Author Amy Stockberger | Founder, Amy Stockberger Real Estate | Creator, Lifetime Home Support™ Academy| Partner, ProInsight – helping agents scale with Relational Tech™ | Ranked the #1 Real Estate Team in South Dakota since 2017 and #33 in the Nation by Real Trends
If you hit pause on your home search because of rising interest rates or prices, this might be the moment to take another look at your numbers. Affordability is improving in 39 of the top 50 U.S. markets, according to First American — and Sioux Falls, SD homebuyers are starting to feel the difference. With monthly payments dropping by an average of $280 nationally, this small shift could open the door to your next move.
Why This Matters in Sioux Falls, SD
Across Sioux Falls neighborhoods like Prairie Hills, Nine Mile Lake, and Jefferson Heights, buyers who stepped back earlier this year are seeing more breathing room in their budgets. The latest Redfin data shows mortgage payments on a median-priced home are now $283 lower than just a few months ago — that’s nearly $3,400 in annual savings.
A buyer with a $3,000 monthly budget can now afford a home around $468,000 — roughly $22,000 more than in June. That extra buying power can mean the difference between “almost perfect” and “this is the one.”
Understanding the Shift
Two key factors are driving the affordability boost for Sioux Falls buyers:
1️⃣ Mortgage rates have eased from their high earlier this year.
2️⃣ Home price growth is cooling in many Sioux Falls submarkets.
According to Andy Walden of ICE Mortgage Technology, “The recent pullback in rates has created a tailwind for both homebuyers and existing borrowers. We’re seeing affordability at a 2.5-year high.”
These trends mean more people can get back in the market — especially first-time buyers and move-up buyers who were previously priced out.
How Amy Stockberger Real Estate Can Help
At Amy Stockberger Real Estate, we specialize in turning market shifts into opportunities. Through our exclusive Lifetime Home Support™ system, you’ll get guidance not just during the purchase process — but for life. Our team uses data-driven local insights to help you understand how much more buying power you have today versus just a few months ago.
💡 Tap into our Home Support Team Partners — from lenders and inspectors to design and renovation pros — to maximize your investment and keep your home running smoothly for years.
Ready to Take the Next Step?
Affordability is improving — and that resets the math on your move. Whether you’re buying your first home or moving up to your next one, our team can help you run the numbers and see how much further your budget can go today.
Let’s talk about your next move — before, during, and forever.
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