SIOUX FALLS Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Sioux Falls averaged 6.67% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.48% and one month ago for the week of 2024-05-30, the average rate was 6.95%.

Sioux Falls's average rate one year ago was 6.63%.

For refis of the same type during the week of 2024-07-03, the average rate was 7.3%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Sioux Falls 30 Year Fixed Rate 2024-07-03 6.67%
Sioux Falls 30 Year Fixed Rate Refi 2024-07-03 7.3%
Sioux Falls 15 Year Fixed Rate 2024-07-03 6.29%
Sioux Falls 15 Year Fixed Rate Refi 2024-07-03 6.25%
Sioux Falls 30 Year FHA 2024-07-03 6.49%
Sioux Falls 30 Year FHA Refi 2024-07-03 6.82%
Sioux Falls 30 Year USDA 2024-07-03 6.94%
Sioux Falls 30 Year USDA Refi 2024-07-03 6.74%
Sioux Falls 30 Year VA 2024-07-03 6.12%
Sioux Falls 30 Year VA Refi 2024-07-03 6.58%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Plains Commerce Bank 554 6.51% $5,353
First Bank & Trust 147 6.25% $5,417
First PREMIER Bank 146 6.55% $4,337
First Dakota National Bank 144 6.53% $3,832
SIOUX FALLS 95 6.20% $4,621
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 94 6.92% $3,609
First National Bank of Omaha 88 6.41% $4,982
Central Bank 88 5.87% $6,310
First International Bank & Trust 76 6.68% $4,776
CU MORTGAGE DIRECT, LLC 66 6.45% $4,000
American Bank & Trust 65 6.26% $4,835
CROSSCOUNTRY MORTGAGE, LLC 56 6.90% $6,896
Reliabank Dakota 56 6.52% $4,586
Wells Fargo Bank 56 6.81% $3,816
CORTRUST MORTGAGE, INC. 53 6.65% $5,352
The First National Bank in Sioux Falls 51 6.38% $5,256
U.S. Bank 49 6.64% $4,376
QUICKEN LOANS, LLC 44 6.70% $8,146
BLACK HILLS FEDERAL CREDIT UNION 26 6.49% $6,247
GUARANTEED RATE, INC. 23 6.79% $4,763
First Interstate Bank 21 6.57% $3,318
IOWA BANKERS MORTGAGE CORPORATION 15 6.35% $5,120
PRIMARY RESIDENTIAL MORTGAGE, INC. 12 6.88% $6,718
Dacotah Bank 12 6.61% $3,754
American State Bank 12 6.72% $4,131
Farm Credit Mid-America, ACA 10 7.16% $6,798
UNITED WHOLESALE MORTGAGE, LLC 10 6.87% $4,752
JPMorgan Chase Bank 9 6.40% $4,768
Prosperity Home Mortgage, LLC 9 6.68% $4,744
Heritage Bank 8 6.23% $5,413
Minnwest Bank 8 6.52% $4,652
Flagstar Bank, FSB 8 6.70% $3,585
Citizens Bank 7 6.48% $5,885
NEWREZ LLC 7 6.27% $5,199
FIRST COMMUNITY MORTGAGE, INC. 7 6.96% $5,399
First Savings Bank 4 6.69% $7,215
First National Bank 4 6.56% $2,615
American Mortgage & Equity Consultants, Inc. 4 6.69% $6,448
AMERISAVE MORTGAGE CORPORATION 4 6.94% $7,469
PENNYMAC LOAN SERVICES, LLC 4 6.44% $4,523
The Huntington National Bank 3 7.29% $2,896
Bank of America 3 5.92% $7,050
Bell Bank 3 6.50% $6,884
BMO Harris Bank 3 5.58% $3,489
CMG MORTGAGE, INC. 3 5.75% $5,345
First Western Bank & Trust 3 5.88% $2,747
FREEDOM MORTGAGE CORPORATION 3 6.75% $8,636
Gateway First Bank 3 7.25% $2,655
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.62% $5,596
Truist 3 6.95% $6,176
USAA Federal Savings Bank 3 6.42% $3,883
West Gate Bank 3 7.58% $5,351
THRIVENT Federal Credit Union 2 6.25% $3,393
Morgan Stanley Private Bank 2 5.70% $3,474
LOANDEPOT.COM, LLC 2 6.31% $6,669
Quontic Bank 2 8.50% $10,962
WINGS FINANCIAL 2 5.69% $3,312
Raymond James Bank 2 4.94% $3,020
Flanagan State Bank 2 6.25% $6,513
The Central Trust Bank 2 5.88% $3,726
Mr. Cooper ( Nationstar Mortgage ) 2 6.74% $8,203
V.I.P. MORTGAGE, INC. 2 6.00% $8,281
AMERICAN FINANCING CORPORATION 2 6.31% $6,855
Deere Employees Credit Union 2 7.31% $2,355
Paramount Residential Mortgage Group, Inc. 1 7.38% $5,175
CITIZENS EQUITY FIRST 1 5.88% $1,743
Pinnacle Bank 1 6.75% $3,328
CHEVRON 1 6.00% $4,248
PLAZA HOME MORTGAGE, INC. 1 6.75% $3,765
PREMIA MORTGAGE, LLC 1 5.99% $0
Century Mortgage Company DBA Century Lending Company 1 6.50% $8,656
Primebank 1 6.63% $2,392
BROKER SOLUTIONS, INC. 1 7.50% $5,061
BETTER MORTGAGE CORPORATION 1 5.63% $9,618
Baxter Credit Union 1 6.50% $3,252
Royal Credit Union 1 6.13% $3,564
SECURITYNATIONAL MORTGAGE COMPANY 1 7.63% $13,284
Bankers Trust Company 1 6.25% $2,312
SIOUXLAND FEDERAL CREDIT UNION 1 6.00% $4,225
Stifel Bank and Trust 1 5.13% $2,398
SUMMIT FUNDING, INC. 1 7.63% $6,209
Axos Bank 1 8.50% $5,200
Ally Bank 1 7.25% $5,511
Think Mutual Bank 1 5.50% $3,808
TOWN AND COUNTRY Credit Union 1 5.88% $5,604
ZILLOW HOME LOANS, LLC 1 6.50% $4,159
Arvest Bank 1 7.13% $3,462
AmeriHome Mortgage Company, LLC 1 6.63% $5,027
FOUR POINTS 1 5.75% $2,256
VERIDIAN CREDIT UNION 1 7.75% $2,126
Grand Bank for Savings, FSB 1 9.38% $5,510
First Community Credit Union 1 5.50% $1,265
First Federal Bank 1 6.25% $3,339
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.25% $8,257
EVERETT FINANCIAL, INC. 1 7.88% $4,797
Ixonia Bank 1 6.38% $7,666
Discover Bank 1 6.24% $0
KELLER MORTGAGE, LLC 1 6.13% $2,943
Leader Bank 1 6.50% $5,303
Merchants Bank 1 6.53% $2,351
Mortgage Research Center, LLC 1 5.99% $4,586
COMPEER FINANCIAL, FLCA 1 7.88% $2,816
NexBank 1 6.50% $1,740
Northwest Bank 1 5.75% $3,474

SIOUX FALLS Average Closing Costs & Other Stats

SIOUX FALLS, SD's 104 lenders originated 6,340 loans during 2023. The total origination value was $1,785,410,000, with an average loan value of $281,610.

SIOUX FALLS's average closing costs are $4,704.

The top SIOUX FALLS lender as defined by loan originations is Plains Commerce Bank, with 554 loans originated. Their average total fees are $5,353, which is $64 lower than the next largest lender, First Bank & Trust.

The lowest fee SIOUX FALLS lenders (with over 10 loans originated) are First Interstate Bank ($3,318), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,609), Dacotah Bank ($3,754), Wells Fargo Bank ($3,816) and First Dakota National Bank ($3,832).

The lowest rate SIOUX FALLS lenders (with over 10 loans originated) are Central Bank (5.87%), SIOUX FALLS (6.20%), First Bank & Trust (6.25%), American Bank & Trust (6.26%) and IOWA BANKERS MORTGAGE CORPORATION (6.35%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Plains Commerce Bank $398,920,000 $292,395,000 -26.7% 16.4%
First Bank & Trust $133,895,000 $116,990,000 -12.6% 6.6%
First PREMIER Bank $218,935,000 $109,210,000 -50.1% 6.1%
First Dakota National Bank $139,155,000 $92,420,000 -33.6% 5.2%
Central Bank $101,535,000 $72,025,000 -29.1% 4.0%
Merchants Bank of Indiana $14,150,000 $70,160,000 395.8% 3.9%
SIOUX FALLS $91,410,000 $69,430,000 -24.0% 3.9%
American Bank & Trust $65,520,000 $62,125,000 -5.2% 3.5%
First International Bank & Trust $95,655,000 $53,940,000 -43.6% 3.0%
First National Bank of Omaha $14,240,000 $52,365,000 267.7% 2.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $66,520,000 $51,170,000 -23.1% 2.9%
Security First Bank of North Dakota $38,405,000 n/a 2.2%
The First National Bank in Sioux Falls $64,050,000 $37,080,000 -42.1% 2.1%
VERIDIAN CREDIT UNION $235,000 $36,335,000 15,361.7% 2.0%
Wells Fargo Bank $90,175,000 $35,030,000 -61.2% 2.0%
SERVICE FIRST FEDERAL CREDIT UNION $35,145,000 $35,010,000 -0.4% 2.0%
Reliabank Dakota $67,145,000 $33,690,000 -49.8% 1.9%
CROSSCOUNTRY MORTGAGE, LLC $37,925,000 $32,320,000 -14.8% 1.8%
U.S. Bank $52,015,000 $29,280,000 -43.7% 1.6%
QUICKEN LOANS, LLC $41,040,000 $27,360,000 -33.3% 1.5%
Cornerstone Bank $23,745,000 $24,560,000 3.4% 1.4%
CU MORTGAGE DIRECT, LLC $28,815,000 $22,445,000 -22.1% 1.3%
Minnwest Bank $25,235,000 $22,105,000 -12.4% 1.2%
JONES LANG LASALLE MULTIFAMILY, LLC $21,375,000 n/a 1.2%
CORTRUST MORTGAGE, INC. $35,300,000 $17,580,000 -50.2% 1.0%
GUARANTEED RATE, INC. $25,065,000 $16,665,000 -33.5% 0.9%
BLACK HILLS FEDERAL CREDIT UNION $51,035,000 $16,415,000 -67.8% 0.9%
American State Bank $13,610,000 $16,395,000 20.5% 0.9%
CorTrust Bank $33,270,000 $16,375,000 -50.8% 0.9%
First Interstate Bank $92,635,000 $16,210,000 -82.5% 0.9%
Mortgage Research Center, LLC $19,435,000 $15,465,000 -20.4% 0.9%
GREYSTONE SERVICING COMPANY LLC $10,015,000 n/a 0.6%
VOYAGE FEDERAL CREDIT UNION $13,540,000 $7,935,000 -41.4% 0.4%
Flagstar Bank, FSB $9,895,000 $7,345,000 -25.8% 0.4%
Dacotah Bank $10,070,000 $6,735,000 -33.1% 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,565,000 $5,845,000 273.5% 0.3%
UNITED WHOLESALE MORTGAGE, LLC $10,460,000 $5,705,000 -45.5% 0.3%
USAA Federal Savings Bank $2,905,000 $5,690,000 95.9% 0.3%
Farm Credit Mid-America, ACA $4,420,000 $5,330,000 20.6% 0.3%
Rivers Edge Bank $4,965,000 n/a 0.3%
Citizens Bank $4,825,000 $4,890,000 1.3% 0.3%
IOWA BANKERS MORTGAGE CORPORATION $4,410,000 $4,560,000 3.4% 0.3%
BANKWEST, INC. $27,530,000 $4,515,000 -83.6% 0.3%
LOANDEPOT.COM, LLC $10,935,000 $4,350,000 -60.2% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $280,000 $4,345,000 1,451.8% 0.2%
SIOUX EMPIRE $10,305,000 $4,240,000 -58.9% 0.2%
Security National Bank of South Dakota $84,340,000 $4,145,000 -95.1% 0.2%
JPMorgan Chase Bank $8,025,000 $3,965,000 -50.6% 0.2%
Heritage Bank $13,990,000 $3,895,000 -72.2% 0.2%
Prosperity Home Mortgage, LLC $1,945,000 $3,750,000 92.8% 0.2%
NEWREZ LLC $3,555,000 $3,710,000 4.4% 0.2%
PENNYMAC LOAN SERVICES, LLC $8,680,000 $3,585,000 -58.7% 0.2%
NAVY FEDERAL CREDIT UNION $5,615,000 $3,500,000 -37.7% 0.2%
FREEDOM MORTGAGE CORPORATION $6,900,000 $3,410,000 -50.6% 0.2%
Bell Bank $1,175,000 $3,305,000 181.3% 0.2%
Security Savings Bank $3,265,000 $3,280,000 0.5% 0.2%
Discover Bank $1,315,000 $3,170,000 141.1% 0.2%
Peoples Bank $135,000 $3,025,000 2,140.7% 0.2%
FIRST COMMUNITY MORTGAGE, INC. $3,045,000 $3,020,000 -0.8% 0.2%
AMERISAVE MORTGAGE CORPORATION $4,160,000 $2,765,000 -33.5% 0.2%
Flanagan State Bank $4,300,000 $2,565,000 -40.3% 0.1%
Bank of America $1,775,000 $2,560,000 44.2% 0.1%
Liberty National Bank $4,825,000 $2,185,000 -54.7% 0.1%
BMO Harris Bank $1,430,000 $2,035,000 42.3% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $6,955,000 $1,740,000 -75.0% 0.1%
Coastal Community Bank $1,500,000 n/a 0.1%
First Savings Bank $270,000 $1,485,000 450.0% 0.1%
CMG MORTGAGE, INC. $3,935,000 $1,395,000 -64.5% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $3,330,000 $1,350,000 -59.5% 0.1%
First Western Bank & Trust $1,440,000 $1,300,000 -9.7% 0.1%
Gateway First Bank $285,000 $1,280,000 349.1% 0.1%
Truist $1,490,000 $1,200,000 -19.5% 0.1%
First National Bank $3,295,000 $1,185,000 -64.0% 0.1%
21ST MORTGAGE CORPORATION $1,065,000 $1,150,000 8.0% 0.1%
New Century Bank $1,145,000 n/a 0.1%
First Federal Bank $355,000 $1,100,000 209.9% 0.1%
Morgan Stanley Private Bank $315,000 $1,040,000 230.2% 0.1%
American Mortgage & Equity Consultants, Inc. $380,000 $1,020,000 168.4% 0.1%
NEW DAY FINANCIAL, LLC $1,565,000 $1,000,000 -36.1% 0.1%
The Huntington National Bank $3,215,000 $965,000 -70.0% 0.1%
The Central Trust Bank $940,000 n/a 0.1%
Figure Lending LLC $340,000 $935,000 175.0% 0.1%
West Gate Bank $915,000 n/a 0.1%
Carrington Mortgage Services, LLC $2,375,000 $910,000 -61.7% 0.1%
WINGS FINANCIAL $1,020,000 $910,000 -10.8% 0.1%
First Savings Bank $270,000 $900,000 233.3% 0.1%
AMERICAN FINANCING CORPORATION $1,260,000 $890,000 -29.4% 0.0%
AmeriHome Mortgage Company, LLC $135,000 $860,000 537.0% 0.0%
Raymond James Bank $860,000 n/a 0.0%
Pioneer Bank $850,000 n/a 0.0%
DAS Acquisition Company, LLC $6,200,000 $835,000 -86.5% 0.0%
Primebank $805,000 n/a 0.0%
Arvest Bank $665,000 $750,000 12.8% 0.0%
LAKEVIEW LOAN SERVICING, LLC $1,900,000 $715,000 -62.4% 0.0%
Premier Bank $1,205,000 $685,000 -43.2% 0.0%
BNC National Bank $675,000 n/a 0.0%
Think Mutual Bank $440,000 $675,000 53.4% 0.0%
PLAZA HOME MORTGAGE, INC. $670,000 n/a 0.0%
Midwest Heritage Bank FSB $660,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $525,000 $660,000 25.7% 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $215,000 $650,000 202.3% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $415,000 $635,000 53.0% 0.0%
BROKER SOLUTIONS, INC. $3,510,000 $625,000 -82.2% 0.0%
The Federal Savings Bank $2,495,000 $620,000 -75.2% 0.0%
POLARIS HOME FUNDING CORP. $555,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $540,000 n/a 0.0%
Quontic Bank $520,000 n/a 0.0%
Deere Employees Credit Union $195,000 $500,000 156.4% 0.0%
MIDFLORIDA $485,000 n/a 0.0%
HIGHMARK $455,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $595,000 $455,000 -23.5% 0.0%
Bank Midwest $650,000 $445,000 -31.5% 0.0%
Baxter Credit Union $195,000 $420,000 115.4% 0.0%
Black Hills Community Bank $420,000 n/a 0.0%
HomeTown Bank $420,000 n/a 0.0%
Service Federal Credit Union $410,000 n/a 0.0%
SOUTHPOINT FINANCIAL $470,000 $410,000 -12.8% 0.0%
THRIVENT Federal Credit Union $330,000 $410,000 24.2% 0.0%
Bethpage Federal Credit Union $270,000 $405,000 50.0% 0.0%
First Community Credit Union $405,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $395,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $550,000 $390,000 -29.1% 0.0%
BETTER MORTGAGE CORPORATION $3,245,000 $385,000 -88.1% 0.0%
Bankers Trust Company $375,000 n/a 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $375,000 n/a 0.0%
American National Bank $355,000 n/a 0.0%
CARDINAL FINANCIAL $1,915,000 $355,000 -81.5% 0.0%
PREMIA MORTGAGE, LLC $735,000 $345,000 -53.1% 0.0%
TOWN AND COUNTRY Credit Union $345,000 n/a 0.0%
Ixonia Bank $335,000 n/a 0.0%
Ally Bank $1,170,000 $325,000 -72.2% 0.0%
Pinnacle Bank $265,000 $325,000 22.6% 0.0%
Northwest Bank $3,880,000 $320,000 -91.8% 0.0%
CENTRAL MINNESOTA Credit Union $315,000 n/a 0.0%
DIGITAL Federal Credit Union $265,000 $315,000 18.9% 0.0%
SUMMIT FUNDING, INC. $315,000 n/a 0.0%
Axos Bank $305,000 n/a 0.0%
CHEVRON $305,000 n/a 0.0%
Grand Bank for Savings, FSB $145,000 $295,000 103.4% 0.0%
STANFORD Federal Credit Union $295,000 n/a 0.0%
EVERETT FINANCIAL, INC. $1,180,000 $285,000 -75.8% 0.0%
Royal Credit Union $285,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $620,000 $285,000 -54.0% 0.0%
FINANCE OF AMERICA REVERSE LLC $1,745,000 $275,000 -84.2% 0.0%
KELLER MORTGAGE, LLC $3,370,000 $275,000 -91.8% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $850,000 $275,000 -67.6% 0.0%
FOUR POINTS $255,000 $265,000 3.9% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $265,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $265,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $1,125,000 $265,000 -76.4% 0.0%
Merchants Bank $255,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $255,000 n/a 0.0%
SIOUXLAND FEDERAL CREDIT UNION $255,000 n/a 0.0%
Charles Schwab Bank, SSB $845,000 $235,000 -72.2% 0.0%
CITIZENS EQUITY FIRST $225,000 n/a 0.0%
PLANET HOME LENDING, LLC $225,000 n/a 0.0%
Bremer Bank $645,000 $215,000 -66.7% 0.0%
Century Mortgage Company DBA Century Lending Company $215,000 n/a 0.0%
COMPEER FINANCIAL, FLCA $395,000 $205,000 -48.1% 0.0%
Leader Bank $205,000 n/a 0.0%
BankFirst $200,000 n/a 0.0%
Midstates Bank $1,210,000 $175,000 -85.5% 0.0%
PHH Mortgage Corporation $305,000 $165,000 -45.9% 0.0%
MID AMERICA MORTGAGE, INC. $175,000 $160,000 -8.6% 0.0%
OPEN MORTGAGE, LLC $160,000 n/a 0.0%
Alliance Bank $155,000 n/a 0.0%
GUILD MORTGAGE COMPANY $360,000 $155,000 -56.9% 0.0%
TOTAL MORTGAGE SERVICES, LLC $155,000 n/a 0.0%
Willamette Valley Bank $155,000 n/a 0.0%
RESIDENTIAL BANCORP $140,000 n/a 0.0%
A&D Mortgage LLC $125,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $355,000 $125,000 -64.8% 0.0%
NexBank $450,000 $105,000 -76.7% 0.0%
Stifel Bank and Trust $890,000 $105,000 -88.2% 0.0%
United States Senate Federal Credit Union $105,000 n/a 0.0%
HIWAY $350,000 $100,000 -71.4% 0.0%
Citibank $415,000 $85,000 -79.5% 0.0%
BOKF $75,000 n/a 0.0%
Centier Bank $60,000 $65,000 8.3% 0.0%
ALTRA $25,000 n/a 0.0%

SIOUX FALLS's top lender by overall market share is Plains Commerce Bank, with 16.4% market share. In second place, with 6.6%, is First Bank & Trust, having originated $116,990,000 in loans. In third place, with 6.1%, is First PREMIER Bank, having originated $109,210,000 in loans. In fourth place, with 5.2%, is First Dakota National Bank, having originated $92,420,000 in loans. In fifth place, with 4.0%, is Central Bank, having originated $72,025,000 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%) $287,795 (3.4%) 0.87 942
2018-02-01 $236,788 (7.7%) $287,892 (2.8%) 0.86 990
2018-03-01 $239,900 (9.1%) $293,675 (2.1%) 0.84 1,035
2018-04-01 $239,500 (6.5%) $292,963 (2.3%) 0.81 1,097
2018-05-01 $239,900 (6.6%) $298,183 (3.5%) 0.80 1,181
2018-06-01 $239,900 (7.1%) $297,487 (3.3%) 0.80 1,202
2018-07-01 $233,400 (3.8%) $285,935 (-1.9%) 0.78 1,242
2018-08-01 $231,200 (1.2%) $285,705 (-1.9%) 0.77 1,255
2018-09-01 $229,500 (0.2%) $285,794 (-2.0%) 0.77 1,272
2018-10-01 $229,500 (-0.2%) $283,970 (-2.6%) 0.78 1,286
2018-11-01 $229,900 (0.0%) $285,348 (-0.6%) 0.78 1,198
2018-12-01 $229,950 (0.0%) $286,717 (-0.2%) 0.79 1,078
2019-01-01 $234,950 (0.0%) $289,253 (0.5%) 0.81 998
2019-02-01 $234,900 (-0.8%) $289,934 (0.7%) 0.79 994
2019-03-01 $239,186 (-0.3%) $295,400 (0.6%) 0.78 1,056
2019-04-01 $244,900 (2.3%) $304,431 (3.9%) 0.78 1,154
2019-05-01 $244,900 (2.1%) $307,783 (3.2%) 0.77 1,277
2019-06-01 $242,900 (1.3%) $305,624 (2.7%) 0.76 1,343
2019-07-01 $244,925 (4.9%) $304,832 (6.6%) 0.77 1,374
2019-08-01 $246,955 (6.8%) $437,484 (53.1%) 0.78 1,390
2019-09-01 $248,611 (8.3%) $635,321 (122.3%) 0.80 1,386
2019-10-01 $249,900 (8.9%) $776,318 (173.4%) 0.81 1,401
2019-11-01 $244,900 (6.5%) $299,200 (4.9%) 0.80 1,379
2019-12-01 $239,900 (4.3%) $296,427 (3.4%) 0.80 1,170
2020-01-01 $242,400 (3.2%) $294,235 (1.7%) 0.81 1,102
2020-02-01 $239,950 (2.2%) $292,893 (1.0%) 0.79 1,187
2020-03-01 $244,950 (2.4%) $299,806 (1.5%) 0.77 1,324
2020-04-01 $249,650 (1.9%) $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 (3.3%) 0.72 1,032
2020-12-01 $249,800 (4.1%) $312,995 (5.6%) 0.74 867
2021-01-01 $249,900 (3.1%) $311,694 (5.9%) 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%) $331,567 (3.8%) 0.72 1,194
2021-07-01 $274,900 (8.4%) $330,327 (4.0%) 0.73 1,220
2021-08-01 $275,000 (10.0%) $331,684 (6.5%) 0.73 1,212
2021-09-01 $274,950 (10.0%) $341,410 (9.6%) 0.73 1,189
2021-10-01 $275,000 (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%) 0.81 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 $346,425 (26.0%) $405,853 (18.0%) 0.83 996
2022-12-01 $345,000 (20.3%) $402,407 (12.5%) 0.85 946
2023-01-01 $350,000 (16.7%) $404,550 (7.7%) 0.87 905
2023-02-01 $359,900 (18.0%) $415,018 (9.4%) 0.87 948
2023-03-01 $364,900 (12.8%) $422,201 (8.0%) 0.86 994
2023-04-01 $368,000 (12.8%) $426,382 (9.2%) 0.86 1,154
2023-05-01 $369,850 (10.4%) $429,644 (7.3%) 0.84 1,338
2023-06-01 $366,500 (4.9%) $430,781 (5.9%) 0.82 1,374
2023-07-01 $365,000 (4.3%) $440,411 (6.8%) 0.83 1,352
2023-08-01 $362,400 (3.9%) $440,682 (7.4%) 0.83 1,464
2023-09-01 $365,000 (4.3%) $448,429 (8.5%) 0.85 1,421
2023-10-01 $369,900 (5.7%) $454,475 (11.1%) 0.87 980
2023-11-01 $367,925 (6.2%) $449,695 (10.8%) 0.88 981
2023-12-01 $369,900 (7.2%) $454,459 (12.9%) 0.90 904
2024-01-01 $373,875 (6.8%) $457,461 (13.1%) 0.91 842
2024-02-01 $374,975 (4.2%) $459,078 (10.6%) 0.90 758
2024-03-01 $389,450 (6.7%) $478,027 (13.2%) 0.92 749
2024-04-01 $378,113 (2.8%) $469,151 (10.0%) 0.88 787
2024-05-01 $389,950 (5.4%) $467,133 (8.7%) 0.88 843
2024-06-01 $400,000 (9.1%) $475,519 (10.4%) 0.90 881
SIOUX FALLS's median listing price for 2024-06-01 was $400,000, a difference of $33,500 (9.1%) versus the prior year and $10,050 versus the prior month.

SIOUX FALLS's median listing price comes in at 90% of the national average.

SIOUX FALLS's average listing price for 2024-06-01 was $475,519, a difference of $44,738 (10.4%) versus the prior year and $8,386 versus the prior month.

For the 2024-06-01 period, SIOUX FALLS had 881 MLS listings, a difference of 38 listings (5%) versus the prior month and -493 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 66 days 1,809 sqft
2018-02-01 51 days 1,808 sqft
2018-03-01 45 days 1,811 sqft
2018-04-01 39 days 1,846 sqft
2018-05-01 38 days 1,863 sqft
2018-06-01 38 days 1,890 sqft
2018-07-01 37 days 1,811 sqft
2018-08-01 38 days 1,796 sqft
2018-09-01 39 days 1,766 sqft
2018-10-01 41 days 1,732 sqft
2018-11-01 51 days 1,737 sqft
2018-12-01 61 days 1,724 sqft
2019-01-01 66 days 1,734 sqft
2019-02-01 55 days 1,739 sqft
2019-03-01 46 days 1,776 sqft
2019-04-01 34 days 1,831 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 1,858 sqft
2019-12-01 63 days 1,783 sqft
2020-01-01 67 days 1,754 sqft
2020-02-01 57 days 1,754 sqft
2020-03-01 46 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 44 days 1,822 sqft
2020-09-01 44 days 1,805 sqft
2020-10-01 46 days 1,774 sqft
2020-11-01 53 days 1,742 sqft
2020-12-01 58 days 1,711 sqft
2021-01-01 55 days 1,666 sqft
2021-02-01 44 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 37 days 1,724 sqft
2021-09-01 39 days 1,680 sqft
2021-10-01 42 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 1,824 sqft
2022-09-01 39 days 1,786 sqft
2022-10-01 41 days 1,766 sqft
2022-11-01 44 days 1,737 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
2023-03-01 54 days 1,674 sqft
2023-04-01 43 days 1,700 sqft
2023-05-01 38 days 1,763 sqft
2023-06-01 43 days 1,783 sqft
2023-07-01 44 days 1,803 sqft
2023-08-01 44 days 1,797 sqft
2023-09-01 53 days 1,751 sqft
2023-10-01 53 days 1,736 sqft
2023-11-01 46 days 1,713 sqft
2023-12-01 58 days 1,715 sqft
2024-01-01 69 days 1,701 sqft
2024-02-01 46 days 1,666 sqft
2024-03-01 45 days 1,696 sqft
2024-04-01 39 days 1,701 sqft
2024-05-01 35 days 1,725 sqft
2024-06-01 37 days 1,814 sqft
SIOUX FALLS's median listing age (time on market) for 2024-06-01 was 37 days. This is -13% shorter than the same period one year ago.

SIOUX FALLS's median square footage for active listings during the 2024-06-01 period was 1,814 sqft. One year prior, the average listing was 1,783 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 MSA $610 $660 $830 $1,070 $1,390
57003 Sioux Falls, SD MSA $770 $860 $1,030 $1,380 $1,750
57004 Sioux Falls, SD MSA $610 $660 $830 $1,070 $1,390
57005 Sioux Falls, SD MSA $790 $880 $1,050 $1,410 $1,790
57012 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57013 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57014 Sioux Falls, SD MSA $640 $710 $850 $1,140 $1,450
57015 Sioux Falls, SD MSA $740 $820 $980 $1,320 $1,670
57016 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57018 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57020 Sioux Falls, SD MSA $940 $1,040 $1,250 $1,680 $2,130
57021 Sioux Falls, SD MSA $720 $810 $970 $1,290 $1,640
57022 Sioux Falls, SD MSA $730 $810 $970 $1,300 $1,650
57027 Sioux Falls, SD MSA $620 $690 $830 $1,100 $1,390
57029 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57030 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57032 Sioux Falls, SD MSA $780 $870 $1,040 $1,400 $1,770
57033 Sioux Falls, SD MSA $760 $850 $1,020 $1,370 $1,740
57034 Sioux Falls, SD MSA $610 $680 $830 $1,090 $1,390
57035 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57036 Sioux Falls, SD MSA $910 $1,010 $1,210 $1,620 $2,060
57037 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57039 Sioux Falls, SD MSA $640 $720 $860 $1,150 $1,460
57041 Sioux Falls, SD MSA $730 $810 $980 $1,310 $1,660
57042 Sioux Falls, SD MSA $640 $720 $860 $1,150 $1,460
57043 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57045 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57047 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57048 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57053 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57055 Sioux Falls, SD MSA $750 $830 $990 $1,330 $1,690
57058 Sioux Falls, SD MSA $660 $740 $880 $1,180 $1,500
57064 Sioux Falls, SD MSA $820 $910 $1,090 $1,460 $1,860
57068 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57070 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57073 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57077 Sioux Falls, SD MSA $720 $800 $960 $1,290 $1,640
57101 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57103 Sioux Falls, SD MSA $700 $790 $940 $1,260 $1,600
57104 Sioux Falls, SD MSA $640 $710 $850 $1,140 $1,450
57105 Sioux Falls, SD MSA $710 $790 $950 $1,280 $1,620
57106 Sioux Falls, SD MSA $760 $850 $1,020 $1,370 $1,740
57107 Sioux Falls, SD MSA $750 $840 $1,000 $1,340 $1,700
57108 Sioux Falls, SD MSA $860 $960 $1,150 $1,540 $1,960
57109 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57110 Sioux Falls, SD MSA $770 $860 $1,030 $1,380 $1,750
57117 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57118 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57197 Sioux Falls, SD MSA $700 $780 $930 $1,250 $1,580
57319 Sioux Falls, SD MSA $640 $710 $850 $1,140 $1,450
57321 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410
57332 Sioux Falls, SD MSA $650 $730 $870 $1,170 $1,480
57374 Sioux Falls, SD MSA $620 $690 $830 $1,110 $1,410

2022 Average & Median Rent Data Statistics
SIOUX FALLS, SD average 1BR rent: $768, median: $780
SIOUX FALLS, SD average 2BR rent: $922, median: $930
SIOUX FALLS, SD average 3BR rent: $1,234, median: $1,250

SIOUX FALLS, SD Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,820 $1,311,780,000 $343,398
Cash Out Refi 870 $119,040,000 $136,828
Home Improvement 593 $51,375,000 $86,636
Refi 534 $256,220,000 $479,813
Other 523 $46,995,000 $89,857

Sioux Falls's most frequently cited loan purpose was Home Purchase, with 3,820 originations. The 2nd most popular reason was Cash Out Refi, with 870 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 2,153 $641,035,000 $297,740
Over 8% 1,221 $138,295,000 $113,264
7-8% 1,177 $375,355,000 $318,908
5-6% 1,147 $371,665,000 $324,032
4-5% 52 $61,060,000 $1,174,231
3-4% 17 $31,205,000 $1,835,588
2.5-3% 17 $1,435,000 $84,412
<2.5% 8 $1,320,000 $165,000

During 2023, Sioux Falls's most frequently originated rate bucket was 6-7%, with 2,153 originations.

Loan Sizing (SIOUX FALLS, SD MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 2,617 $731,525,000 $279,528
$100,000 or less 1,606 $86,100,000 $53,611
$100k-200k 1,368 $204,990,000 $149,846
$400k-600k 507 $241,475,000 $476,282
$600k-1000k 172 $121,920,000 $708,837
$Over $1MM 70 $399,400,000 $5,705,714

SIOUX FALLS's loan sizing saw the bucket of loans from $200k-400k with 2,617 originations, totaling $731,525,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,274 $710,660,000 $312,515
60-80% 1,151 $564,845,000 $490,743
Under 20% 1,029 $65,485,000 $63,639
20-40% 792 $106,590,000 $134,583
40-60% 461 $132,455,000 $287,321
Over 100% 66 $47,390,000 $718,030

SIOUX FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,274 originations, totaling $710,660,000 in origination value.