Sioux Falls Homes under $200,000

Welcome to Sioux Falls, South Dakota, a vibrant city nestled in the heart of Minnehaha County. Known for its stunning natural beauty, Sioux Falls is home to the breathtaking Falls Park, where the Big Sioux River cascades over granite cliffs, creating a picturesque backdrop for outdoor enthusiasts and families alike. With a rich history, a thriving arts scene, and a strong sense of community, Sioux Falls has something for everyone.

For those seeking affordable housing options, Sioux Falls offers a variety of homes under $200,000, making it an ideal destination for first-time buyers, young families, or anyone looking to invest in a growing market. These homes provide an excellent opportunity to experience the charm of Sioux Falls without breaking the bank. From cozy single-family residences to townhomes, each property offers unique features and the potential for personalization, allowing you to create your dream space.

The city boasts an impressive array of amenities, including top-rated schools, diverse dining options, and an active lifestyle with parks, trails, and recreational facilities. The local economy is robust, with job opportunities in healthcare, education, and technology sectors, ensuring a stable environment for homeowners.

Sioux Falls is not just a place to live; it’s a place to thrive. With its welcoming atmosphere, affordable housing options, and community spirit, you’ll find that this charming city is the perfect backdrop for your next chapter. Explore the homes available under $200,000 and discover the possibilities that await you in Sioux Falls!

Newest Sioux Falls Homes under $200,000

Courtesy of Barb Fossum from Hegg, REALTORS. OFFICE: 605-336-2100

$179,900

2 Beds ⋅ 1 Baths ⋅ 22607936 MLS

Welcome to effortless, low-maintenance living in this stunning ground-level, slab-on-grade West Side condo! Perfectly situated with quick access to Sertoma Avenue and 57th Street, this move-in-ready home offers the ideal mix of a peaceful retreat and unbeatable everyday convenience. Key Features You’ll Love: • Sunlit Open Floor Plan: Perfect for seamless daily flow and easy entertaining. • Fresh Updates: Brand-new carpet in the living room and gorgeous new quartz countertops in the kitchen. • Premium Kitchen Storage: Packed with abundant cabinetry and a dedicated pantry featuring rollout drawers. • Outdoor Oasis: Step out from your living room to a private covered patio overlooking expansive, serene green space. • Spacious Main Suite: Generously sized bedroom complete with a large walk-in closet. • Ultimate Convenience: In-unit laundry (washer/dryer included) and a direct-access garage with extra storage space just steps from your door. Worry-Free Living: The affordable HOA fully covers lawn care, snow removal, garbage, water/sewer, and exterior maintenance. Plus, buy with ultimate confidence knowing the building received a brand-new roof in 2021. Whether you are looking to downsize, buy your first home, or secure a perfect lock-and-leave lifestyle, this West Side gem delivers it all. Schedule your tour today!

7109 W 56th St Unit 27, Sioux Falls

Courtesy of Heather Olson from Hegg, REALTORS. OFFICE: 605-336-2100

$184,900

2 Beds ⋅ 1 Baths ⋅ 22607919 MLS

Corner lot with hard to find 2 stall garage and a spacious fenced yard with privacy hedge! Practical 2 bedroom slab on grade Ranch in convenient area close to downtown & access to interstate! Living Room with accent wall. Convenient mudroom / dropzone area for kids and storage. Washer & Dryer included along with Radon Mitigation System. Great smaller home, starter home or investment opportunity!

201 N Chicago Ave, Sioux Falls

Courtesy of Tonya Madsen from 605 Real Estate LLC.

$185,900

3 Beds ⋅ 2 Baths ⋅ 22607852 MLS

Located in the heart of central Sioux Falls, this 1.5-story home offers convenient access to downtown shopping, dining, and entertainment. Whether you're looking for your first home or an investment opportunity, this property has plenty to offer. The main level features a spacious living room that flows into a formal dining area, complete with original hardwood floors that add character throughout. Upstairs, you'll find three bedrooms and a full bathroom. The unfinished lower level provides laundry space, additional storage rooms, and room for future possibilities. Room to add a garage. A great opportunity to own a home in an established neighborhood close to everything downtown Sioux Falls has to offer!

810 S Main Ave, Sioux Falls

Courtesy of David Maske from Hegg, REALTORS. OFFICE: 605-336-2100

$170,000

4 Beds ⋅ 1 Baths ⋅ 22607843 MLS

Welcome to this nicely updated 1.5-story home offering 4 bedrooms, 1 bathroom, and a convenient central Sioux Falls location. Located near Augustana University, the University of Sioux Falls, Sanford Hospital, Avera McKennan Hospital, This home is a great opportunity to make homeownership a reality. Come see the possibilities for yourself!

1902 S Spring Ave, Sioux Falls

1811 S Sertoma Ave Unit 106, Sioux Falls

Courtesy of Kate Patrick from Hegg, REALTORS. OFFICE: 605-336-2100

$185,000

2 Beds ⋅ 2 Baths ⋅ 22607824 MLS

Offering $5000 allowance with acceptable offer! Enjoy easy, low-maintenance living in this 2-bedroom, 1.5-bath end-unit condo! Step inside to a spacious main level featuring a functional kitchen with stainless steel appliances, peninsula seating, pantry storage, and a generous dining area perfect for everyday living or entertaining. The inviting living room offers a cozy gas fireplace and patio doors leading to an outdoor space with peaceful green views. Upstairs, you'll find two nice sized bedrooms, a full bath, and a convenient laundry room all on the same level. The washer and dryer are included. A detached garage provides additional storage and convenience, while the HOA takes care of lawn care, snow removal, water, sewer, and exterior maintenance. Residents also enjoy access to fantastic amenities including an indoor pool, fitness room, clubhouse, and gathering space. Whether you're a first-time buyer, downsizing, or simply looking for a carefree lifestyle, this condo offers comfort, convenience, and exceptional value.

1811 S Sertoma Ave Unit 106, Sioux Falls

Courtesy of Jeremy Simon from Keller Williams Realty Sioux Falls.

$150,000

22607797 MLS

Investment opportunity near downtown Sioux Falls! This triplex features one 2-bedroom, 1-bath unit, along with two 1-bedroom, 1-bath units. Located just blocks from downtown, tenants can enjoy convenient access to shopping, dining, entertainment, and major employers. While the building could benefit from repairs and updates, it presents an excellent value-add opportunity. Whether you're looking to expand your rental portfolio or purchase your first multi-family property, this triplex offers income potential in a convenient location.

624 W 11th St, Sioux Falls

Courtesy of Jackson Dorhout from Alpine Residential.

$150,000

22607648 MLS

Cash flowing investment property located next to the heart of downtown. Opportunity to add income with a utility reimbursement fee or Ratio Utility Billing System.

415 W 11th St, Sioux Falls

Courtesy of Aaron Rietsema from Alpine Residential.

$139,900

1 Beds ⋅ 1 Baths ⋅ 22607626 MLS

Looking for an affordable, easy-to-maintain home? This charming 1-bedroom, 1-bath ranch offers comfortable one-level living with everything you need! The functional layout includes a welcoming living room, kitchen with dining area, spacious bedroom, and full bathroom. A convenient 1-stall garage provides covered parking and additional storage. Whether you're a first-time buyer, looking to downsize, or searching for a great investment opportunity, this home is worth a look. Don’t miss your chance—schedule your showing today and see all this home has to offer!

1728 W 11th St, Sioux Falls

Courtesy of Chris Greve from Hegg, REALTORS. OFFICE: 605-336-2100

$180,000

3 Beds ⋅ 1 Baths ⋅ 22607582 MLS

Check out this 3-bedroom, 1-bath home in a convenient location near interstate access and downtown! Hardwood floors run throughout the main level, and the interior and exterior have been freshly painted. The refreshed kitchen features new countertops, new sink and faucet, and updated light fixtures. The bathroom has also been updated, making this home move-in ready. The basement offers plenty of potential for additional finished living space, or storage. Outside, the nicely sized lot provides room to enjoy and the potential to add a garage. Whether you're a first-time buyer or looking for your next investment, this inviting home is a wonderful opportunity to build equity. Some Photos have been virtually staged.

405 S Omaha Ave, Sioux Falls

Courtesy of Melanie Schreiber from Amy Stockberger Real Estate.

$145,000

2 Beds ⋅ 1 Baths ⋅ 22607499 MLS

Enjoy easy, low-maintenance living in this main-level, end-unit condo featuring two bedrooms and desirable south-facing windows that fill the home with natural light. With no steps and an attached 12' x 23' garage with opener, everyday living is convenient and accessible. The HOA fee covers garbage service, snow removal, exterior building maintenance, water and sewer, lawn care, and road maintenance, leaving you more time to enjoy your home without the upkeep. A great option for those seeking comfort, convenience, and simplified living!

7111 56th St Unit 39, Sioux Falls

Courtesy of Justin Garry from Hegg, REALTORS. OFFICE: 605-336-2100

$177,900

2 Beds ⋅ 1 Baths ⋅ 22607448 MLS

Check out this cozy 2 bed, 1 bath home with detached garage just a few short blocks from Sanford, Augustana, and USF. Private back yard and a large city park just across the street! Come take a look-see! Listing agent is member of ownership company.

1512 W 28th St, Sioux Falls

Courtesy of Shelley Glaser from 605 Real Estate LLC.

$89,000

4 Beds ⋅ 2 Baths ⋅ 22607297 MLS

Move right in to this beautifully renovated 4-bedroom, 2-bath home offering nearly 1,800 sq. ft. of comfortable living space! Step inside to discover an open floor plan with vaulted ceilings that create a spacious and inviting atmosphere. The large dining room is perfect for family gatherings and entertaining, while the bright kitchen features two sinks, new appliances including a gas range, and plenty of counter and cabinet space. The primary suite includes a private master bath for your own retreat. Enjoy the convenience of a fenced-in yard—ideal for pets or outdoor fun—and a concrete slab ready for parking or even a future garage. With updates throughout and room for everyone, this home combines style, function, and value in one great package!

604 N Swan Pl, Sioux Falls

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. © 2026 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.

Sioux Falls Homes under $200,000

Newest Sioux Falls Homes under $200,000

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