Housing market/South Dakota/ZIP 57104
ZIP 57104 Sioux Falls, South Dakota
Sioux Falls, SD HUD Metro FMR Area · South Dakota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 57104 · SD — sent to you.
ZIP 57104 · SD
ACS rent vs 2BR SAFMR
ZIP 57104 — Sioux Falls, SD HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 57104
- 1-unit detached6,17944.3%
- 1-unit attached4123.0%
- 2–4 units1,3819.9%
- 5–49 units4,32831.1%
- 50+ units1,1888.5%
- Mobile4483.2%
2–4 unit share 9.9% · 5–49 unit share 31.0% · combined 2–49 40.9%.
Units by bedrooms
Rent burden
- ACS median gross rent $849 (all bedrooms, occupied rentals).
- Median contract rent $768.
- Renters paying ≥30% of income 34.2%; ≥50% 16.1%.
- FY2027 2BR SAFMR $1,120 (1.319× ACS median gross rent).
Population
27,406 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +5.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 21 projects, 782 units.
- HUD project-based assisted MF: 8 properties, 302 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 1,026 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 57104 56.4% of occupied households are renters; vacancy is 11.2%; ACS median gross rent is $849; population increased +5.2% between the 2018 and 2023 ACS vintages; the housing stock includes 1,381 units in 2–4-unit structures and 4,328 units in 5–49-unit structures; 21 LIHTC projects totaling 782 units; FY2027 2BR SAFMR is $1,120 versus ACS median gross rent of $849. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
South Dakota research
ZIP 57104 is a Census / HUD profile for Sioux Falls, SD. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 57104 — Sioux Falls, SD HUD Section 8 Payment Standards / SAFMR·South Dakota ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is South Dakota research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 57104?
ZIP 57104 (Sioux Falls, SD HUD Metro FMR Area) has 27,406 residents, 12,390 households, a renter share of 56.4%, median household income of $59,161, and ACS 2023 median gross rent of $849. Vacancy is 11.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 57104?
ACS counts 488 units in 2-unit buildings, 893 in 3–4 unit buildings, 890 in 5–9, 1,338 in 10–19, and 2,100 in 20–49. Combined 2–49 unit stock is 5,709 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 57104?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,120. See the full schedule and 90–110% payment-standard band on the ZIP 57104 — Sioux Falls, SD HUD Section 8 Payment Standards / SAFMR.
Does this South Dakota ZIP profile include Georgia listings?
No. ZIP 57104 is Census / HUD research for Sioux Falls, SD HUD Metro FMR Area. Jeff Crowe CRE does not list South Dakota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.