Sioux Falls, South Dakota Short Term Rental Regulations
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Reviewed by Derick Hargrave
Last updated September 03, 2023
Sioux Falls Short-Term Rental Regulations
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Short Term City Rating6.7
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Competition
8.1 -
Real Estate Cost
8.6 -
STR Regulations
N/A -
Seasonality
7.4 -
Rental Rates
2.7
Sioux Falls, South Dakota Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 202,078
- STR License Required
- No
- Tourist Season
- June to September
- County
- Minnehaha
- Airports
- Sioux Falls Regional Airport (FSD)
- Sioux Gateway Airport (SUX)
Want to learn more about Sioux Falls?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Sioux Falls rental analytics guide if you're interested in data on the Sioux Falls rental market.
Review the popular activities that hosts include in their property positing in Sioux Falls.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Sioux Falls guests.
Interested in other South Dakota cities?
Check out the South Dakota short term rental regulations directory
What makes Sioux Falls a great place to invest?
- Growing Tourist Attractions: Sioux Falls is home to the famous Falls Park, a 123-acre park centered around the city's namesake waterfalls, attracting over 700,000 visitors annually. Additionally, the city hosts several events and festivals throughout the year, such as the Sioux Falls JazzFest and SculptureWalk, drawing visitors from all over the region.
- Expanding Medical Sector: The city is a regional healthcare hub with major medical facilities like Sanford Health and Avera Health. These institutions not only serve the local population but also attract patients and medical professionals from surrounding areas, creating a steady demand for short-term accommodations.
- Educational Institutions: Sioux Falls is home to several colleges and universities, including Augustana University and the University of Sioux Falls. The influx of students, parents, and visiting faculty during the academic year and for special events contributes to a consistent demand for short-term rentals.
- Professional Sports Teams: The city hosts several professional sports teams, including the Sioux Falls Canaries (baseball) and the Sioux Falls Storm (indoor football). These events attract fans and teams from other cities, creating a need for short-term accommodations.
- Natural Beauty and Outdoor Activities: Sioux Falls is surrounded by natural beauty, with the Big Sioux River providing opportunities for kayaking, fishing, and hiking. The city also has an extensive park system, with over 80 parks, and is a gateway to nearby natural attractions like the Palisades State Park and the Big Sioux Recreation Area.
Sioux Falls Nearby Cities
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163 miles away
- Rating: 6.0
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188 miles away
- Rating: 6.0
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Local Real Estate
How expensive is the real estate in Sioux Falls?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Sioux Falls has increased 2% over the past year, and the average price per square foot is $169, which is lower than the national average.
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Median Sale Price
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$267,492
2% YoY
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Median per Square Foot
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$169
3% YoY
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Average Monthly Rent
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$1,146
6% YoY
The most common terms hosts include in their listings for Sioux Falls, South Dakota
Common terms for Sioux Falls short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Sioux Falls has a description approximately 1,168 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 500 listings in Sioux Falls, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Sioux Falls, Comfortable, Place, Garage, Patio, Family, Perfect, Downtown, Lower level, and Stocked.
What are the most popular tourist activities in Sioux Falls?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Sioux Falls involve going to the Zoo, Museums, Water Parks, Adventure Activities, and Swimming. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Zoo
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Museums
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Water Parks
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Adventure Activities
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Swimming
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Snow Skiing
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Hiking
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Cycling
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Health Spa
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Casinos
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Antiquing
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Snowboarding
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Sioux Falls, including Denny Sanford Premier Center, Falls Park, Empire Mall, Sanford USD Medical Center, and Sanford Pentagon. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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Augustana College
Included on most listings
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Local Landmark
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Sherman Park
Included on 91% of listings
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Well Known Attraction
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Falls Park
Included on 91% of listings
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Regional Landmark
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Sioux Falls Convention Center
Included on 91% of listings
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Regional Landmark
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Sioux Empire Fairgrounds
Included on 91% of listings
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Regional Landmark
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Empire Mall
Included on 90% of listings
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Regional Landmark
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Great Plains Zoo
Included on 90% of listings
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Regional Landmark
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Avera Hospital
Included on 90% of listings
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Well Known Attraction
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Denny Sanford Premier Center
Included on 89% of listings
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Regional Landmark
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Sanford USD Medical Center
Included on 89% of listings
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Regional Landmark
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Sioux Falls Arena
Included on 89% of listings
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Regional Landmark
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Sanford Pentagon
Included on 87% of listings
What’s the weather like in Sioux Falls, South Dakota?
The weather is generally milder than the national average, with an average high temperature of around 57°, while the average low is about 38°. It has normal rainfall, averaging about 20 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 14 inches per year. The humidity levels in Sioux Falls are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
13° Low 30° High
Spring
March through May
38° Low 59° High
Summer
June through August
61° Low 82° High
Fall
September through November
39° Low 59° High
Cities Near Sioux Falls
Sioux Falls, South Dakota, is located in Minnehaha County. Some cities that are located nearby include:
