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Sioux Valley School District 05-5

Learn about the people, housing, costs and businesses in Sioux Valley School District 05-5, South Dakota

Median Home$274,611
Median Rent$1,092/month
Population3,747
Leading IndustriesEducation · Retail · Construction4% education
Home Value Growth⬆⬆+13.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners72% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 17% nationally
Sioux Valley School District 05-5
SD

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Frequently Asked Questions

What are today's mortgage rates in Sioux Valley School District 05-5?

As of today, the 30-year fixed mortgage rate for Sioux Valley School District 05-5 is approximately 6.958% (6.996% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Sioux Valley School District 05-5
What is the median home price in Sioux Valley School District 05-5?

The median home value in Sioux Valley School District 05-5 is $275k. The median monthly rent is $1,092. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sioux Valley School District 05-5?

Home values in Sioux Valley School District 05-5 have increased 13.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sioux Valley School District 05-5?

Based on a typical all-in ownership cost of $1,040/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sioux Valley School District 05-5 is $83k/year.

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What industries drive the economy in Sioux Valley School District 05-5?

The largest employment sectors in Sioux Valley School District 05-5 are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.