What HUD offices serve Sioux Falls, South Dakota?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the South Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Sioux Falls.
How many renters live in Sioux Falls, South Dakota?
The City of Sioux Falls has 202,090 people living in 86,565 households.
There are 58,049 renters living in 32,652 renter households in this City. Renters make up 28.72 percent of the population living in Sioux Falls.
What is the rental market like in Sioux Falls, South Dakota?
There are an estimated 84,021 housing units in the Sioux Falls area. Of these, 33,756 units are rental homes, making up 40 percent of the housing market. For every renter household in Sioux Falls, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Sioux Falls?
The rental vacancy rate in Sioux Falls is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Sioux Falls for each bedroom size?
Occupied Rental Units by Size in Sioux Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1,425 | 12,607 | 12,015 | 4,214 | 1,724 |
Occupied Rental Units by Size in Sioux Falls
A large number of apartments in Sioux Falls have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Sioux Falls are overburdened by housing costs?
Among renter households in this market, 36 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Sioux Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $769 to $1,768. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $769 |
| One BR | $884 |
| Two BR | $1,042 |
| Three BR | $1,417 |
| Four BR | $1,768 |
2024 Fair Market Rents in Sioux Falls, South Dakota
How many units are rented at Fair Market Rent (FMR) in Sioux Falls?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 1,058 | 74 percent |
| One BR | 6,862 | 54 percent |
| Two BR | 6,226 | 52 percent |
Rental Units Below FMR in Sioux Falls, South Dakota
How many affordable rental units are in Sioux Falls?
There are a variety of federal affordable housing programs serving households in Sioux Falls, South Dakota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 4,089 |
| Public Housing | 24 |
| Section 8 Project-Based Rental Assistance | 973 |
| Mod Rehab Project-Based Rental Assistance | 62 |
| Section 202 Supportive Housing for the Elderly | 137 |
| Section 811 Supportive Housing for Persons with Disabilities | 54 |
Tracked Units by Federal Program in Sioux Falls, South Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sioux Falls, South Dakota
Sioux Falls features 1,350 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Sioux Falls, South Dakota
There are 3,336 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sioux Falls.
Housing Choice Vouchers in Sioux Falls, South Dakota
On average, Section 8 Housing Choice vouchers pay Sioux Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Sioux Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sioux Falls, South Dakota for a two-bedroom apartment is between $938 and $1,146.
Sourced from federal housing data and AffordableHousingOnline.com research.
