Metro area index
Home appreciation in the Sioux Falls, SD-MN metro area
FHFA HPI® data shows the Sioux Falls, SD-MN metro area's all-transactions index changed +2.5% over the year to Q2 2026, versus +2.2% for South Dakota and +3.0% for the U.S. That ranks 254th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.5%
- 5-year change
- +36.3%
- Since Q1 1995
- +266%
- Metro rank (1 year)
- 254th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Sioux Falls, SD-MN vs South Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Sioux Falls, SD-MN: 365.9
- South Dakota: 402.5
- United States: 391.6
Appreciation by time window
| Window | Metro | SD | U.S. | Gap vs SD | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.5% | +2.2% | +3.0% | +0.3 pts | −0.6 pts |
| 3 years | +8.1% | +11.4% | +12.9% | −3.3 pts | −4.8 pts |
| 5 years | +36.3% | +41.1% | +41.3% | −4.7 pts | −4.9 pts |
| 10 years | +87.7% | +90.2% | +93.3% | −2.5 pts | −5.6 pts |
| Since Q1 1995 | +266% | +302% | +292% | −36.6 pts | −25.7 pts |
3-digit ZIP regions in the Sioux Falls, SD-MN area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 571 · Sioux Falls, SD area | SD | +2.5% | +35.2% | +248% | 100% |
| 570 · Brookings, SD area | SD | +2.3% | +40.4% | +300% | 38% |
| 561 · Worthington, MN area | MN | +3.8% | +42.5% | +286% | 10% |
Boom, bust, and recovery in Sioux Falls, SD-MN area
Sioux Falls, SD-MN area's index peaked in Q1 2009, fell 4.0% to its low in Q2 2010, and regained its peak in Q1 2013, about 4 years after the top. Today it sits +114% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q2 2010 | -4.0% | Q1 2013 (4 yrs) | +114% |
| SD | Q1 2009 | Q2 2010 | -2.7% | Q3 2012 (3.5 yrs) | +118% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Sioux Falls, SD-MN area's index has changed +65.2% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | SD after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.3% | -1.6% | -0.8% |
| 3 years | +9.8% | -1.6% | +1.4% | +2.8% |
| 5 years | +24.0% | +9.9% | +13.7% | +13.9% |
| 10 years | +39.1% | +35.0% | +36.7% | +39.0% |
| Since Q1 1995 | +121% | +65.2% | +81.8% | +76.8% |
If you bought in the Sioux Falls, SD-MN area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +254% | $1,061,666 |
| Q2 2000 | +194% | $880,859 |
| Q2 2005 | +136% | $707,184 |
| Q2 2010 | +123% | $668,463 |
| Q2 2015 | +95.7% | $587,176 |
| Q2 2020 | +53.8% | $461,466 |
| Q2 2021 | +36.3% | $409,030 |
| Q2 2023 | +8.1% | $324,326 |
| Q2 2025 | +2.5% | $307,403 |
Frequently asked questions
- How much have home prices risen in the Sioux Falls, SD-MN area?
- FHFA HPI® data for the Sioux Falls, SD-MN metro area shows changes of +2.5% over one year, +36.3% over five years, and +87.7% over ten years to Q2 2026, and +266% since Q1 1995.
- Is the Sioux Falls, SD-MN area beating the national average?
- Over the past year the metro's index moved −0.6 pts versus the U.S.; over five years the gap is −4.9 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.