The story of this market
The typical home in ZIP 57319 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 $729 a month.
ZIP 57319 — Bridgewater
The Sioux Falls housing market is showing signs of stabilization with moderate price growth and a return to more typical seasonal activity. While inventory remains tight, the market is benefiting from a strong local economy and steady demand from buyers. Current conditions reflect a balanced environment where well-priced homes continue to move efficiently.
This area is well-suited for families and professionals seeking a balance of urban amenities and suburban affordability. It attracts a mix of first-time homebuyers and long-term residents drawn by the stable economy and high quality of life.
Median prices moved up 2.9% year over year.
Homes spend a median of 31 days on market with 3.5 months of supply — a fast-moving market.
4% of listings have cut prices · homes sell at 97.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 6.6% — 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 6.8%/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 6.6%/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 57319, South Dakota
Crime rates in the Sioux Falls area remain generally consistent with regional averages for mid-sized Midwestern cities. Local law enforcement reports stable trends, with property crime being the primary focus of community safety initiatives.
The area is served by the Sioux Falls School District, which maintains a diverse portfolio of public schools. Most institutions are characterized by steady performance metrics and ongoing investments in vocational and college-prep programming.
The region faces moderate risks from severe weather, including high winds and occasional hail during summer months. Flood risk is generally localized to specific drainage basins, and standard property insurance remains widely available.
Sioux Falls serves as a regional economic hub with strong momentum in healthcare, financial services, and manufacturing. Major infrastructure projects and consistent commercial development continue to support a growing labor market.
Property taxes are assessed at the county level based on market value, with rates determined by local school district and municipal levies. South Dakota does not impose a state-level personal income tax, which benefits overall housing affordability.
Residents typically rely on personal vehicles for commuting, with well-maintained arterial roads providing efficient access to the downtown employment core. Public transit options are available but limited in coverage compared to larger metropolitan areas.
The area features extensive access to the Big Sioux River Greenway, numerous neighborhood parks, and public golf courses. Shopping and dining are concentrated in the central business district and major retail corridors.
The rental market remains competitive with steady demand driven by the city's growing workforce. Vacancy rates are generally low, and rent growth has stabilized following a period of rapid appreciation.
The economy is anchored by the healthcare sector, financial services, and food processing. Major employers include Sanford Health and Avera Health, which provide significant stability to the local labor market.
The city is served by a network of highways including I-29 and I-90, facilitating regional logistics and commuting. Local transit is managed by Sioux Area Metro, providing bus service throughout the city.
Development is focused on infill projects and the expansion of residential subdivisions on the city's periphery. Mixed-use developments are increasingly common in the downtown and midtown areas.
The Minnehaha County Assessor's office conducts annual market value assessments to ensure property tax equity. Assessments are based on comparable sales data and physical property inspections.
Parcels are subject to municipal, county, and school district taxes. Some newer developments may be subject to special assessment districts for infrastructure improvements.
Property insurance premiums are influenced by regional weather patterns, specifically wind and hail risk. Market health is stable with multiple national carriers providing coverage.
South Dakota continues to see positive net domestic migration, driven by individuals relocating from higher-cost states for economic opportunity and lifestyle benefits.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process that typically results in shorter timelines for lenders compared to judicial states.
Sellers are required to provide a written property condition disclosure statement to buyers, detailing known material defects in the home.
Data retrieved from data.census.gov using 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.
The city's namesake park featuring waterfalls and historic ruins.
A major regional zoo and education center.
The primary regional shopping destination for the Sioux Falls area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.