SIOUX FALLS Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Rent Data
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Sioux Falls averaged 6.4% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.61% and one month ago for the week of 2024-10-10, the average rate was 6.14%.

    Sioux Falls's average rate one year ago was 7.32%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.83%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Sioux Falls 30 Year Fixed Rate 2024-11-14 6.4%
    Sioux Falls 30 Year Fixed Rate Refi 2024-11-14 6.83%
    Sioux Falls 15 Year Fixed Rate 2024-11-14 5.93%
    Sioux Falls 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Sioux Falls 30 Year FHA 2024-11-14 -0.34%
    Sioux Falls 30 Year FHA Refi 2024-11-14 -0.1%
    Sioux Falls 30 Year USDA 2024-11-14 0.2%
    Sioux Falls 30 Year USDA Refi 2024-11-14 0.2%
    Sioux Falls 30 Year VA 2024-11-14 -0.25%
    Sioux Falls 30 Year VA Refi 2024-11-14 -0.2%
    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%) $475,386 (10.4%) 0.90 882
    2024-07-01 $403,728 (10.6%) $477,416 (8.4%) 0.92 884
    2024-08-01 $395,000 (9.0%) $465,546 (5.6%) 0.92 1,002
    2024-09-01 $377,486 (3.4%) $456,627 (1.8%) 0.89 1,054
    2024-10-01 $374,200 (1.2%) $452,377 (-0.5%) 0.88 1,117
    SIOUX FALLS's median listing price for 2024-10-01 was $374,200, a difference of $4,300 (1.2%) versus the prior year and $-3,286 versus the prior month.

    SIOUX FALLS's median listing price comes in at 88% of the national average.

    SIOUX FALLS's average listing price for 2024-10-01 was $452,377, a difference of $-2,098 (-0.5%) versus the prior year and $-4,250 versus the prior month.

    For the 2024-10-01 period, SIOUX FALLS had 1,117 MLS listings, a difference of 63 listings (6%) versus the prior month and 137 listings (14%) 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 1,816 sqft
    2024-07-01 44 days 1,847 sqft
    2024-08-01 39 days 1,855 sqft
    2024-09-01 41 days 1,775 sqft
    2024-10-01 44 days 1,727 sqft
    SIOUX FALLS's median listing age (time on market) for 2024-10-01 was 44 days. This is -16% shorter than the same period one year ago.

    SIOUX FALLS's median square footage for active listings during the 2024-10-01 period was 1,727 sqft. One year prior, the average listing was 1,736 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.