Sioux City, Iowa Housing Market Prices
Sioux City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 39% below the Iowa median$94,312
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Median rent 1% above the Iowa median$985
Housing Market Overview
| Metric | Sioux City | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,312 | $153,425 | $248,835 |
| Price Trend (Annual %) | 3.5% | 7.5% | 7.5% |
| Median Gross Rent | $985 | $971 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sioux City is about 39% lower than in Iowa. Rent is about 1% higher than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sioux City, up about 3.5% and 4.5% a year respectively. Rent is changing faster.
Median rent in Sioux City rose about 44.1% between 2015 and 2024, from $684 to $985. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Sioux City.
Buying the median-priced home in Sioux City costs roughly 8.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sioux City. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Sioux City | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,312 | $153,425 | $248,835 |
| Median Household Income | $68,695 | $75,133 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sioux City rose about 30.9%, while median household income rose about 48.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sioux City | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.4% | 65.6% | 58.5% |
| Rental Rate | 32.8% | 25.9% | 31.2% |
| Vacancy Rate | 5.9% | 8.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Sioux City has a homeownership rate of 61.4%, lower than the Iowa average of 65.6%. Its housing vacancy rate is 5.9%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Sioux City | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1958 | 1971 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Sioux City was built around 1958. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sioux City, Iowa.
What is the median home price in Sioux City, Iowa?
The median home price in Sioux City, Iowa is $94,312, lower than the Iowa average of $153,425.
What is the average home price in Sioux City, Iowa?
The typical home price in Sioux City, Iowa, reported as the median sale price, is $94,312. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sioux City, Iowa?
The median gross rent in Sioux City, Iowa is $985 per month, higher than the Iowa average of $971.
What was the median gross rent in Sioux City in 2020?
In 2020, the median gross rent in Sioux City, Iowa was $805 per month.
What is the price-to-rent ratio in Sioux City, Iowa?
The price-to-rent ratio in Sioux City, Iowa is about 8.0, meaning it would take roughly 8.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sioux City.
Are home prices or rent rising faster in Sioux City, Iowa?
Both home prices and rent are rising in Sioux City, up about 3.5% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Sioux City, Iowa?
61.4% of households in Sioux City, Iowa own their home, lower than the Iowa average of 65.6%.
What is the vacancy rate in Sioux City, Iowa?
The housing vacancy rate in Sioux City, Iowa is 5.9%, lower than the Iowa average of 8.5%.
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