Forgivable loan
Down payment assistance · Minnehaha County
Buying a home in Sioux Falls, SD
1 Sioux Falls program and 8 statewide.Sioux Falls has 1 program of its own, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Sioux Falls addresses
Sioux Falls’s own program
The Sioux Falls marketThe Sioux Falls housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Sioux Falls
- 52.1% single-familysingle-family
- 8.5% townhousetownhouse
- 5.9% 2–4 units2–4 units
- 30% 5+ unitscondo & apartment buildings (5+ units)
- 3.5% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Sioux Falls’s homes were built
pre-19401970s2020+
35.3%
of Sioux Falls homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$118,700
County area median income, 4 people (HUD)HUD area median income, Minnehaha County, 4-person household (2026)
$75,970
Sioux Falls median household incomeMedian household income in Sioux Falls (Census, 2024)
11 of the 71 programs here set their income limit as a share of Minnehaha County’s area median income, adjusted for household size. See the published limits for Minnehaha County
Free help nearbyFree help near Sioux Falls
2 HUD-approved counseling agencies within 15 miles2 HUD-approved housing counseling agencies within 15 miles
Create a free account to see who’s near you and pick one.A HUD-approved counselor teaches homebuyer classes and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across South Dakota and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
Sioux Falls questions
Does Sioux Falls have its own down payment program?
Yes, one: Public Safety Down Payment Assistance Program, a forgivable loan (forgiven over 5 yrs). It is for homes inside Sioux Falls.
Can I use assistance on a condo in Sioux Falls?
Each program sets which kinds of homes it accepts. Where the agency publishes them, the program’s page lists them; the agency confirms it for the home you choose.
What is the income limit in Minnehaha County?
Each program sets its own. 11 of the programs here set theirs as a share of HUD’s area median income for Minnehaha County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Sioux Falls?
HUD-approved housing counseling agencies teach homebuyer classes, and 2 agencies are within 15 miles of Sioux Falls. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
57101 · 57103 · 57104 · 57105 · 57106 · 57107 · 57108 · 57109 · 57110 · 57117 · 57118 · 57186 · 57188 · 57189 · 57192 · 57193 · 57194 · 57195 · 57196 · 57197 · 57198
Nearby in Minnehaha
Sources
Sources: agency sites (July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.