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Minnehaha County, SD

RANK #390 / 1001 NAT  ·  POP 203,289

1YR FORECAST: +0.8%

5YR OUTLOOK: +30%

Minnehaha County's housing market is projected to grow +0.8% over the next year, tracking near the national average.

[01] Why Minnehaha County?

Minnehaha County, South Dakota, is often recognized for the dramatic quartzite waterfalls of the Big Sioux River in Falls Park, which gave Sioux Falls its name and serves as a natural landmark in the heart of the county's largest city. Located in southeastern South Dakota, bordering Minnesota and Iowa, the county encompasses rolling agricultural hills and smaller communities like Brandon and Dell Rapids, which are about a 20-minute drive from Sioux Falls. Commuting within the county is primarily by car, though Sioux Falls offers public bus routes. The community feel ranges from urban in Sioux Falls to more rural in outlying areas, with outdoor recreation opportunities including hiking, biking, and water activities at places like Palisades State Park and Wall Lake.

Life in Minnehaha County appeals to families and young professionals, with highly rated public schools across districts like Brandon Valley and Sioux Falls. The economy is diverse, with significant employment in healthcare, social assistance, manufacturing, and finance. Recent economic developments show continued growth, driven by investments in sectors such as data centers and manufacturing, which contribute to the area's ongoing expansion. This growth has led to an increase in housing demand, with both single-family homes and apartment complexes being developed.

MARKET PROFILE

Idiosyncratic Markets

Minnehaha County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +1.3% YoY, population +1.3%, wages +2.8%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
6.2x

Below national median (11.3x)

Home Prices
+1.3%

Below national median

Climate & Terrain
-2.6

Below-average climate & terrain

Price/Rent
19x

Above national median (15x)

Housing is fairly valued at 6.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Sanford Health Healthcare
    10,000+
  2. 2
    Avera Health Healthcare
    5,000+
  3. 3
    Sioux Falls School District Education
    2,500+
  4. 4
    Smithfield Foods Manufacturing
  5. 5
    Hy-Vee Food Stores Retail
  6. 6
    Wells Fargo Finance
    1,000+
  7. 7
    Walmart/Sam's Club Retail
  8. 8
    City of Sioux Falls Government
  9. 9
    Amazon Logistics
  10. 10
    Citi Finance

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Minnehaha County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
203,289
+1.3% YoY
Median Household Income
$76,880
Median Home Value
$287,600
+1.29% 12mo
Median Rent
$978
Average Annual Pay
$66,907
+2.8% YoY
Employment
139,771
+0.9% YoY
Income-to-Home-Value
0.2673
More affordable than average
Migration Inflow
3.32%
of pop. from another state
Bachelor's Degree+
35.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$339,900
Days on Market
30
Active market
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
20.5%
Listings w/ Price Drops
24.5%
Building Permits (2025)
2,044
Single-Family Permits
966

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
4.0
per 100K · nat avg 6.3
Firearm Fatalities
10.0
per 100K · nat avg 14.8
Injury Deaths
79.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
40.7
Good
Good Air Days
74%
801 of 1,079 days
Unhealthy+ Days (3yr)
33
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
39
2022
39
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,094M
TOTAL
PROJECT AMOUNT STATUS
Schwan's Company Asian Food Manufacturing Plant
CJ CheilJedang (subsidiary Schwan's Company)
$544M Under Construction
Gemini Data Center Sioux Falls
Gemini Data Center SD LLC
$500M Planned
FedEx Ground Distribution Center (Project Puma)
FedEx Ground (Scannell Properties)
$50M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth +1.3% 75 percentile
Income Growth +1.1% 16 percentile
Vacancy Rate 1.4% 21 percentile
Home Price Change +1.3% 43 percentile
Rent Growth +3.5% 61 percentile
Price/Rent 19x 23 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Minnehaha County, SD a good place to move to?

With a Boom Town Index score of 61/100, Minnehaha County sits in the upper half of all 1001 ranked counties. Employment is expanding at +0.9%, and median household income stands at $76,880 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in SD.

Is Minnehaha County affordable?

Housing in Minnehaha County is roughly in line with national affordability norms. The median home costs $287,600 and the income-to-home-value ratio sits at 0.27, with rents averaging $978/month. Not a bargain, but not a stretch for most local earners either.

Is Minnehaha County growing or shrinking?

Minnehaha County's population is growing — up +1.3% YoY — while the job market is roughly flat (employment change of +0.9%). Home values shifted +1.3% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Minnehaha County?

There's a moderate stream of newcomers. About 3.32% of residents moved from another state, which is above average and suggests Minnehaha County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Lincoln County, SD 34 Pennington County, SD 32 Onslow County, NC 61 Schenectady County, NY 61 Sussex County, NJ 61 Benton County, WA 62 Porter County, IN 60 Catawba County, NC 60