Sioux Falls, SD
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Sioux Falls short-term rental market based on reliable data.
Listings
383 / 759
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$26,774
Middle-Earners Revenue
Occupancy
59%
Middle-Earners Occupancy
Home Value
$322,725
Median Home Sale Price
Top Earners
$47,020
Top-Earners Revenue
Sioux Falls
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Sioux Falls.
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Generally Investor friendly
Sioux Falls Regulations
Sioux Falls explicitly permits STRs and provides clear, online permitting at $50 per address with no stated caps on units or density, a reasonable 3/bedroom occupancy rule, and an optional training course managed through a straightforward portal. However, investors must secure state sales tax and lodging licenses, complete training (or find an exempt manager), and operate under a revocation policy after the fourth violation within three years, which adds moderate compliance steps and enforcement risk.
Local STR Agent
STR specialist · Sioux Falls, SD
About Sioux Falls
Sioux Falls, the largest city in South Dakota, offers a unique appeal for short-term rentals. With a population of approximately 192,000, it is situated about 233 miles northwest of Omaha, Nebraska, and 280 miles southwest of Minneapolis, Minnesota. This strategic location makes it an attractive destination for travelers seeking a mix of urban amenities and Midwestern charm.
Key landmarks in Sioux Falls enhance its appeal for visitors. The Falls Park (https://www.siouxfalls.org/)) is one of the city's most renowned attractions, featuring picturesque waterfalls, walking trails, and historic ruins. Another notable site is the SculptureWalk Sioux Falls (https://sculpturewalksiouxfalls.com/),,) an outdoor art exhibit that changes annually and stretches across the downtown area, providing a cultural touchstone for the community.
The Washington Pavilion (https://www.washingtonpavilion.org/)) serves as a hub for the arts and sciences, offering a variety of exhibits, live performances, and educational programs. Additionally, the Great Plains Zoo & Delbridge Museum of Natural History (https://greatzoo.org/)) offers family-friendly activities with a wide range of animal exhibits and historical displays.
Sioux Falls' blend of natural beauty, cultural landmarks, and proximity to major cities makes it an inviting locale for short-term rentals, appealing to both leisure and business travelers.