Sioux City, IA—51106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sioux City, IA
As of Oct '25, the median home price in Sioux City, IA is $215,000, with a year-over-year change of 2.1%. This indicates that home prices in Sioux City, IA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | 2.1% |
| Single Family | $216,000 | 2.4% |
| Condos | $200,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $119,000 | 0.8% |
2 Bed | $172,000 | 3.0% |
3 Bed | $226,000 | 2.3% |
4 Bed | $264,000 | 3.5% |
| 5 Bed | $451,000 | 3.2% |
% of Housing Stock
Rental Trends — Sioux City, IA
As of July '25, Rentcast reports the average rent in Sioux City, IA is $1,150, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Sioux City, IA is studios: $695, 1-bedrooms: $829, 2-bedrooms: $1,120, 3-bedrooms: $1,260, 4-bedrooms: $1,850. The most common rental property sizes in Sioux City, IA are 2-bedroom and 3-bedroom, accounting for 42.1% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,150 |
| Studio Rent | $695 | $695 |
| 1 Bed Rent | $800 | $829 |
| 2 Bed Rent | $1,060 | $1,120 |
| 3 Bed Rent | $1,180 | $1,260 |
| 4 Bed Rent | $1,850 | $1,850 |
% of Rental Stock
Property Listings — Sioux City, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sioux City, IA is 40. This is a decrease of -33.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $228,000 | -7.0% |
Listing Count | 70 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 40 | -33.0% |
Demographics — Sioux City, IA
As of the latest ACS Survey released in 2023, Sioux City, IA has a population of 28,400, which has increased by 6.3% over the past 5 years. Sioux City, IA is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,400 | 6.3% |
% Under 18 | 23.9% | 7.7% |
% Seniors | 16.2% | 1.2% |
% WFH | 5.2% | -7.1% |
% w/ College Degree | 27.5% | -5.8% |
As of the latest ACS Survey released in 2023, Sioux City, IA is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Sioux City, IA is hispanic, making up 10.0% of the population. Foreign-born residents account for 5.0% of the population in Sioux City, IA, and this percentage has increased by 22.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.7% | -10.5% |
% Black | 5.9% | 293.3% |
% Hispanic | 10.0% | 26.6% |
% Asian | 1.0% | -28.6% |
% Foreign Born | 5.0% | 22.0% |
Mortgage and Risk — Sioux City, IA
According to HUD data as of 2023, there were 564 mortgage originations in Sioux City, IA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Sioux City, IA. Investor activity is low, as 11.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 564 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Sioux City, IA
As of 2024, the percent of homes in Sioux City, IA under the Section 8 program is 15.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Sioux City, IA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 565 |
Total Units Section 8 | 500 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $800 | $850 |
| 2 Bedroom | $20 | $1,060 | $1,080 |
| 3 Bedroom | $120 | $1,180 | $1,300 |
| 4 Bedroom | -$420 | $1,850 | $1,430 |
Affordability — Sioux City, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $215,000 |
| Median Household Income | $74,500 |