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Minnehaha County, SD

RANK #497 / 996  ·  POP 197,742  ·  SD

PROJECTED GROWTH: +0.7%

Minnehaha County sits in the middle of the pack — stable but not accelerating.

[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.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+3.8%

Above national median

Home Prices
+1.0%

Below national median

Climate & Terrain
-2.6

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Minnehaha County U.S. National

The Numbers

DEMOGRAPHICS
Population
197,742
+1.47% YoY
Median Household Income
$73,110
Median Home Value
$246,200
+1.01% 12mo
Median Rent
$927
Average Annual Pay
$65,100
+3.8% YoY
Employment
138,556
+2.2% YoY
Income-to-Home-Value
0.297
More affordable than average
Migration Inflow
3.81%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$335,000
Days on Market
70
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
11.6%
Listings w/ Price Drops
14.1%
Building Permits (2024)
2,421
Single-Family Permits
1,015

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

[05] 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.

[06] Score Breakdown

GDP Growth +3.8% 69 percentile
Population Growth +1.5% 82 percentile
Income Growth +9.9% 79 percentile
Vacancy Rate 1.4% 28 percentile
Home Price Change +1.0% 45 percentile
Rent Growth +1.7% 30 percentile
Price/Rent 16x 27 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Minnehaha County has a Boom Town Index score of 50/100, ranking #497 among 996 U.S. counties. With job growth at +2.2% and a median household income of $73,110, it's an above-average county on economic indicators.

Is Minnehaha County affordable?

The median home value in Minnehaha County is $246,200 with median rent at $927/month. The income-to-home-value ratio is 0.297, which is more affordable than the national average.

Is Minnehaha County growing or shrinking?

Population growth: +1.5% year-over-year. Job growth: +2.2%. Home values changed +1.0% in the past 12 months.

Are people moving to Minnehaha County?

Yes — 3.81% of Minnehaha County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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