The story of this market
The typical home in ZIP 57104 sells for about $220,000, or $189 per square foot.
Prices are down 20.4% from a year ago, which gives buyers more room to negotiate. Homes take about 47.3 days to sell. HUD's fair market rent for a two-bedroom is $862 a month.
ZIP 57104 — Sioux Falls
The 57104 housing market is currently balanced, with a median sale price of $220,000 reflecting its status as an affordable urban core. While year-over-year price trends show a decline, this is largely attributed to the mix of older, smaller inventory selling in the area. Demand remains steady, supported by the ongoing revitalization of downtown Sioux Falls.
This ZIP is ideal for first-time homebuyers, investors, and renters who value proximity to downtown amenities, historic character, and a more affordable price point compared to the city's newer suburban fringes.
Median prices moved down 20.4% year over year.
Homes spend a median of 47 days on market with 3.5 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 14.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 57104, Minnehaha County SD
Crime trends in the 57104 area are generally consistent with urban core patterns in Sioux Falls, with property crime rates slightly higher than the regional average for suburban Minnehaha County.
Schools serving the 57104 area are part of the Sioux Falls School District, which maintains a diverse portfolio of neighborhood elementary schools and central high school facilities with varying performance ratings.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional high-wind events, with flood risk primarily concentrated near the Big Sioux River corridor.
Economic momentum is driven by the ongoing revitalization of downtown Sioux Falls and proximity to major healthcare and financial services employers, with steady infill development occurring in older residential neighborhoods.
Property taxes are assessed by Minnehaha County based on market value, with rates determined by the aggregate of municipal, school district, and county levies; no state income tax applies to individuals.
Residents in 57104 benefit from a central location with short drive times to the downtown employment core and easy access to major arterial roads like Minnesota and Main Avenue.
The ZIP features significant access to the Big Sioux River Greenway, Falls Park, and numerous neighborhood parks, alongside the historic downtown shopping and dining district.
The rental market in 57104 is deep and competitive, characterized by a mix of historic single-family rentals and multi-family units, with steady demand from students and downtown workers.
The economy is anchored by major healthcare systems like Sanford Health and Avera Health, alongside a robust financial services and manufacturing sector.
The area is served by a grid-based street network with public transit provided by Sioux Area Metro, facilitating access to the broader Sioux Falls metro area.
Development is focused on urban infill and the continued expansion of the downtown core, with several mixed-use projects in the planning stages.
The Minnehaha County Director of Equalization manages property assessments, utilizing annual market-based adjustments to ensure valuations reflect current sales data.
Parcels in this ZIP are subject to the Sioux Falls School District and various municipal utility service districts.
Property insurance premiums in the region are influenced by exposure to severe convective storms, though the market remains stable with competitive carrier participation.
South Dakota continues to see positive net domestic migration, driven by its favorable tax climate and cost of living.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process that typically results in shorter timelines for lenders.
Sellers are required to provide a property condition disclosure statement to buyers, covering major systems and known defects.
Data retrieved from data.census.gov ZCTA 57104 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Great Plains Zoo4.45 mi
- Washington Pavilion4.74.1 mi
- Wild Water West Waterpark and Flamingo Falls Campground4.211 mi
- Air Madness Trampoline Park4.311.1 mi
- Thunder Road of Sioux Falls4.54.4 mi
- Falls Park4.83.2 mi
- Denny Sanford PREMIER Center4.63.4 mi
- Sanford Pentagon4.52 mi
- Washington Pavilion4.74.1 mi
- W. H. Lyon Fairgrounds4.24.5 mi
- Falls Park4.83.2 mi
- Palisades State Park4.810.7 mi
- Great Plains Zoo4.45 mi
- Washington Pavilion4.74.1 mi
- Butterfly House & Aquarium4.57.1 mi
- Washington Pavilion4.74.1 mi
- McKennan Park4.85 mi
- Old Courthouse Museum4.73.6 mi
- Tripoint IA, MN, SD4.515 mi
- Pettigrew Home & Museum4.73.9 mi
- Falls Park4.83.2 mi
- Palisades State Park4.810.7 mi
- Butterfly House & Aquarium4.57.1 mi
- Yankton Trail Park4.66.9 mi
- Great Bear Ski Valley4.63.2 mi
- Willow Run Golf Course4.56.6 mi
- Elmwood Golf Course4.63.4 mi
- Bakker Crossing Golf Course4.611 mi
- The Creek Golf Course4.411.5 mi
- Brandon Golf Course4.48 mi
- The Empire Mall4.27 mi
- Ross Dress for Less4.16.3 mi
- Fleet Farm4.32.8 mi
- Marshalls & HomeGoods4.26.4 mi
- Hy-Vee Grocery Store4.46 mi
- Sioux Falls Regional Airport4.31.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The city's namesake park featuring the falls of the Big Sioux River and historic ruins.
The primary cultural and commercial hub of the city with extensive dining and retail.
A multi-use trail system providing extensive recreational access throughout the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.