ZIP 57104
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 57104 usually run 0.9% below trend in January and 1.1% above it in September, about $25 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 57104 is at its highest level since Zillow's records here began in January 2018.
Rent in ZIP 57104 changed +4.0% over the year to September 2026. Across the 14 South Dakota ZIP codes Zillow tracks, the typical change was +4.1%.
From 2019 to 2024, rent in ZIP 57104 rose 39.9% while median household income rose 41.7% ($40,721 to $57,688). Income kept ahead of rent.
Rent in ZIP 57104 is 45% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($57,688) is $1,442 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,410); a 4-bedroom is $1,730.
4th cheapest of 7 ZIP codes in Sioux Falls.
ZIP 57105, 6 miles away, rents for 13% less ($1,081/mo), about $2,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 57104. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 57104 in Sioux Falls, SD has changed in 5 years
Compared with 2021, rent in ZIP 57104 in Sioux Falls, SD has climbed by $322 per month, settling near $1,247 after starting the period at $925. Median household income grew from $46,407 to $57,688 between 2021 and 2024, a 24.3% shift. Rent outpaced income growth by roughly 10.5 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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Tips for renters in ZIP 57104
Last updated: October 17, 2026
ZIP code 57104 covers Sioux Falls, SD. The median rent here is $1,247/mo as of October 2026. A 1-bedroom rents for a median of $880/mo. A 2-bedroom rents for a median of $1,030/mo.
At 26% of local median household income ($57,688/yr), ZIP 57104 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.
Frequently asked questions
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How does ZIP 57104 compare to the rest of Sioux Falls?
At $1,247/mo, rent takes ~26% of ZIP 57104's median household income ($57,688/yr). The standard benchmark is 30%.
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