Sioux Falls city, SD — demographic & market profile
Sioux Falls city, SD demographic + market profile in one place — population, household income, home value, owner-occupancy, housing age, and the LocalVein Market Opportunity Score derived from those signals.
The numbers
- Total population
- 197,642
- Median household income
- $74,714
- Per-capita income
- $43,231
- Median home value
- $271,400
- Median gross rent (monthly)
- $993
- Total housing units
- 87,121
- Owner-occupied units
- 49,677
- Homeownership rate
- 57.0%
- Median year built
- 1992
- Median age
- 35.1
- Market Opportunity Score
- 27
Source: publicly available demographic data, latest release ingested by LocalVein. Updated April 2026.
How the Market Opportunity Score uses these numbers
The Market Opportunity Score (0-100) compresses the demographic profile into one agency-prospecting question: does this market support local-services agency retainers? Higher household income lifts the ceiling on what businesses here can afford to spend on marketing. Higher owner-occupancy correlates with longer customer tenure, which correlates with higher CLV — which means the local plumber here can spend more per acquisition.
Median home value and median year-built layer in housing-stock signals: older homes in expensive markets generate more home-services demand per capita than newer homes in equivalent markets. Population sets the absolute size of the addressable customer base — but a low-population market with the right income profile can outperform a high-population market without it.
For the full methodology see the glossary entry and the playbook.
See every Sioux Falls city prospect ranked by opportunity score
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