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ZIP Code · SD

ZIP 57104

Pop. 26,963·Minnehaha County·10th most expensive ZIP in South Dakota
Median rent (all units)
$1,289/mo
Year-over-Year
+14.7%
Month-over-Month
+7.2%
vs US Median
-$676
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 57104 · $1,289
More affordable than 87% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$770
1 BR
$880
2 BR
$1,030
3 BR
$1,410
4 BR+
$1,730
Research median
$1,030/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,468/yr
At $1,289/mo median
Location
StateSD
CountyMinnehaha County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.7% YoY, +7.2% MoM), not inventory.
Demographics

Who lives here

ZIP 57104 (Sioux Falls, SD) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 26.1% of residents hold a bachelor's degree or higher.

Population
26,963
Median income
$57,688
Median age
34.4
Renters
54.8%
Age distribution
19.4%
32.1%
24.9%
12.2%
Under 1819.4%
18–3432.1%
35–5424.9%
55–6411.3%
65+12.2%
Gender
55.4%
44.6%
Male55.4%
Female44.6%
Race & ethnicity
69.7%
White69.7%
Black9.7%
Hispanic8.9%
Asian1.2%
Other10.6%
Education (25+)
33.3%
31.6%
26.1%
No HS diploma9%
HS diploma33.3%
Some college31.6%
Bachelor's+26.1%
Housing tenure
45.2%
54.8%
Owner45.2%
Renter54.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 57104 in Sioux Falls, SD has changed in 5 years

Rent
$819 → $1,289
up 57.4%
Income
$46,407 → $57,688
up 24.3%
Population
26,117 → 26,963
up 3.2%
Renter share
59.4% → 54.8%
-4.6 pts
Bachelor's+
22.5% → 26.1%
+3.6 pts

Compared with 2021, rent in ZIP 57104 in Sioux Falls, SD has climbed by $470 per month, settling near $1,289 after starting the period at $819. Median household income grew from $46,407 to $57,688 between 2021 and 2024, a 24.3% shift. Rent outpaced income growth by roughly 33.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 26,117 to 26,963 between 2021 and 2024, a 3.2% change. About 54.8% of households rent today, against 59.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.5% to 26.1%. Taken together, the five-year picture in ZIP 57104 in Sioux Falls, SD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 57104

Last updated: July 20, 2026

ZIP code 57104 covers Sioux Falls, SD. The median rent here is $1,289/mo as of July 2026. A 1-bedroom rents for a median of $880/mo. A 2-bedroom rents for a median of $1,030/mo.

At 27% of local median household income ($57,688/yr), ZIP 57104 ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 57104?

As of July 20, 2026, the median monthly rent in ZIP 57104 (Sioux Falls, SD) is $1,289. This is based on aggregated data from public sources and community submissions.

How does ZIP 57104 rent compare to the US average?

ZIP 57104's median rent of $1,289/mo is $676 (34%) below the US national median of $1,965/mo.

How does ZIP 57104 compare to other ZIPs in South Dakota?

ZIP 57104 falls in the middle range for South Dakota, ranking #10 out of 16 ZIPs at $1,289/mo.

How much income do you need to rent in ZIP 57104?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (~$25/hour full-time) to afford the median rent of $1,289/mo in ZIP 57104. The local median household income is $57,688/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 57104?

Rent in ZIP 57104 has increased 14.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 57104 an affordable place to rent?

ZIP 57104 is considered affordable for renters. At $1,289/mo, rent takes approximately 27% of the local median household income ($57,688/yr). The standard benchmark is 30%. ZIP 57104 falls comfortably within that range.

What percentage of ZIP 57104 residents rent vs. own?

According to Census data, approximately 54.8% of ZIP 57104 households are renters, while 45.2% are owner-occupied. With a majority renter population, ZIP 57104 has a strong rental market.

How does ZIP 57104 compare to the rest of Sioux Falls?

ZIP 57104 is more affordable than Sioux Falls overall. At $1,289/mo, it's $38 below the Sioux Falls citywide median of $1,327/mo.

When was rent data for ZIP 57104 last updated?

Rent data for ZIP 57104 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,289/mo, rent takes ~27% of ZIP 57104's median household income ($57,688/yr). The standard benchmark is 30%.

ZIP 57104 27%Benchmark 30%
State income taxNone
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Public schools near ZIP 57104 (Sioux Falls, SD)

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