Housing Realities in Sioux Falls
- In Sioux Falls, one in six households (16%) make less than $20,000 a year.
- More than 3,000 households make less than 30% of the area median income.
- At least 1,000 new affordable housing units must be constructed to meet the current demand.
- Up to 250 new households each year make less than 50% of the area median income.
Sioux Falls Housing Needs
- Waiting lists for affordable housing for low-income households with Sioux Falls Housing and Redevelopment Commission’s housing assistance programs show:
- 1,494 households waiting for a one-bedroom unit
- 1,128 households waiting for a two-bedroom unit
- 839 households waiting for a three-bedroom unit
The average time spent on the waiting list is more than four years.
- The majority of those on waiting lists have an annual income lower than 50% of the area median income.
- In 2012, there were 729 households in Minnehaha County who were homeless. A total of 174 children were homeless.
- 89% of the homeless are employed.
- The average rent for a conventional apartment is $670 for a two-bedroom unit, with the vacancy rate at 4.65%. For a household to pay the average rent of $670 per month, a wage earner making minimum wage would have to work more than 75 hours per week every week of the year.
Sources: Sioux Falls Housing & Redevelopment Commission, South Dakota Multi-Housing Association