Home Values in Sioux City, Iowa — 2026 Market Report
Updated March 2026 | Balanced Market | +2.1% YoY
The median home value in Sioux City, Iowa is $155,000 as of March 2026, which is below the national median of $400,000. Home values in Sioux City have increased by 2.1% over the past year and 11% over the last five years. With a population of 85,797 and a median household income of $48,250, the price-to-income ratio stands at 3.2x, making Sioux City affordable for the average household.
Sioux City Housing Market Conditions
| Metric | Sioux City | National Avg |
|---|---|---|
| Median Home Value | $155,000 | $400,000 |
| YoY Appreciation | +2.1% | +3.8% |
| 5-Year Appreciation | +11% | +22.4% |
| Price per Sq Ft | $49 | $222 |
| Days on Market | 63 days | 45 days |
| Months of Supply | 3.2 | 3.5 |
| List-to-Sale Ratio | 98.9% | 98.5% |
| Monthly Homes Sold | 54 | — |
| Foreclosure Rate | 0.39% | 0.3% |
Home Value Trends in Sioux City
A homeowner who purchased at the median price of $139,640 five years ago in Sioux City would have gained approximately $15,360 in equity, representing a 11% return on investment. Over the past year alone, the typical homeowner gained $3,188 in home equity.
Affordability in Sioux City, IA
With a median household income of $48,250 and a median home price of $155,000, the price-to-income ratio in Sioux City is 3.2x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $789 compared to estimated monthly ownership costs of $940 gives a rent-vs-buy ratio of 1.19. In Sioux City, renting may be more cost-effective in the short term, though homeownership builds long-term wealth.
Property Taxes in Sioux City
The effective property tax rate in Iowa is 1.57%. On a home valued at $155,000, the estimated annual property tax bill is $2,434, or approximately $203/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Sioux City is 82.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Sioux City, IA?
The median home value in Sioux City, Iowa is $155,000 as of March 2026. Home values have changed +2.1% over the past year, with a 5-year appreciation of 11%.
Is Sioux City a buyer's or seller's market?
Sioux City is currently a balanced market with 3.2 months of housing supply. Homes spend an average of 63 days on market, and the list-to-sale price ratio is 98.9%. Supply and demand are relatively balanced.
Are home values going up in Sioux City?
Yes, home values in Sioux City have increased by 2.1% over the past year. The 5-year appreciation rate is 11%, meaning a home worth $139,640 five years ago is now worth $155,000.
Is it better to rent or buy in Sioux City?
The average monthly rent in Sioux City is $789, while estimated monthly homeownership costs are approximately $940. The price-to-rent ratio is 16.4. Current conditions suggest renting may be more affordable in the short term, though homeownership builds equity over time.
Home Values in Other Iowa Cities
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Disclaimer: Home value data for Sioux City, Iowa is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.