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ZIP Code · SD

ZIP 57108

Pop. 33,966·Lincoln County·7th most expensive ZIP in South Dakota
Median rent (all units)
$1,364/mo
Year-over-Year
+17.4%
Month-over-Month
-0.9%
vs US Median
-$601
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 57108 · $1,364
More affordable than 83% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,120
1 BR
$1,280
2 BR
$1,500
3 BR
$2,060
4 BR+
$2,520
Research median
$1,500/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
$16,368/yr
At $1,364/mo median
Location
StateSD
CountyLincoln County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.4% YoY, -0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 57108 (Sioux Falls, SD) is majority owner-occupied, has a median income above the national average, 54.3% of residents hold a bachelor's degree or higher.

Population
33,966
Median income
$98,197
Median age
37.7
Renters
38.2%
Age distribution
23.6%
22.3%
24.6%
18.3%
Under 1823.6%
18–3422.3%
35–5424.6%
55–6411.3%
65+18.3%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
88.8%
White88.8%
Black3.3%
Hispanic2.5%
Asian2.8%
Other2.6%
Education (25+)
19.4%
23.9%
54.3%
No HS diploma2.4%
HS diploma19.4%
Some college23.9%
Bachelor's+54.3%
Housing tenure
61.8%
38.2%
Owner61.8%
Renter38.2%

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

2021 vs 2026

How ZIP 57108 in Sioux Falls, SD has changed in 5 years

Rent
$1,026 → $1,364
up 32.9%
Income
$90,272 → $98,197
up 8.8%
Population
30,152 → 33,966
up 12.6%
Renter share
35.1% → 38.2%
+3.1 pts
Bachelor's+
51.5% → 54.3%
+2.8 pts

Compared with 2021, rent in ZIP 57108 in Sioux Falls, SD has climbed by $338 per month, settling near $1,364 after starting the period at $1,026. Census figures show median household income at $98,197 today, compared with $90,272 five years earlier. Rent outpaced income growth by roughly 24.1 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 30,152 to 33,966 between 2021 and 2024, a 12.6% change. About 38.2% of households rent today, against 35.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 51.5% to 54.3%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

Tips for renters in ZIP 57108

About renting in ZIP 57108

Last updated: July 20, 2026

ZIP code 57108 covers Sioux Falls, SD. The median rent here is $1,364/mo as of July 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,500/mo.

At 17% of local median household income ($98,197/yr), ZIP 57108 ranks as affordable compared to the national benchmark of 30%. Rents have increased 17.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 57108?

As of July 20, 2026, the median monthly rent in ZIP 57108 (Sioux Falls, SD) is $1,364. This is based on aggregated data from public sources and community submissions.

How does ZIP 57108 rent compare to the US average?

ZIP 57108's median rent of $1,364/mo is $601 (31%) below the US national median of $1,965/mo.

How does ZIP 57108 compare to other ZIPs in South Dakota?

ZIP 57108 falls in the middle range for South Dakota, ranking #7 out of 16 ZIPs at $1,364/mo.

How much income do you need to rent in ZIP 57108?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,364/mo in ZIP 57108. The local median household income is $98,197/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 57108?

Rent in ZIP 57108 has increased 17.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 57108 an affordable place to rent?

ZIP 57108 is considered very affordable for renters. At $1,364/mo, rent takes approximately 17% of the local median household income ($98,197/yr). The standard benchmark is 30%. ZIP 57108 falls comfortably within that range.

What percentage of ZIP 57108 residents rent vs. own?

According to Census data, approximately 38.2% of ZIP 57108 households are renters, while 61.8% are owner-occupied. ZIP 57108 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 57108 compare to the rest of Sioux Falls?

ZIP 57108 is pricier than Sioux Falls as a whole. At $1,364/mo, it's $37 above the Sioux Falls citywide median of $1,327/mo.

When was rent data for ZIP 57108 last updated?

Rent data for ZIP 57108 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
17%
VERY AFFORDABLE

At $1,364/mo, rent takes ~17% of ZIP 57108's median household income ($98,197/yr). The standard benchmark is 30%.

ZIP 57108 17%Benchmark 30%
State income taxNone
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Schools nearby

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