Sioux City, IA Housing Market
AI-powered market intelligence for the Sioux City, IA-NE-SD metro area.
PropertyIQ Scores
Sioux City, IA Market Analysis
Market Overview
Sioux City’s PropertyIQ Score of 60 out of 100 places the metro in a moderate market position. The score is shaped by mixed momentum signals: a solid 12-month home value momentum reading of 7.33% but a slightly negative 3-month reading of -0.91%. Listings are moving at a median of 51 days on market, and 19.4% of listings have had a price cut, which points to a market where buyers have some leverage and sellers need to price carefully.
Compared with state averages, Sioux City’s median home value of $226,131 sits below the state average of $239,547, while the rent index of $1,317 is well above the state average of $972. Unemployment is 3.1%, essentially in line with the state average of 3.2%, and the median household income of $75,192 is nearly identical to the state average of $75,059. These comparisons suggest a market that is more affordable on the for-sale side but relatively expensive on the rental side.
The overall picture is one of moderate demand and balanced-to-softening conditions. The positive annual momentum and low unemployment support underlying stability, but the recent 3-month decline and elevated price-cut share indicate that the market has cooled from a stronger pace. Population growth data is not available, so demographic-driven demand cannot be evaluated from the provided metrics.
Key Trends
Price momentum is positive over 12 months but softening recently. The 12-month home value momentum of 7.33% is a key score driver, yet the 3-month momentum is -0.91%, and the median home value year-over-year change is -$6. This combination suggests that earlier price gains have flattened or pulled back slightly in the most recent period.
The pace of sales is moderate and price cuts are common. The median days on market is 51 days, and 19.4% of listings have had a price cut. Around one in five listings has reduced its price. This does not indicate a deeply distressed market, but it does show that sellers may need to adjust expectations to attract offers. With 319 homes for sale, inventory is a factor, but without historical or state benchmark data, the supply level cannot be classified as tight or bloated.
Rental market signals look stronger than home value levels. The rent index of $1,317 is much higher than the state average of $972, while the median home value in Sioux City is below the state average. This combination suggests relatively strong rent potential compared with purchase prices, though the data does not include vacancy or rent growth metrics to confirm the trend.
Affordability remains generally favorable for local households. The median household income of $75,192 is nearly the same as the state average of $75,059, while the median home value is lower than the state average. The median home value is roughly three times the median household income, which is generally manageable for many buyers.
Who Is This Market For
This market may suit first-time buyers because the median home value of $226,131 is below the state average, while the median household income is on par with the state average. With price cuts on 19.4% of listings and a median of 51 days on market, buyers can be selective and may have room to negotiate.
Investors seeking rental income may find the rent index compelling. At $1,317, the rent index is well above the state average of $972, while home values remain below the state average. This could support rental yields, but investors should account for the recent 3-month home value momentum of -0.91% and the elevated share of price cuts, which suggest near-term price appreciation may be limited.
Move-up buyers may face a trade-off. They can buy at below-state-average prices, but selling an existing home may require competitive pricing given the price-cut activity and moderate days on market. Overall, the market is better suited to buyers and long-term rental investors than to sellers expecting rapid appreciation.
Outlook
The data supports a cautious, moderate outlook. The positive 12-month home value momentum of 7.33% remains a source of strength, and unemployment at 3.1% is slightly better than the state average. But the negative 3-month momentum of -0.91%, the -$6 year-over-year median home value change, and the 19.4% price-cut share all point to near-term softness. With median days on market at 51 and 319 homes for sale, conditions appear more balanced than overheated. If the recent price cooling continues, the market may stay flat or edge slightly lower in the short term. If annual momentum and low unemployment hold, it could stabilize. Population growth is not available, so the outlook relies primarily on price, inventory, and labor market data rather than demographic expansion.
AI-generated analysis based on current market data. Last updated September 30, 2026.
Get Sioux City, IA market updates
Choose your role for tailored insights.
Sioux City, IA market data
Sioux City, IA Housing Market Overview
Sioux City, IA's median home value is $226K, up 7.3% over the past year. Homes here sell in a median 51 days. Its PropertyIQ Score of 60 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Understanding the Sioux City, IA housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this IA metro is set to perform relative to the rest of its state.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Sioux City, IA's PropertyIQ Score of 60 ranks among the Midwest's stronger demand signals.
For the Sioux City, IA market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 7.3% over the past year.
View Sioux City, IA's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Sioux City, IA metro area
ZIP codes in the Sioux City, IA metro area
View all 33 →Top markets in IA
Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Sioux City, IA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Sioux City, IA currently scores 60, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $226K, up 7.3% over the past year. So whether Sioux City, IA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Sioux City, IA?
Sioux City, IA's PropertyIQ Score is 60, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 60 places Sioux City, IA above its state benchmark.
Are home prices in Sioux City, IA rising or falling?
Home prices in Sioux City, IA are rising. Over the past year, the median home value increased 7.3%, reaching $226K. Over the latest three months, values slipped 0.9%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Sioux City, IA's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Sioux City, IA?
In Sioux City, IA, homes sell in a median of 51 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 19% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Sioux City, IA market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.