102 4.34% $5,031
    Reliabank Dakota 101 4.78% $4,534
    First International Bank & Trust 97 4.73% $4,516
    QUICKEN LOANS, LLC 97 5.06% $7,099
    U.S. Bank 86 4.98% $3,874
    First Interstate Bank 82 4.80% $3,854
    CU MORTGAGE DIRECT, LLC 78 5.09% $3,614
    BLACK HILLS FEDERAL CREDIT UNION 78 3.47% $6,063
    CROSSCOUNTRY MORTGAGE, LLC 77 5.48% $6,311
    GUARANTEED RATE, INC. 45 4.85% $4,348
    UNITED WHOLESALE MORTGAGE, LLC 25 5.17% $3,251
    First National Bank of Omaha 24 5.60% $5,181
    Dacotah Bank 22 5.28% $3,530
    LOANDEPOT.COM, LLC 21 4.53% $8,537
    Flagstar Bank, FSB 17 5.56% $3,464
    IOWA BANKERS MORTGAGE CORPORATION 16 4.39% $3,796
    JPMorgan Chase Bank 15 4.17% $6,331
    Mr. Cooper ( Nationstar Mortgage ) 15 5.00% $6,818
    Citizens Bank 14 4.38% $5,471
    PENNYMAC LOAN SERVICES, LLC 14 5.03% $5,592
    KELLER MORTGAGE, LLC 13 4.67% $3,154
    American State Bank 12 4.46% $3,348
    HOME POINT FINANCIAL CORPORATION 11 4.55% $4,428
    AMERISAVE MORTGAGE CORPORATION 11 3.95% $6,836
    BANKWEST, INC. 11 4.90% $5,469
    DAS Acquisition Company, LLC 9 5.01% $4,559
    BETTER MORTGAGE CORPORATION 8 4.08% $2,925
    FIRST COMMUNITY MORTGAGE, INC. 8 6.66% $5,258
    Minnwest Bank 8 5.67% $4,279
    First National Bank 8 5.55% $3,671
    BROKER SOLUTIONS, INC. 7 4.96% $5,127
    FREEDOM MORTGAGE CORPORATION 7 5.64% $4,995
    Heritage Bank 6 4.58% $5,973
    Flanagan State Bank 6 5.69% $7,283
    Carrington Mortgage Services, LLC 6 4.10% $7,129
    Great Western Bank 6 3.25% $2,277
    NBKC BANK 5 4.93% $3,654
    The Huntington National Bank 5 4.47% $3,312
    NEWREZ LLC 5 4.38% $5,060
    MUTUAL OF OMAHA MORTGAGE, INC. 5 4.10% $4,890
    WINGS FINANCIAL 4 3.97% $2,745
    Alerus Financial 4 5.50% $5,065
    CMG MORTGAGE, INC. 4 4.71% $6,509
    First Western Bank & Trust 4 4.25% $1,601
    Unify Home Lending Inc. 4 4.53% $6,035
    Northwest Bank 4 4.13% $5,361
    CALIBER HOME LOANS, INC. 4 3.74% $7,968
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 4.28% $4,800
    Bell Bank 4 4.47% $4,173
    LAKEVIEW LOAN SERVICING, LLC 4 4.19% $4,385
    AMERICAN FINANCING CORPORATION 4 4.91% $6,887
    Prosperity Home Mortgage, LLC 4 5.94% $4,553
    Arvest Bank 4 4.69% $4,482
    NAVY FEDERAL CREDIT UNION 3 4.58% $7,498
    Truist 3 3.63% $4,090
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.37% $6,896
    Ally Bank 3 4.88% $2,084
    Bank of the West 3 4.67% $3,273
    Bank Midwest 3 3.83% $3,942
    EVERETT FINANCIAL, INC. 2 6.00% $2,052
    Farm Credit Mid-America, ACA 2 3.68% $7,256
    USAA Federal Savings Bank 2 4.63% $4,039
    First Savings Bank 2 5.75% $1,667
    Mortgage Research Center, LLC 2 3.18% $2,609
    NexBank 2 5.19% $5,176
    CHERRY CREEK MORTGAGE, LLC 2 4.88% $613
    PREMIA MORTGAGE, LLC 2 5.88% $574
    Old National Bank 2 4.50% $2,627
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.13% $2,569
    ZILLOW HOME LOANS, LLC 2 5.56% $4,571
    Simmons Bank 1 3.88% $2,167
    American Mortgage & Equity Consultants, Inc. 1 5.25% $3,370
    Amerifirst Financial, Inc. 1 5.63% $4,640
    Bank of America 1 4.63% $3,893
    Barrington Bank & Trust Company, N.A. 1 5.13% $4,244
    Baxter Credit Union 1 5.50% $2,407
    BMO Harris Bank 1 4.13% $4,900
    Bremer Bank 1 3.88% $12,147
    Cf Bank 1 2.75% $7,999
    Charles Schwab Bank, SSB 1 3.25% $3,329
    Chicago Mortgage Solutions LLC 1 2.87% $1,950
    CHURCHILL MORTGAGE CORPORATION 1 7.50% $3,172
    Citibank 1 5.13% $2,984
    Commerce Bank 1 3.38% $4,429
    Community Mortgage Banc Corporation 1 6.50% $2,269
    Deere Employees Credit Union 1 2.25% $1,828
    DIGITAL Federal Credit Union 1 5.13% $2,371
    Discover Bank 1 3.49% $0
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 4.75% $4,730
    First Bank 1 3.38% $3,176
    FirstBank 1 3.50% $1,536
    First Internet Bank of Indiana 1 3.88% $2,623
    FOUR POINTS 1 5.00% $2,297
    Frandsen Bank & Trust 1 4.38% $6,220
    Gate City Bank 1 3.88% $1,460
    Goldwater Bank, N.A. 1 5.88% $1,702
    Grand Bank for Savings, FSB 1 8.13% $3,021
    GUILD MORTGAGE COMPANY 1 7.50% $2,857
    HIWAY 1 5.75% $4,234
    Home Federal Savings & Loan Association of Grand Island 1 5.25% $2,142
    HOMESTAR FINANCIAL CORPORATION 1 6.00% $5,511
    INLAND BANK & TRUST 1 5.88% $2,624
    KeyBank 1 4.63% $2,481
    MEMBER FIRST MORTGAGE, LLC 1 5.38% $2,884
    Morgan Stanley Private Bank 1 5.10% $3,807
    MORIA DEVELOPMENT, INC. 1 4.00% $5,924
    MOVEMENT MORTGAGE, LLC 1 3.88% $4,489
    Nations Lending Corporation 1 3.38% $7,357
    NBH Bank 1 4.88% $3,296
    North American Savings Bank, F.S.B. 1 5.13% $2,448
    Northpointe Bank 1 3.75% $3,762
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $1,787
    PHH Mortgage Corporation 1 3.75% $10,725
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.99% $7,076
    Semper Home Loans, Inc. 1 5.13% $2,738
    Sierra Pacific Mortgage Company, Inc. 1 5.25% $5,478
    Access Bank 1 5.50% $2,154
    Sunflower Bank 1 5.63% $13,089
    Think Mutual Bank 1 3.88% $4,479
    UBS Bank USA 1 4.25% $3,419
    VERIDIAN CREDIT UNION 1 6.38% $1,786
    Wyndham Capital Mortgage, Inc. 1 6.50% $4,614

    SIOUX FALLS Average Closing Costs & Other Stats

    SIOUX FALLS, SD's 132 lenders originated 9,141 loans during 2022. The total origination value was $2,626,745,000, with an average loan value of $287,359.

    SIOUX FALLS's average closing costs are $4,570.

    The top SIOUX FALLS lender as defined by loan originations is Plains Commerce Bank, with 783 loans originated. Their average total fees are $4,597, which is $196 lower than the next largest lender, First PREMIER Bank.

    The lowest fee SIOUX FALLS lenders (with over 10 loans originated) are KELLER MORTGAGE, LLC ($3,154), UNITED WHOLESALE MORTGAGE, LLC ($3,251), American State Bank ($3,348), Flagstar Bank, FSB ($3,464) and Dacotah Bank ($3,530).

    The lowest rate SIOUX FALLS lenders (with over 10 loans originated) are BLACK HILLS FEDERAL CREDIT UNION (3.47%), AMERISAVE MORTGAGE CORPORATION (3.95%), JPMorgan Chase Bank (4.17%), Central Bank (4.34%) and Citizens Bank (4.38%).

    SIOUX FALLS, SD Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Plains Commerce Bank $620,320,000 $398,920,000 -35.7% 15.2%
    First PREMIER Bank $351,320,000 $218,935,000 -37.7% 8.3%
    First Dakota National Bank $237,625,000 $139,155,000 -41.4% 5.3%
    First Bank & Trust $232,160,000 $133,895,000 -42.3% 5.1%
    Central Bank $83,100,000 $101,535,000 22.2% 3.9%
    First International Bank & Trust $82,280,000 $95,655,000 16.3% 3.6%
    First Interstate Bank $770,000 $92,635,000 11,930.5% 3.5%
    SIOUX FALLS $156,630,000 $91,410,000 -41.6% 3.5%
    Wells Fargo Bank $131,340,000 $90,175,000 -31.3% 3.4%
    Security National Bank of South Dakota $31,370,000 $84,340,000 168.9% 3.2%
    Reliabank Dakota $83,905,000 $67,145,000 -20.0% 2.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $85,510,000 $66,520,000 -22.2% 2.5%
    American Bank & Trust $66,985,000 $65,520,000 -2.2% 2.5%
    The First National Bank in Sioux Falls $114,250,000 $64,050,000 -43.9% 2.4%
    U.S. Bank $82,975,000 $52,015,000 -37.3% 2.0%
    BLACK HILLS FEDERAL CREDIT UNION $25,960,000 $51,035,000 96.6% 1.9%
    QUICKEN LOANS, LLC $82,945,000 $41,040,000 -50.5% 1.6%
    Grandbridge Real Estate Capital LLC $71,885,000 $39,595,000 -44.9% 1.5%
    CROSSCOUNTRY MORTGAGE, LLC $44,465,000 $37,925,000 -14.7% 1.4%
    CORTRUST MORTGAGE, INC. $95,550,000 $35,300,000 -63.1% 1.3%
    SERVICE FIRST FEDERAL CREDIT UNION $11,710,000 $35,145,000 200.1% 1.3%
    CorTrust Bank $56,090,000 $33,270,000 -40.7% 1.3%
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $14,980,000 $30,715,000 105.0% 1.2%
    CU MORTGAGE DIRECT, LLC $79,730,000 $28,815,000 -63.9% 1.1%
    BANKWEST, INC. $6,785,000 $27,530,000 305.7% 1.0%
    Minnwest Bank $15,365,000 $25,235,000 64.2% 1.0%
    GUARANTEED RATE, INC. $58,145,000 $25,065,000 -56.9% 1.0%
    NORTHMARQ CAPITAL FINANCE, L.L.C. $24,145,000 n/a 0.9%
    Cornerstone Bank $14,755,000 $23,745,000 60.9% 0.9%
    Citizens Community Federal $20,925,000 n/a 0.8%
    Mortgage Research Center, LLC $22,530,000 $19,435,000 -13.7% 0.7%
    First National Bank of Omaha $2,575,000 $14,240,000 453.0% 0.5%
    Merchants Bank of Indiana $7,200,000 $14,150,000 96.5% 0.5%
    Heritage Bank $23,750,000 $13,990,000 -41.1% 0.5%
    American State Bank $20,885,000 $13,610,000 -34.8% 0.5%
    VOYAGE FEDERAL CREDIT UNION $10,085,000 $13,540,000 34.3% 0.5%
    LOANDEPOT.COM, LLC $19,270,000 $10,935,000 -43.3% 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $30,730,000 $10,460,000 -66.0% 0.4%
    SIOUX EMPIRE $10,305,000 n/a 0.4%
    Dacotah Bank $11,320,000 $10,070,000 -11.0% 0.4%
    Flagstar Bank, FSB $19,470,000 $9,895,000 -49.2% 0.4%
    PENNYMAC LOAN SERVICES, LLC $16,755,000 $8,680,000 -48.2% 0.3%
    JPMorgan Chase Bank $6,120,000 $8,025,000 31.1% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $10,300,000 $6,955,000 -32.5% 0.3%
    FREEDOM MORTGAGE CORPORATION $23,335,000 $6,900,000 -70.4% 0.3%
    DAS Acquisition Company, LLC $6,450,000 $6,200,000 -3.9% 0.2%
    Great Western Bank $102,640,000 $5,665,000 -94.5% 0.2%
    NAVY FEDERAL CREDIT UNION $8,290,000 $5,615,000 -32.3% 0.2%
    First Savings Bank $520,000 $5,585,000 974.0% 0.2%
    Citizens Bank $14,085,000 $4,825,000 -65.7% 0.2%
    Liberty National Bank $4,025,000 $4,825,000 19.9% 0.2%
    HOME POINT FINANCIAL CORPORATION $10,155,000 $4,555,000 -55.1% 0.2%
    Farm Credit Mid-America, ACA $8,525,000 $4,420,000 -48.2% 0.2%
    IOWA BANKERS MORTGAGE CORPORATION $12,715,000 $4,410,000 -65.3% 0.2%
    Flanagan State Bank $8,620,000 $4,300,000 -50.1% 0.2%
    AMERISAVE MORTGAGE CORPORATION $13,050,000 $4,160,000 -68.1% 0.2%
    CMG MORTGAGE, INC. $2,785,000 $3,935,000 41.3% 0.1%
    Northwest Bank $2,180,000 $3,880,000 78.0% 0.1%
    NEWREZ LLC $4,880,000 $3,555,000 -27.2% 0.1%
    BROKER SOLUTIONS, INC. $3,320,000 $3,510,000 5.7% 0.1%
    KELLER MORTGAGE, LLC $9,635,000 $3,370,000 -65.0% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,650,000 $3,330,000 101.8% 0.1%
    First National Bank $3,740,000 $3,295,000 -11.9% 0.1%
    Security Savings Bank $3,265,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $7,200,000 $3,245,000 -54.9% 0.1%
    The Huntington National Bank $1,265,000 $3,215,000 154.2% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $3,045,000 n/a 0.1%
    USAA Federal Savings Bank $3,390,000 $2,905,000 -14.3% 0.1%
    NBKC BANK $810,000 $2,765,000 241.4% 0.1%
    The Federal Savings Bank $1,935,000 $2,495,000 28.9% 0.1%
    Carrington Mortgage Services, LLC $3,825,000 $2,375,000 -37.9% 0.1%
    PENTAGON FEDERAL CREDIT UNION $1,330,000 $2,205,000 65.8% 0.1%
    Alerus Financial $535,000 $2,175,000 306.5% 0.1%
    Prosperity Home Mortgage, LLC $1,945,000 n/a 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,315,000 $1,915,000 45.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $8,075,000 $1,900,000 -76.5% 0.1%
    Bank of America $3,745,000 $1,775,000 -52.6% 0.1%
    FINANCE OF AMERICA REVERSE LLC $1,930,000 $1,745,000 -9.6% 0.1%
    Unify Home Lending Inc. $1,110,000 $1,680,000 51.4% 0.1%
    Independent Bank $215,000 $1,615,000 651.2% 0.1%
    NEW DAY FINANCIAL, LLC $4,990,000 $1,565,000 -68.6% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,565,000 n/a 0.1%
    Truist $3,230,000 $1,490,000 -53.9% 0.1%
    CALIBER HOME LOANS, INC. $19,910,000 $1,440,000 -92.8% 0.1%
    First Western Bank & Trust $1,440,000 n/a 0.1%
    BMO Harris Bank $55,000 $1,430,000 2,500.0% 0.1%
    Discover Bank $1,075,000 $1,315,000 22.3% 0.1%
    AMERICAN FINANCING CORPORATION $1,465,000 $1,260,000 -14.0% 0.0%
    Midstates Bank $565,000 $1,210,000 114.2% 0.0%
    Premier Bank $3,120,000 $1,205,000 -61.4% 0.0%
    EVERETT FINANCIAL, INC. $660,000 $1,180,000 78.8% 0.0%
    Bell Bank $2,350,000 $1,175,000 -50.0% 0.0%
    Ally Bank $2,305,000 $1,170,000 -49.2% 0.0%
    Bank of the West $870,000 $1,125,000 29.3% 0.0%
    VILLAGE CAPITAL MORTGAGE $4,280,000 $1,125,000 -73.7% 0.0%
    21ST MORTGAGE CORPORATION $515,000 $1,065,000 106.8% 0.0%
    WINGS FINANCIAL $490,000 $1,020,000 108.2% 0.0%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $1,015,000 n/a 0.0%
    The Security National Bank of Sioux City, Iowa $970,000 n/a 0.0%
    S1L, Inc. $265,000 $965,000 264.2% 0.0%
    Stifel Bank and Trust $1,095,000 $890,000 -18.7% 0.0%
    Availa Bank $865,000 n/a 0.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $570,000 $850,000 49.1% 0.0%
    Charles Schwab Bank, SSB $845,000 n/a 0.0%
    Commerce Bank $835,000 n/a 0.0%
    North American Savings Bank, F.S.B. $2,145,000 $765,000 -64.3% 0.0%
    PREMIA MORTGAGE, LLC $320,000 $735,000 129.7% 0.0%
    UBS Bank USA $1,565,000 $725,000 -53.7% 0.0%
    CHERRY CREEK MORTGAGE, LLC $540,000 $710,000 31.5% 0.0%
    Arvest Bank $2,295,000 $665,000 -71.0% 0.0%
    Northpointe Bank $575,000 $665,000 15.7% 0.0%
    Bank Midwest $1,250,000 $650,000 -48.0% 0.0%
    Bremer Bank $2,450,000 $645,000 -73.7% 0.0%
    Cf Bank $645,000 n/a 0.0%
    Paramount Bank $1,475,000 $640,000 -56.6% 0.0%
    ZILLOW HOME LOANS, LLC $175,000 $620,000 254.3% 0.0%
    Central Bank Illinois $615,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $595,000 n/a 0.0%
    HOMESTAR FINANCIAL CORPORATION $515,000 $590,000 14.6% 0.0%
    First Bank $565,000 n/a 0.0%
    Barrington Bank & Trust Company, N.A. $2,470,000 $550,000 -77.7% 0.0%
    FirstBank $735,000 $540,000 -26.5% 0.0%
    Wyndham Capital Mortgage, Inc. $890,000 $530,000 -40.4% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $225,000 $525,000 133.3% 0.0%
    Old National Bank $520,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $470,000 $495,000 5.3% 0.0%
    KeyBank $495,000 n/a 0.0%
    Simmons Bank $495,000 n/a 0.0%
    Sierra Pacific Mortgage Company, Inc. $165,000 $485,000 193.9% 0.0%
    SOUTHPOINT FINANCIAL $390,000 $470,000 20.5% 0.0%
    NexBank $450,000 n/a 0.0%
    Chicago Mortgage Solutions LLC $445,000 n/a 0.0%
    Think Mutual Bank $415,000 $440,000 6.0% 0.0%
    CHURCHILL MORTGAGE CORPORATION $1,385,000 $435,000 -68.6% 0.0%
    The Union Bank Company $425,000 n/a 0.0%
    Citibank $1,215,000 $415,000 -65.8% 0.0%
    Goldwater Bank, N.A. $435,000 $415,000 -4.6% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $2,105,000 $415,000 -80.3% 0.0%
    Five Points Bank $405,000 n/a 0.0%
    Citizens Alliance Bank $400,000 n/a 0.0%
    COMPEER FINANCIAL, FLCA $450,000 $395,000 -12.2% 0.0%
    Sunflower Bank $395,000 n/a 0.0%
    GREENSTATE CREDIT UNION $385,000 n/a 0.0%
    American Mortgage & Equity Consultants, Inc. $325,000 $380,000 16.9% 0.0%
    Cornerstone First Mortgage, Inc $375,000 n/a 0.0%
    Stockman Bank of Montana $375,000 n/a 0.0%
    GUILD MORTGAGE COMPANY $2,315,000 $360,000 -84.4% 0.0%
    M&T Bank $730,000 $360,000 -50.7% 0.0%
    First Federal Bank $315,000 $355,000 12.7% 0.0%
    Frandsen Bank & Trust $355,000 n/a 0.0%
    MOVEMENT MORTGAGE, LLC $650,000 $355,000 -45.4% 0.0%
    Toyota Financial Savings Bank $965,000 $355,000 -63.2% 0.0%
    HIWAY $195,000 $350,000 79.5% 0.0%
    Community First National Bank $345,000 n/a 0.0%
    Figure Lending LLC $95,000 $340,000 257.9% 0.0%
    Fidelity Bank $335,000 n/a 0.0%
    THRIVENT Federal Credit Union $260,000 $330,000 26.9% 0.0%
    Access Bank $315,000 n/a 0.0%
    Morgan Stanley Private Bank $1,520,000 $315,000 -79.3% 0.0%
    AMCAP MORTGAGE, LTD. $195,000 $305,000 56.4% 0.0%
    FCB Banks $305,000 n/a 0.0%
    First Bank $305,000 n/a 0.0%
    HANSCOM $305,000 n/a 0.0%
    PHH Mortgage Corporation $300,000 $305,000 1.7% 0.0%
    Union Bank and Trust Company $305,000 n/a 0.0%
    Amerifirst Financial, Inc. $295,000 n/a 0.0%
    First Guaranty Mortgage Corporation $475,000 $290,000 -38.9% 0.0%
    Community Mortgage Banc Corporation $285,000 n/a 0.0%
    Gateway First Bank $1,120,000 $285,000 -74.6% 0.0%
    NBH Bank $285,000 n/a 0.0%
    Pioneer Bank & Trust $285,000 n/a 0.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,745,000 $280,000 -84.0% 0.0%
    Bethpage Federal Credit Union $270,000 n/a 0.0%
    First Savings Bank $520,000 $270,000 -48.1% 0.0%
    DIGITAL Federal Credit Union $265,000 n/a 0.0%
    Pinnacle Bank $890,000 $265,000 -70.2% 0.0%
    FOUR POINTS $255,000 n/a 0.0%
    JAMES B. NUTTER & COMPANY $255,000 n/a 0.0%
    Florida Capital Bank $145,000 $245,000 69.0% 0.0%
    Gate City Bank $985,000 $245,000 -75.1% 0.0%
    Home Federal Savings & Loan Association of Grand Island $245,000 n/a 0.0%
    LENDSURE MORTGAGE CORP. $235,000 n/a 0.0%
    Semper Home Loans, Inc. $235,000 n/a 0.0%
    VERIDIAN CREDIT UNION $36,485,000 $235,000 -99.4% 0.0%
    First Internet Bank of Indiana $225,000 n/a 0.0%
    INLAND BANK & TRUST $545,000 $225,000 -58.7% 0.0%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $1,425,000 $215,000 -84.9% 0.0%
    Baxter Credit Union $195,000 $195,000 0.0% 0.0%
    Deere Employees Credit Union $455,000 $195,000 -57.1% 0.0%
    MID AMERICA MORTGAGE, INC. $805,000 $175,000 -78.3% 0.0%
    MORIA DEVELOPMENT, INC. $175,000 n/a 0.0%
    Bank Forward $165,000 n/a 0.0%
    Grand Bank for Savings, FSB $225,000 $145,000 -35.6% 0.0%
    AmeriHome Mortgage Company, LLC $3,730,000 $135,000 -96.4% 0.0%
    Nations Lending Corporation $290,000 $135,000 -53.4% 0.0%
    Peoples Bank $2,120,000 $135,000 -93.6% 0.0%
    MEMBER FIRST MORTGAGE, LLC $105,000 n/a 0.0%
    Centier Bank $110,000 $60,000 -45.5% 0.0%
    USAlliance Federal Credit Union $55,000 n/a 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $35,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
    STAR USA FEDERAL CREDIT UNION $15,000 $15,000 0.0% 0.0%

    SIOUX FALLS's top lender by overall market share is Plains Commerce Bank, with 15.2% market share. In second place, with 8.3%, is First PREMIER Bank, having originated $218,935,000 in loans. In third place, with 5.3%, is First Dakota National Bank, having originated $139,155,000 in loans. In fourth place, with 5.1%, is First Bank & Trust, having originated $133,895,000 in loans. In fifth place, with 3.9%, is Central Bank, having originated $101,535,000 in loans.

    SIOUX FALLS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - SIOUX FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $234,900 (7.3%) $287,644 (3.3%) 0.87 941
    2018-02-01 $236,600 (7.6%) $287,749 (2.8%) 0.86 989
    2018-03-01 $239,900 (9.1%) $293,541 (2.0%) 0.84 1,034
    2018-04-01 $239,500 (6.5%) $292,963 (2.3%) 0.81 1,097
    2018-05-01 $239,900 (6.6%) $298,129 (3.5%) 0.80 1,180
    2018-06-01 $239,900 (7.1%) $297,381 (3.3%) 0.80 1,201
    2018-07-01 $233,400 (3.8%) $285,821 (-2.0%) 0.78 1,241
    2018-08-01 $231,156 (1.2%) $285,592 (-1.9%) 0.77 1,254
    2018-09-01 $229,500 (0.2%) $285,697 (-2.0%) 0.77 1,272
    2018-10-01 $229,500 (-0.2%) $283,865 (-2.6%) 0.78 1,286
    2018-11-01 $229,900 (0.0%) $285,237 (-0.6%) 0.78 1,198
    2018-12-01 $229,950 (0.0%) $286,595 (-0.2%) 0.79 1,078
    2019-01-01 $234,950 (0.0%) $289,259 (0.6%) 0.81 999
    2019-02-01 $234,900 (-0.7%) $289,936 (0.8%) 0.79 994
    2019-03-01 $239,186 (-0.3%) $295,400 (0.6%) 0.78 1,056
    2019-04-01 $244,865 (2.2%) $304,361 (3.9%) 0.78 1,153
    2019-05-01 $244,900 (2.1%) $307,783 (3.2%) 0.77 1,277
    2019-06-01 $242,900 (1.3%) $305,624 (2.8%) 0.76 1,343
    2019-07-01 $244,925 (4.9%) $304,832 (6.7%) 0.77 1,374
    2019-08-01 $246,955 (6.8%) $437,484 (53.2%) 0.78 1,390
    2019-09-01 $248,611 (8.3%) $635,321 (122.4%) 0.79 1,386
    2019-10-01 $249,900 (8.9%) $776,318 (173.5%) 0.81 1,401
    2019-11-01 $244,900 (6.5%) $299,073 (4.9%) 0.80 1,380
    2019-12-01 $239,900 (4.3%) $296,287 (3.4%) 0.80 1,171
    2020-01-01 $241,925 (3.0%) $294,082 (1.7%) 0.81 1,103
    2020-02-01 $239,900 (2.1%) $292,758 (1.0%) 0.78 1,188
    2020-03-01 $244,950 (2.4%) $299,674 (1.5%) 0.77 1,325
    2020-04-01 $249,650 (2.0%) $303,567 (-0.3%) 0.78 1,459
    2020-05-01 $249,900 (2.0%) $309,269 (0.5%) 0.76 1,498
    2020-06-01 $251,400 (3.5%) $319,406 (4.5%) 0.74 1,518
    2020-07-01 $253,571 (3.5%) $317,748 (4.2%) 0.74 1,461
    2020-08-01 $250,000 (1.2%) $311,420 (-28.8%) 0.72 1,428
    2020-09-01 $249,900 (0.5%) $311,536 (-51.0%) 0.72 1,367
    2020-10-01 $247,950 (-0.8%) $308,327 (-60.3%) 0.71 1,256
    2020-11-01 $247,800 (1.2%) $309,187 (3.4%) 0.72 1,032
    2020-12-01 $249,800 (4.1%) $312,995 (5.6%) 0.74 867
    2021-01-01 $249,900 (3.3%) $311,694 (6.0%) 0.75 787
    2021-02-01 $251,000 (4.6%) $312,116 (6.6%) 0.73 807
    2021-03-01 $262,800 (7.3%) $315,653 (5.3%) 0.75 922
    2021-04-01 $264,950 (6.1%) $321,556 (5.9%) 0.72 1,064
    2021-05-01 $274,900 (10.0%) $330,603 (6.9%) 0.73 1,152
    2021-06-01 $275,000 (9.4%) $331,515 (3.8%) 0.72 1,195
    2021-07-01 $274,900 (8.4%) $330,276 (3.9%) 0.72 1,221
    2021-08-01 $274,975 (10.0%) $331,633 (6.5%) 0.73 1,213
    2021-09-01 $274,950 (10.0%) $341,351 (9.6%) 0.73 1,190
    2021-10-01 $274,950 (10.9%) $343,891 (11.5%) 0.73 1,089
    2021-11-01 $274,950 (11.0%) $343,929 (11.2%) 0.73 990
    2021-12-01 $286,868 (14.8%) $357,838 (14.3%) 0.78 784
    2022-01-01 $299,900 (20.0%) $375,706 (20.5%) 0.81 644
    2022-02-01 $305,000 (21.5%) $379,543 (21.6%) 0.79 697
    2022-03-01 $323,485 (23.1%) $391,114 (23.9%) 0.81 774
    2022-04-01 $326,400 (23.2%) $390,392 (21.4%) 0.78 913
    2022-05-01 $334,950 (21.8%) $400,365 (21.1%) 0.77 964
    2022-06-01 $349,300 (27.0%) $406,907 (22.7%) 0.78 971
    2022-07-01 $349,900 (27.3%) $412,229 (24.8%) 0.79 1,012
    2022-08-01 $348,950 (26.9%) $410,459 (23.8%) 0.80 1,111
    2022-09-01 $349,900 (27.3%) $413,342 (21.1%) 0.82 1,129
    2022-10-01 $350,000 (27.3%) $408,931 (18.9%) 0.82 1,049
    2022-11-01 $346,200 (25.9%) $405,714 (18.0%) 0.83 997
    2022-12-01 $343,950 (19.9%) $402,273 (12.4%) 0.85 946
    2023-01-01 $350,000 (16.7%) $404,550 (7.7%) 0.86 905
    2023-02-01 $359,900 (18.0%) $415,018 (9.4%) 0.87 948
    SIOUX FALLS's median listing price for 2023-02-01 was $359,900, a difference of $54,900 (18.0%) versus the prior year and $9,900 versus the prior month.

    SIOUX FALLS's median listing price comes in at 87% of the national average.

    SIOUX FALLS's average listing price for 2023-02-01 was $415,018, a difference of $35,475 (9.4%) versus the prior year and $10,468 versus the prior month.

    For the 2023-02-01 period, SIOUX FALLS had 948 MLS listings, a difference of 43 listings (5%) versus the prior month and 251 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - SIOUX FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 67 days 1,808 sqft
    2018-02-01 53 days 1,807 sqft
    2018-03-01 45 days 1,810 sqft
    2018-04-01 40 days 1,846 sqft
    2018-05-01 39 days 1,864 sqft
    2018-06-01 38 days 1,890 sqft
    2018-07-01 38 days 1,810 sqft
    2018-08-01 38 days 1,796 sqft
    2018-09-01 40 days 1,766 sqft
    2018-10-01 42 days 1,732 sqft
    2018-11-01 51 days 1,737 sqft
    2018-12-01 64 days 1,726 sqft
    2019-01-01 68 days 1,734 sqft
    2019-02-01 56 days 1,739 sqft
    2019-03-01 46 days 1,776 sqft
    2019-04-01 34 days 1,830 sqft
    2019-05-01 30 days 1,868 sqft
    2019-06-01 32 days 1,861 sqft
    2019-07-01 36 days 1,833 sqft
    2019-08-01 40 days 1,867 sqft
    2019-09-01 42 days 1,908 sqft
    2019-10-01 44 days 1,920 sqft
    2019-11-01 52 days 1,856 sqft
    2019-12-01 63 days 1,782 sqft
    2020-01-01 68 days 1,754 sqft
    2020-02-01 58 days 1,752 sqft
    2020-03-01 47 days 1,777 sqft
    2020-04-01 45 days 1,786 sqft
    2020-05-01 45 days 1,787 sqft
    2020-06-01 44 days 1,842 sqft
    2020-07-01 46 days 1,830 sqft
    2020-08-01 45 days 1,822 sqft
    2020-09-01 45 days 1,805 sqft
    2020-10-01 47 days 1,774 sqft
    2020-11-01 53 days 1,742 sqft
    2020-12-01 59 days 1,711 sqft
    2021-01-01 55 days 1,666 sqft
    2021-02-01 45 days 1,664 sqft
    2021-03-01 39 days 1,684 sqft
    2021-04-01 37 days 1,707 sqft
    2021-05-01 39 days 1,780 sqft
    2021-06-01 38 days 1,797 sqft
    2021-07-01 39 days 1,752 sqft
    2021-08-01 38 days 1,724 sqft
    2021-09-01 40 days 1,679 sqft
    2021-10-01 43 days 1,662 sqft
    2021-11-01 43 days 1,647 sqft
    2021-12-01 48 days 1,652 sqft
    2022-01-01 57 days 1,654 sqft
    2022-02-01 37 days 1,662 sqft
    2022-03-01 36 days 1,714 sqft
    2022-04-01 36 days 1,768 sqft
    2022-05-01 37 days 1,802 sqft
    2022-06-01 36 days 1,847 sqft
    2022-07-01 33 days 1,866 sqft
    2022-08-01 35 days 1,825 sqft
    2022-09-01 39 days 1,786 sqft
    2022-10-01 41 days 1,766 sqft
    2022-11-01 44 days 1,736 sqft
    2022-12-01 51 days 1,689 sqft
    2023-01-01 56 days 1,667 sqft
    2023-02-01 55 days 1,669 sqft
    SIOUX FALLS's median listing age (time on market) for 2023-02-01 was 55 days. This is 49% longer than the same period one year ago.

    SIOUX FALLS's median square footage for active listings during the 2023-02-01 period was 1,669 sqft. One year prior, the average listing was 1,662 sqft.

    SIOUX FALLS, SD Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    57001 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57003 Sioux Falls, SD $720 $790 $970 $1,280 $1,660
    57004 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57005 Sioux Falls, SD $740 $810 $990 $1,310 $1,690
    57012 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57013 Sioux Falls, SD $600 $650 $800 $1,060 $1,370
    57014 Sioux Falls, SD $600 $650 $800 $1,060 $1,370
    57015 Sioux Falls, SD $700 $770 $940 $1,250 $1,620
    57016 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57018 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57020 Sioux Falls, SD $960 $1,050 $1,290 $1,710 $2,210
    57021 Sioux Falls, SD $680 $740 $910 $1,200 $1,560
    57022 Sioux Falls, SD $690 $760 $930 $1,230 $1,590
    57027 Sioux Falls, SD $590 $650 $790 $1,040 $1,340
    57029 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57030 Sioux Falls, SD $580 $650 $790 $1,040 $1,340
    57032 Sioux Falls, SD $710 $780 $950 $1,260 $1,630
    57033 Sioux Falls, SD $720 $790 $970 $1,280 $1,660
    57034 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57035 Sioux Falls, SD $630 $690 $850 $1,130 $1,450
    57036 Sioux Falls, SD $830 $910 $1,110 $1,470 $1,900
    57037 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57039 Sioux Falls, SD $650 $710 $870 $1,150 $1,490
    57041 Sioux Falls, SD $690 $750 $920 $1,220 $1,580
    57042 Sioux Falls, SD $610 $670 $820 $1,090 $1,400
    57043 Sioux Falls, SD $600 $650 $800 $1,060 $1,370
    57045 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57047 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57048 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57053 Sioux Falls, SD $660 $730 $890 $1,180 $1,520
    57055 Sioux Falls, SD $700 $770 $950 $1,250 $1,620
    57058 Sioux Falls, SD $590 $650 $790 $1,050 $1,350
    57064 Sioux Falls, SD $770 $850 $1,040 $1,380 $1,780
    57068 Sioux Falls, SD $650 $710 $870 $1,150 $1,490
    57070 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57073 Sioux Falls, SD $650 $710 $870 $1,150 $1,490
    57077 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57101 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57103 Sioux Falls, SD $650 $710 $870 $1,150 $1,490
    57104 Sioux Falls, SD $580 $650 $790 $1,040 $1,340
    57105 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57106 Sioux Falls, SD $710 $780 $950 $1,260 $1,630
    57107 Sioux Falls, SD $700 $770 $940 $1,240 $1,610
    57108 Sioux Falls, SD $790 $870 $1,060 $1,400 $1,810
    57109 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57110 Sioux Falls, SD $720 $790 $970 $1,280 $1,660
    57117 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57118 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57197 Sioux Falls, SD $660 $720 $880 $1,160 $1,510
    57319 Sioux Falls, SD $580 $650 $790 $1,040 $1,320
    57321 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57332 Sioux Falls, SD $580 $650 $790 $1,040 $1,300
    57374 Sioux Falls, SD $580 $650 $790 $1,040 $1,300

    2022 Average & Median Rent Data Statistics
    SIOUX FALLS, SD average 1BR rent: $716, median: $710
    SIOUX FALLS, SD average 2BR rent: $875, median: $870
    SIOUX FALLS, SD average 3BR rent: $1,156, median: $1,150

    SIOUX FALLS, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 5,119 $1,813,605,000 $354,289
    Cash Out Refi 1,328 $296,490,000 $223,261
    Refi 1,046 $366,380,000 $350,268
    Home Improvement 1,024 $82,270,000 $80,342
    Other 624 $68,000,000 $108,974

    Sioux Falls's most frequently cited loan purpose was Home Purchase, with 5,119 originations. The 2nd most popular reason was Cash Out Refi, with 1,328 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 2,202 $621,120,000 $282,071
    5-6% 2,158 $554,990,000 $257,178
    3-4% 1,930 $674,740,000 $349,606
    6-7% 1,161 $287,775,000 $247,868
    2.5-3% 459 $130,305,000 $283,889
    7-8% 273 $35,645,000 $130,568
    <2.5% 175 $58,375,000 $333,571
    Over 8% 100 $6,800,000 $68,000

    During 2022, Sioux Falls's most frequently originated rate bucket was 4-5%, with 2,202 originations.

    Loan Sizing (SIOUX FALLS, SD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 3,623 $1,010,305,000 $278,859
    $100k-200k 2,400 $363,870,000 $151,613
    $100,000 or less 2,003 $111,285,000 $55,559
    $400k-600k 730 $347,240,000 $475,671
    $600k-1000k 264 $187,620,000 $710,682
    $Over $1MM 121 $606,425,000 $5,011,777

    SIOUX FALLS's loan sizing saw the bucket of loans from $200k-400k with 3,623 originations, totaling $1,010,305,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 3,250 $1,041,780,000 $320,548
    60-80% 2,147 $869,915,000 $405,177
    Under 20% 1,149 $69,795,000 $60,744
    20-40% 985 $132,865,000 $134,888
    40-60% 832 $215,190,000 $258,642
    Over 100% 78 $28,610,000 $366,795

    SIOUX FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,250 originations, totaling $1,041,780,000 in origination value.