7 Reasons to Buy a Home in Sioux Falls

Interested in buying a house in Sioux Falls? From majestic views to ranking as one of the best places to raise kids, Sioux Falls real estate is a great place to invest!

South Dakota has historically been ignored when it comes to real estate. Due to its low population and lack of coastal cities, South Dakota most often comes up when planning tourist excursions or road trips.

That's a shame, given the value of Sioux Falls real estate. If you're looking to invest in quality real estate, in a town where your children can grow up, Sioux Falls is the place to be. 

If you're on the fence, we've assembled a home buying guide with seven reasons why you should buy a home in Sioux Falls. Let's get started!

1. Cost of Living 

The cost of living is skyrocketing around the United States. Inflation is affecting groceries, gas prices, and so much more. 

Housing prices are also through the roof. Some experts have even compared it to the boom prior to the Great Recession, without the expectation of the bubble popping anytime soon. 

If you're looking to buy a house, Sioux Falls is the place to do it. The average mortgage payment in Sioux Falls is much cheaper than the national average. 

The average payment here is $875. That's $400 less than what people pay on average nationwide!

When you invest in Sioux Falls real estate, you'll be able to afford more house for your dollars. However, cost of living assessments also include groceries, utilities, and so forth. 

The national average is 100. On this scale, Sioux Falls ranks at 88.6. If you're moving from high cost-of-living places like New York City or San Francisco, this could be a welcome surprise!

Depending on your job, Sioux Falls could be a fantastic opportunity for you. Say that you're working a tech job in a high-cost city. If this job can be done remotely, your dollars will go infinitely farther in Sioux Falls.

This can give you an opportunity to start a family, invest in a bigger house, or finally pay off your debt. If you're looking to buy a home, Sioux Falls is the place to do it. 

2. Keeping It Family-Friendly

Are you looking to start a family, or raise your current family in a great place? If so, Sioux Falls is the place to do it. 

In our home buying guide, we want to flag valuable information that helps you make a decision. To assess the family-friendly nature of Sioux Falls, this is the information used:

• Crime rate
• Number of entertainment facilities, such as parks
• High school graduation rate 
• What percentage of the population are children 

For two years in a row, Sioux Falls has ranked in the 'top 10 best places to raise children', based on these criteria. If you're looking for a break from cramped, crime-ridden big city living, Sioux Falls may be the place to go.

3. Get Outside

There's a reason that South Dakota often lands on someone's road trip list! It's a great place to get outdoors and experience all that nature has to offer. 

When you live in Sioux Falls, you'll have easy access to Great Bear Recreation Park. This will allow you to participate in skiing, ice fishing, sledding, tubing, bird-watching, tubing, and so much more. 

You'll also be close to the Big Sioux River Greenway. You'll be able to run, bike, fish, swim, and hike along the 19-mile trail.

4. Employment Opportunities 

When it comes to buying a house, many experts focus on the Great Migration. In the wake of the pandemic, many white-collar jobs are going remote. This means that location doesn't matter anymore. 

A tech job in San Francisco can be done from Sioux Falls. It doesn't matter, as long as you get your work done! But what if you or your spouse will be looking for a job based out of Sioux Falls?

If that's the case, you're in luck! Sioux Falls has a strong footing in the following industries:

• Food processing
• Finance
• Biomedical equipment 
• And more

No matter what field your expertise falls in, there's a place for you in Sioux Falls. The unemployment rate in this city is also quite low, which is always good news for potential job-seekers.

5. Education 

Looking to put your kids in school? Or are you looking to go back to school yourself? 

Out of the top ten public schools in South Dakota, two are located in the city of Sioux Falls. There are also three fantastic colleges located here as well. 

The overall population of Sioux Falls is well-educated. One-third of the adult population holds a bachelor's degree (or a higher level of education.) In Sioux Falls, education is a high priority!

6. Taxes

In many states, high taxes are the final straw that ends up breaking the proverbial camel's back. If your state has a personal income tax or high sales tax, your hard-earned dollars may be going down the drain. 

In the state of South Dakota, there is no personal income tax. If you're used to paying it, this could be a welcome relief. In Sioux Falls, the sales tax rate is 6.5 percent, which is far below the national average of 7.3 percent.

7. Restaurants

Any home buying guide for Sioux Falls would be remiss without mentioning the food. As any Sioux Falls real estate agent would tell you, Sioux Falls has a great reputation for restaurants. 

Looking for vegetarian or vegan choices? There are cute sidewalk cafes that fit the bill.

If you prefer your restaurants with a stamp of approval from the Food Network, there are a few bar and grill places that can claim that distinction. If you love Mediterranean or Brazilian food, there are great choices in Sioux Falls too!

Home Buying Guide in Sioux Falls

From low taxes to fantastical educational options, our home buying guide to Sioux Falls lists a lot of great reasons to move to this city. With an opportunity to invest in prime real estate and raise a family, Sioux Falls is a great option.

If you're interested in making the jump, contact us today! We can help.