Rental numbers for Minnehaha County, SD
The typical home here runs -$1,396 a month at 7.78% with 25% down. 0 of 7 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.6%.
- Gross yield
- 4.7%
- typical home, Zillow
- Median ZIP yield
- 4.6%
- 7 ZIPs with full data
- Cash flow
- -$1,396/mo
- at 7.78%, 25% down
- Typical price
- $327,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,272/mo
- Zillow ZORI, Aug 2026
ZIP codes in Minnehaha County
16 with published figures
| 57104Sioux Falls | $223,000 | $1,287 | 6.9% | 3.1% | -$628 | +3.8% |
| 57103Sioux Falls | $289,000 | $1,442 | 6.0% | 2.4% | -$974 | +5.1% |
| 57105Sioux Falls | $287,000 | $1,205 | 5.0% | 1.6% | -$1,160 | +2.1% |
| 57107Sioux Falls | $328,000 | $1,267 | 4.6% | 1.4% | -$1,387 | n/a |
| 57106Sioux Falls | $334,000 | $1,236 | 4.4% | 1.1% | -$1,482 | +4.1% |
| 57005Brandon | $395,000 | $1,394 | 4.2% | 1.1% | -$1,780 | n/a |
| 57020Crooks | $374,000 | $1,300* | 4.2% | 1.1% | -$1,669 | n/a |
| 57068Valley Springs | $354,000 | $1,220* | 4.1% | 1.1% | -$1,599 | n/a |
| 57003Baltic | $367,000 | $1,200* | 3.9% | 0.7% | -$1,762 | n/a |
| 57110Sioux Falls | $430,000 | $1,332 | 3.7% | 0.7% | -$2,065 | +2.6% |
| 57018Colton | $311,000 | $930* | 3.6% | 0.6% | -$1,533 | n/a |
| 57022Dell Rapids | $374,000 | $1,090* | 3.5% | 0.3% | -$1,909 | n/a |
| 57035Humboldt | $335,000 | $930* | 3.3% | 0.1% | -$1,793 | n/a |
| 57033Hartford | $409,000 | $1,100* | 3.2% | 0.1% | -$2,188 | n/a |
| 57030Beaver Creek | $395,000 | $970* | 2.9% | 0.1% | -$2,093 | n/a |
| 57055Renner | $511,000 | $1,150* | 2.7% | 0.1% | -$2,717 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.3%
- Rent, 12 months
- +3.8%
- Rent minus price growth
- +2.5 pts
- Property tax
- 1.14%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $265,019 | $1,028 |
| Aug 2022 | $301,353 | $1,167 |
| Aug 2023 | $307,293 | $1,204 |
| Aug 2024 | $318,154 | $1,231 |
| Aug 2025 | $322,848 | $1,225 |
| Aug 2026 | $327,050 | $1,272 |
HUD Fair Market Rent
FY2027, Sioux Falls, SD HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $941 | $1,044 | $1,228 | $1,694 | $2,053 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 27.5
- 2,329 units, last 12 months
- National percentile
- 95th
- among US counties
Tools
Test a listing in Minnehaha County against today's rate.
Open the calculatorPart of the Sioux Falls, SD metro.
Questions
- Is Minnehaha County good for rental property?
- The typical home here runs -$1,396 a month at 7.78% with 25% down. 0 of 7 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.6%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Minnehaha County?
- About 1.14% of value, from Census ACS median taxes paid over median home value. On a $327,000 home that is about $3,732 a year.
- What is Fair Market Rent in Minnehaha County?
- HUD's FY2027 Fair Market Rent here is $1,044 for a 1-bedroom, $1,228 for a 2-bedroom and $1,694 for a 3-bedroom. Typical cash flow at today's rate is -$1,396 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.