The story of this market
The typical home in ZIP 57108 sells for about $335,000, or $189 per square foot.
Prices are up +2.9% from a year ago, so sellers still have some momentum. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $1,290 a month.
ZIP 57108 — Sioux Falls
The 57108 housing market shows resilience with steady price appreciation and moderate inventory levels. Demand remains supported by the broader Sioux Falls economic growth, though buyers are becoming more selective as inventory levels fluctuate. Market conditions are currently balanced, reflecting a stable environment for both buyers and sellers.
This ZIP is well-suited for family buyers and professionals seeking suburban living with access to modern amenities, as well as investors looking for stable rental demand in a growing metro area.
Median prices moved up 2.9% year over year.
Homes spend a median of 31 days on market with 3.9 months of supply — a fast-moving market.
36% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 6.5% — 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 5.1%/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 5.4%/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 57108, Sioux Falls SD
The area is served by the Sioux Falls School District, which maintains a generally stable reputation with ongoing investments in facility upgrades and curriculum development.
The region faces moderate risks from severe thunderstorms and occasional high winds, with standard insurance coverage typically addressing these regional climate factors.
Sioux Falls continues to experience steady economic momentum driven by a diverse mix of healthcare, financial services, and manufacturing employers, supported by consistent infrastructure expansion.
Property taxes are assessed at the county level based on market value, with rates influenced by local school district and municipal levies; South Dakota does not impose a state personal income tax.
Residents in 57108 typically rely on personal vehicles for commuting, with convenient access to major arterial roads and highways connecting to the Sioux Falls employment core.
The area features access to local parks, walking trails, and proximity to shopping and dining districts along the southern corridors of Sioux Falls.
The rental market remains competitive with steady demand, reflecting the broader Sioux Falls trend of rising asking rents and low vacancy pressure.
The local economy is anchored by major healthcare systems, financial services, and a robust manufacturing sector, providing a stable employment base for the region.
Transportation is primarily vehicle-dependent, with well-maintained highway corridors facilitating access throughout the Sioux Falls metro area.
Development activity is focused on residential expansion and mixed-use projects along the southern and eastern fringes of the city.
The county appraisal districts utilize annual market-based assessments to determine property values for taxation purposes.
Parcels are subject to standard municipal, county, and school district tax levies, with no significant MUD/PID presence reported.
Property insurance markets are stable, though premiums reflect regional exposure to severe weather events common in the Great Plains.
Data retrieved from data.census.gov ZCTA-level tables.
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 Zoo4.44.8 mi
- Washington Pavilion4.74.1 mi
- Wild Water West Waterpark and Flamingo Falls Campground4.29.9 mi
- Air Madness Trampoline Park4.33.3 mi
- Thunder Road of Sioux Falls4.55.3 mi
- Falls Park4.84.8 mi
- Denny Sanford PREMIER Center4.65.6 mi
- Sanford Pentagon4.57.6 mi
- Washington Pavilion4.74.1 mi
- W. H. Lyon Fairgrounds4.25.7 mi
- Falls Park4.84.8 mi
- Great Plains Zoo4.44.8 mi
- Washington Pavilion4.74.1 mi
- Butterfly House & Aquarium4.53.5 mi
- Wild Water West Waterpark and Flamingo Falls Campground4.29.9 mi
- Washington Pavilion4.74.1 mi
- McKennan Park4.83.2 mi
- Old Courthouse Museum4.74.6 mi
- Tripoint IA, MN, SD4.512.2 mi
- Pettigrew Home & Museum4.74.5 mi
- Falls Park4.84.8 mi
- Butterfly House & Aquarium4.53.5 mi
- Yankton Trail Park4.62.4 mi
- Great Bear Ski Valley4.66.3 mi
- Good Earth State Park Visitor Center4.85.2 mi
- Willow Run Golf Course4.54.8 mi
- Elmwood Golf Course4.66.2 mi
- The Creek Golf Course4.44.9 mi
- Bakker Crossing Golf Course4.64.8 mi
- Brandon Golf Course4.49.7 mi
- The Empire Mall4.24.3 mi
- Ross Dress for Less4.15 mi
- Fleet Farm4.37.5 mi
- Marshalls & HomeGoods4.24.9 mi
- Hy-Vee Grocery Store4.42.5 mi
- Sioux Falls Regional Airport4.36.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Various community parks and green spaces serving the residential neighborhoods.
Access to major retail and dining hubs along the southern city limits.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.