Rent in South Dakota Saw a Double-Digit Increase Last Year

Affordable housing is a constant issue in South Dakota, especially in and around Sioux Falls. The southeastern part of the state is attracting thousands of people a year.

For those new arrivals and established locals alike, the price to not live in your car is exploding.

According to research by Rent.com, the average rent in South Dakota has increased by nearly 18 percent in 2022 (Year-over-Year December '21 to '22). That's the third-highest increase in the United States.

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South Dakota's southern neighbor, Nebraska saw the eighth biggest jump in rent over the last year, 12.6 percent.

December 2022's average monthly rent in South Dakota was $1184. The average for the whole country is $1,978.

Across the border in Minnesota, average rent has dropped 0.3% over the last year. Prices in the Twin Cities metro saw a drop of 8.6 percent.

The 10 states with the biggest rent increase year-over-year (December '21 vs'22):

Florida (+23.9 percent)
New York (+20.1 percent)
South Dakota (+17.9 percent)
Arkansas (+17.5 percent)
Delaware (+14.5 percent)
Tennessee (+14.2 percent)
Mississippi (+13.2 percent)
Nebraska (+12.6 percent)
North Carolina (+12.2 percent)
Utah (+12.1 percent)

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There are some positives in this report. Overall rent prices in the US are declining. Whether Sioux Falls will be a part of this trend is yet to be seen.

Rent.com says it is a service that simplifies, "[T]he experience of connecting people & properties."

This is how they describe their methodology for this study, "We analyzed rental property prices in December 2022, the last full month of data, from Rent.'s available inventory to identify our median rent prices at the national, state and metro levels. Our analysis combines inventory and bedroom types into one simple median that covers all available rental units at the time."

10 Most Dangerous Cities in South Dakota

Cities on the east and west side of the Missouri River have made the latest list of South Dakota's Most Dangerous Cities for 2021.

Roadsnacks recently released its most 'Dangerous Cities' list and here in The Mount Rushmore state there are a few surprises, especially at the top. To determine the most dangerous cities in the state, Roadsnacks looked at the FBI's report on the latest violent crime, along with property crime statistics.

And surprisingly, the town with the most murders per capita in the state has less than 3,000 residents. Take a look at the list below.

For a look at the detailed list, visit roadsnacks.com Story Source: Roadsncaks

The 6 Types of South Dakota Drivers You Deal With Every Winter

Every year it snows in Sioux Falls. We may live in denial during the spring and summer, but it happens.

When the snow falls on the Falls, life in the city does not stop. We all still have to go to work, school, and the liquor store...um I mean go get snacks.

When you tackle the snowy routes around town you tend to run across six types of drivers in the snow.

10 Reasons NOT To Move To Sioux Falls ;)

Sioux Falls is a special place. There is really no place else in the world quite like it. It is a unique spot of shining joy on the edge of the plains. But, if someone is planning to move here, there are a few things to know...

Source: Rent in South Dakota Saw a Double-Digit Increase Last Year

Filed Under: Sioux Falls, South Dakota, Sioux Falls News

Categories: News, Sioux Falls