Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 85,497, 32,449 total housing units (homes and apartments), and a median house value of $201,518, house prices in Sioux City are solidly below the national average.
Single-family detached homes are the single most common housing type in Sioux City, accounting for 70.99% of the city's housing units. Other types of housing that are prevalent in Sioux City include large apartment complexes or high rise apartments ( 15.35%), duplexes, homes converted to apartments or other small apartment buildings ( 7.13%), and a few mobile homes or trailers ( 3.80%).
The most prevalent building size and type in Sioux City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.37% owning and 36.63% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sioux City's housing was primarily built during this period, from the '40s through the '60s. A full 36.69% of the city's housing hails from this era. Other housing ages represented in Sioux City include homes built before 1939 ( 31.70%) and housing constructed between 1970-1999 ( 24.50%). There's also some housing in Sioux City built between 2000 and later ( 7.11%).
Real estate appreciation rates in Sioux City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.29% during the period.
Over the last year, Sioux City appreciation rates have trailed the rest of the nation. In the last twelve months, Sioux City's appreciation rate has been 3.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sioux City were at -1.01%, which equates to an annual appreciation rate of -3.99%.
Notably, Sioux City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Iowa, our data show that Sioux City's latest annual appreciation rate is lower than 80% of the other cities and towns in Iowa.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sioux City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sioux City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sioux City real estate investment or home purchase decisions.
$201,518
for Iowa
for nation
32,449
$1,392 / per month