Investor market data · South Dakota

Sioux Falls, SD Rental Market for Investors

An estimated 52% of Sioux Falls's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of August 2026.

See what pencils →Run a DSCR

$350,700Median list price928 active listings

$38,233Median STR revenue / yrprojected, gross

Homes in Sioux Falls that pencil right now

A sample of active Sioux Falls listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of August 2026.

$144,777DSCR 1.78
3 bed · 1 bath · 1,640 sqft
House in 57104 · built 1900
STR revenue
$29,347/yr
Est. interest-only payment
$1,098/mo
On the market 67 days · Listed by eXp Realty - SF Allen Team
Scout this home & market: 3-bed house in Sioux Falls
$179,900DSCR 2.71
4 bed · 1.5 bath · 1,178 sqft
House in 57105 · built 1947
STR revenue
$48,037/yr
Est. interest-only payment
$1,183/mo
On the market 5 days · Listed by Hegg, REALTORS
Scout this home & market: 4-bed house in Sioux Falls
$220,000DSCR 1.85
4 bed · 2 bath · 1,588 sqft
House in 57104 · built 1946
STR revenue
$39,932/yr
Est. interest-only payment
$1,441/mo
On the market 17 days · Listed by Keller Williams Realty-Sioux Falls
Scout this home & market: 4-bed house in Sioux Falls
$230,000DSCR 1.41
3 bed · 1 bath · 1,376 sqft
House in 57104 · built 1915
STR revenue
$31,647/yr
Est. interest-only payment
$1,492/mo
On the market 151 days · Listed by eXp Realty - SF Allen Team
Scout this home & market: 3-bed house in Sioux Falls
$279,900DSCR 1.67
3 bed · 1 bath · 1,804 sqft
House in 57105 · built 1962
STR revenue
$39,739/yr
Est. interest-only payment
$1,588/mo
On the market 20 days · Listed by Berkshire Hathaway HomeServices Midwest Realty
Scout this home & market: 3-bed house in Sioux Falls
$294,500DSCR 1.47
4 bed · 1 bath · 2,032 sqft
House in 57105 · built 1952
STR revenue
$42,840/yr
Est. interest-only payment
$1,949/mo
On the market 28 days · Listed by Real Broker LLC
Scout this home & market: 4-bed house in Sioux Falls
$319,000DSCR 1.26
3 bed · 2 bath · 1,336 sqft
Townhouse in 57108 · built 2017
STR revenue
$40,230/yr
Est. interest-only payment
$2,129/mo
On the market 371 days · Listed by Madhu Realty
Scout this home & market: 3-bed townhouse in Sioux Falls

Ask about Sioux Falls deals →Run any address yourself

As of August 2026, we analyzed 928 active for-sale homes in Sioux Falls, South Dakota. The typical listing is priced at $350,700 and is projected to generate about $38,233 a year as a short-term rental.

After setting aside an estimated 20% for operating costs, an estimated 51.5% of those homes could still cover an investor mortgage payment on short-term-rental income — roughly in line with the 52.5% median across the 200 major metros we track, ranking Sioux Falls #109 of 200 for cash-flow potential.

On market momentum: homes in Sioux Falls sit a median of 40 days on the market, and 38% of active listings came on in just the last 30 days — a fast-moving market, which shapes how much room there is to negotiate.

For a DSCR loan — which qualifies on the property's rental income rather than your personal income — Sioux Falls runs tighter once operating costs are accounted for: many listings need a below-median price, a stronger short-term-rental setup, or more money down before the income covers the payment. It's a market where running the numbers property-by-property matters.

What actually works in Sioux Falls

Sioux Falls works for investors, but the window is specific: 205 of the 693 Sioux Falls homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $375,000.

Share of those listings clearing an DSCR of 1.25, by price and bedroom count. The smaller figure is the median DSCR for that group.
Price	1 bed	2 bed	3 bed	4 bed	5 bed
$150k–$250k	11%1.16	76%1.39	85%1.40	100%1.85	—
$250k–$350k	—	5%0.99	31%1.18	57%1.37	100%1.61
$350k–$500k	—	0%0.78	0%0.93	39%1.14	29%1.19
$500k+	—	0%0.32	0%0.58	0%0.61	0%0.72

Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.

Sioux Falls in full

Active for-sale homes analyzed	928
Median list price	$350,700
Median projected STR revenue (annual, gross)	$38,233
Median average daily rate (ADR)	$184
Median occupancy	56%
Median beds	3
Median size	1,759 sqft
Estimated cash-flow-positive share	51.5%
Median days on market	40 days
New listings (last 30 days)	38.1% of active