The story of this market
The typical home in Minnehaha County, South Dakota sells for about $338,884, or $188 per square foot.
Prices are up +3.6% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. Over the long run, values in this county have grown 158% since 2000. Last year 30 of 44 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is tornado, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,228 a month.
HUD sets the fair market rent for a 2-bedroom at $1,228 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+1.9%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+16.2%). Worst: 2010 (-1.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.8%
SD · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,694
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1.9%
2025 change
FHFA repeat-sales index, median of 44 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
62
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $103,747,439.
Mortgage activity
Home lending in this county
86.5%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 9186 | 5478 | 86.5% | 6.2% | $200,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Minnehaha County, South Dakota
Minnehaha County's housing market demonstrates sustained stability and modest annual price appreciation, supported by steady healthcare and professional employment growth in Sioux Falls. Median days on market remain brisk at approximately 30 days with a strong 98.6% sale-to-list price realization. Manageable inventory gains have balanced demand, preventing severe price volatility while maintaining solid seller liquidity.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 11 cities · 17 ZIP reports
Median prices moved up 0.0% year over year.
Homes spend a median of 38 days on market with 0.8 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 27.83% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 9.4% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 17 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Minnehaha County, South Dakota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Sep 15, 2026.
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
| 57003 | Baltic | $400,000 | $174 | +6.9% | 29 | — | — | 3.5 | 1,567 | $1,591 | researched Sep 27 |
| 57005 | Brandon | $330,000 | $189 | +2.9% | 31 | 98.5% | 3.6% | 3.5 | 1,409 | $972 | researched Sep 27 |
| 57016 | Chester | $359,000 | $206 | +12.1% | 53 | 100% | — | 3.5 | 3,365 | $1,146 | researched Sep 27 |
| 57018 | Colton | $335,000 | $187 | +2.9% | 31 | 100% | — | 3.5 | 1,409 | $736 | researched Sep 27 |
| 57020 | Crooks | $335,000 | $189 | +2.9% | 31 | 97.8% | — | 3.5 | 1,314 | $1,192 | researched Sep 27 |
| 57022 | Dell Rapids | $266,000 | $187 | -17.8% | 47 | 98.8% | 15.7% | 3.5 | 1,409 | $999 | researched Sep 27 |
| 57030 | Ramona | $328,750 | $189 | +2.9% | 31 | 97.8% | — | 3.6 | 20 | $724 | researched Sep 27 |
| 57033 | Hartford | $397,450 | $263 | -14% | 52 | 98.5% | 15.7% | 3.5 | 15 | $938 | researched Sep 27 |
| 57035 | Humboldt | $268,000 | $158 | -13.5% | 46 | 98.5% | 15.7% | 4 | 12 | $745 | researched Sep 27 |
| 57055 | Renner | $332,500 | $197 | +1.7% | 51 | 100% | — | — | 33 | $1,228 | researched Sep 27 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Violent and property crime rates across Minnehaha County largely track the Sioux Falls urban core, which exhibits slightly higher per-capita incidence than rural South Dakota but remains comparable to regional upper-Midwest metropolitan benchmarks.
Public education across the county is anchored by the Sioux Falls School District and Brandon Valley School District, with multiple primary and intermediate campuses receiving top-tier 9/10 and 10/10 GreatSchools ratings.
First Street models assess Minnehaha County with a moderate flood risk impacting roughly 10 percent of properties along the Big Sioux River basin, paired with moderate wildfire/grassfire risk and growing convective severe summer storm exposure.
Economic growth is anchored by expanding healthcare systems (Sanford Health and Avera Health), financial/banking operations, food processing, and continued westward and northern suburban industrial logistics expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. Federal (United States (federal)) — Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) Superfund Liens: Establishes a statutory federal lien upon the parcel running in favor of the United States for all unrecovered cleanup costs, damages, and statutory interest incurred by the EPA. Rate and formula: Direct Dollar-for-Dollar Reimbursement (Lien Amount = Incurred Response Costs + Administrative Costs + Federal (United States (federal)) — Foreign Investment in Real Property Tax Act (FIRPTA) Withholding: Imposes an affirmative withholding tax obligation on the transferee (buyer) to withhold and remit tax on the gross amount realized (gross sales price). The statutory base withholding rate is 15% of the total purchase price (Formula: Tax = Amount Realized × 15%). Exemptions and reductions: (1) 0% wit Federal (United States (federal)) — Federal General Tax Lien Encumbrance: Under IRC § 6321, a statutory lien arises automatically as of the date of assessment and attaches to all real property owned or acquired by the taxpayer.
Minnehaha County serves as eastern South Dakota's primary commercial hub, driven by healthcare regional headquarters, regional banking and payment processors, manufacturing, and agricultural agribusiness processing.
Transportation centers around the intersection of Interstate 90 and Interstate 29, complemented by Sioux Falls Regional Airport (FSD) and local arterial ring-road corridors.
Municipal master planning focuses on absorbing inward commercial infill along the riverway and steady master-planned suburban subdivisions extending toward Brandon, Hartford, and northern corridors.
The Minnehaha County Director of Equalization reassesses real property annually to reflect full and true market value pursuant to South Dakota statutory assessment standards.
Parcels are subject to tax levies from respective school districts, municipal corporations, county government, township road districts, and county-wide drainage/water management entities.
Property insurance conditions remain stable relative to national trends, though underwriting scrutiny has risen modestly for severe convective wind and hail storm events.
- Great Plains Zoo4.49.3 mi
- Washington Pavilion4.79.8 mi
- Wild Water West Waterpark and Flamingo Falls Campground4.211.2 mi
- Air Madness Trampoline Park4.316.6 mi
- Thunder Road of Sioux Falls4.58.7 mi
- Falls Park4.89.3 mi
- Denny Sanford PREMIER Center4.68.2 mi
- Sanford Pentagon4.56.4 mi
- Washington Pavilion4.79.8 mi
- W. H. Lyon Fairgrounds4.28.4 mi
- Falls Park4.89.3 mi
- Palisades State Park4.815.4 mi
- Great Plains Zoo4.49.3 mi
- Washington Pavilion4.79.8 mi
- Butterfly House & Aquarium4.511.4 mi
- Washington Pavilion4.79.8 mi
- McKennan Park4.810.7 mi
- Porter Sculpture Park4.717.3 mi
- Old Courthouse Museum4.79.4 mi
- Tripoint IA, MN, SD4.522.2 mi
- Falls Park4.89.3 mi
- Palisades State Park4.815.4 mi
- Butterfly House & Aquarium4.511.4 mi
- Yankton Trail Park4.611.9 mi
- Great Bear Ski Valley4.610.4 mi
- Hillside Resort4.320.6 mi
- Willow Run Golf Course4.513.8 mi
- Elmwood Golf Course4.67.6 mi
- Bakker Crossing Golf Course4.615.1 mi
- The Creek Golf Course4.418.2 mi
- Brandon Golf Course4.414.8 mi
- The Empire Mall4.210.9 mi
- Ross Dress for Less4.19.9 mi
- Fleet Farm4.36.4 mi
- Marshalls & HomeGoods4.210 mi
- Hy-Vee Grocery Store4.411.4 mi
- Sioux Falls Regional Airport4.37.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Iconic 128-acre city park surrounding the waterfalls of the Big Sioux River in central Sioux Falls.
Year-round outdoor recreation park offering winter skiing, snowboarding, tubing, and summer trail hiking.
Major multi-purpose indoor arena hosting national touring concerts, sporting events, and conventions.
Data retrieved from U.S. Census Bureau QuickFacts and ACS county tables for Minnehaha County, SD.