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Terrace Park

Terrace Park

$238,459 Average Value
$453 Average Price per Sq Ft
1 Home For Sale

Single-family homes surround one of Sioux Falls's most popular parks

Each summer, people from all over Sioux Falls head to Terrace Park to cool off in its outdoor pool. Their kids play games at its baseball fields, parents pack picnics to enjoy in its Japanese gardens and they feed ducks on the shore of Covell Lake. Scenic evenings are spent paddling its waters, painted pink by the setting sun's reflection. "Historically, Terrace Park is one of our pioneer parks, if you would," says Assistant Director of Sioux Falls Parks and Recreation Brett Kollars. "It's home to Covell Lake, which provides urban fishing, and is neighbored by athletic facilities like a ballpark for youth play. It has Japanese gardens within the park and one of our city's more popular pools." The park's surrounding single-family homes make up the Terrace Park neighborhood, a residential oasis a mile and a half northwest of downtown Sioux Falls. Downtown workers move here to settle into comfortable homes with their families while living only a short walk from one of the city's most beautiful parks.
Terrace Park and its cozy homes come together to create a welcoming community.
Terrace Park and its cozy homes come together to create a welcoming community.
Visitors to Terrace Park can play baseball or a game of three-on-three.
Visitors to Terrace Park can play baseball or a game of three-on-three.
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Early 20th-century and midcentury single-family homes

Terrace Park has a rich variety of single-family homes, from early 20th-century options like Tudors and American Foursquares to midcentury ranch-style and split-level homes. Tall trees tend to shade front lawns in this neighborhood, and sidewalks line its mostly flat streets, well-equipped for morning jogs and evening strolls. Home values in Terrace Park typically fall between $200,000 and $300,000.
Homes in Terrace Park also come in a variety of vibrant colors.
Homes in Terrace Park also come in a variety of vibrant colors.
Ranch-style single-family homes are also commonplace in the Terrace Park neighborhood.
Ranch-style single-family homes are also commonplace in the Terrace Park neighborhood.
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Downtown dining, dive bars and an international grocery store

Terrace Park has a few restaurants and bars in and around the neighborhood – namely, Ken's Korner, a cozy dive with live music in the evenings; Habesha, known to be Sioux Falls's most authentic Ethiopian restaurant; and The Log Cabin, a bar that lives up to its name with its all-wooden interior and exterior. For additional dining options, residents head downtown to check out intimate speakeasies like The Treasury, chef-driven restaurants like M.B. Haskett and no-frills destinations like Phillips Avenue Diner. "We have some of the best bars and restaurants in the entire state within a 10-block radius," says South Dakota State Representative Kadyn Wittman, a resident of downtown Sioux Falls. While downtown, residents can shop from small businesses like Plum's Cooking Company and Juniper Apothecary and pick up groceries from Sunshine Foods on 2nd Avenue. Home chefs shop for halal meats and specialty international pantry items at the Global Foods Grocery located in Terrace Park.
Friends connect over drinks and food at The Log Cabin in Terrace Park.
Friends connect over drinks and food at The Log Cabin in Terrace Park.
Explore the charm of downtown Sioux Falls as shoppers find trendy shops and delightful cafes.
Explore the charm of downtown Sioux Falls as shoppers find trendy shops and delightful cafes.
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Summer concerts at Terrace Park and late nightsat Ken's Korner

The Sioux Falls Municipal Band performs free outdoor concerts at Terrace Park throughout the summer. Each performance has a unique theme – like a musical mystery, a patriotic show and a date night special. The neighborhood dive bar Ken's Korner has live music on evenings and weekends as well as open mic nights, karaoke and monthly guided painting classes.
Whether you're catching the game or enjoying a night out, Ken's Korner offers fun and comfort.
Whether you're catching the game or enjoying a night out, Ken's Korner offers fun and comfort.
Guests at Ken's Korner Karaoke Night can sing their hearts out to their favorite songs.
Guests at Ken's Korner Karaoke Night can sing their hearts out to their favorite songs.
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Public and private education options

Students in Terrace Park can start their education at Wildflower Academy, a preschool located in the neighborhood. Then, they attend Hawthorne Elementary School, which has a C-plus on Niche, followed by the B-rated Patrick Henry Middle School. Some send their children instead to the nearby St. Joseph Academy, a hybrid Catholic school for preschool through eighth-grade students. After middle school, they attend Lincoln High School, which has an A-minus and ranks as the second-best high school for STEM in South Dakota on Niche. After that, some choose to attend the Stewart School, a cosmetology school in the neighborhood; others opt for Sioux Falls's Southeast Technical College or four-year universities like the University of South Dakota or South Dakota State University.
Hawthorne Elementary School is easily accessible in the Sioux Falls community.
Hawthorne Elementary School is easily accessible in the Sioux Falls community.
Patrick Henry Middle School serves students in grades 6-8.
Patrick Henry Middle School serves students in grades 6-8.
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Endless amenities at the neighborhood's waterfront park

Saturdays are spent at the neighborhood's eponymous park, an expansive facility with amenities for recreation and relaxation lining the shore of Covell Lake. Kids play baseball on its Little League fields while siblings climb on the playground, and others set up picnics beside waterfalls in the park's Japanese gardens. "We partner with a local horticulture group that specializes in Japanese garden architecture to keep up the gardens and maintain its beauty," Kollars says. On hot summer days, families cool off at the park's pool, where parents sign their kids up for swimming lessons and themselves up for water aerobics. "We recently installed new shade structures," Kollars says, also noting the popularity of the pool's drop slides, a structure that drops its passengers from a suspended point above the pool – "It's a hit." To relax, locals go for walks along the trail or explore the fishing-friendly Covell Lake from a kayak or canoe. The Sioux Falls Municipal Band performs free concerts in the park's bandshell on summer evenings.
Covell Lake at Terrace Park invites relaxation and outdoor adventures.
Covell Lake at Terrace Park invites relaxation and outdoor adventures.
The Japanese Gardens at Terrace Park was established in 1928 by former caretaker Joseph Maddox.
The Japanese Gardens at Terrace Park was established in 1928 by former caretaker Joseph Maddox.
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Walk to the park or downtown

Terrace Park is a mile and a half northwest of downtown Sioux Falls: it takes five minutes to drive, 10 minutes to bike or 30 minutes to walk there. The nearest bus route is south of the neighborhood on the corner of 10th Street and Prairie Avenue, and it's a two-minute bus ride from there. Most residents can walk to Terrace Park – the actual park – or downtown Sioux Falls, but most errands require a car. The nearest hospital is the Sanford USD Medical Center, a mile and a half south of the neighborhood, and the Sioux Falls Regional Airport is two miles north.
Bus service at Terrace Park provides reliable and efficient transportation for residents.
Bus service at Terrace Park provides reliable and efficient transportation for residents.
Stroll through downtown Sioux Falls and discover a blend of art, culture, and community.
Stroll through downtown Sioux Falls and discover a blend of art, culture, and community.
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Ellen Daly
Written By
Ellen Daly
Joseph Choo
Photography Contributed By
Joseph Choo
Paris Lape
Video By
Paris Lape

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Sarah Ekholm, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Joe Foss Field

17 min drive

Bus

West Ave & Bus Pullout (Midway Between 6th And Madison)

Crime and Safety

1 - Low Crime, 10 - High Crime Terrace Park US
Homicide 5 4
Sexual Assault 6 4
Assault with Weapon 6 4
Robbery 6 4
Burglary 5 4
Motor Vehicle Theft 5 4
Larceny 5 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Terrace Park Demographics and Home Trends

Housing Trends

Median List Price
$689,000
Median 2 Bedroom Sale Price
$689,000
Last 12 months Home Sales
0
Average Price Per Sq Ft
$453

Neighborhood Facts

Number of Homes in Neighborhood
324
Number of Homes for Sale
1
Median Year Built
1925
Average Single Family Home Size Sq Ft
1,360
Significantly below the national average
1,924
Average Townhouse Size Sq Ft
3,534
Median Lot Size Sq Ft
6,534

Open Houses

  • Sunday, Aug 3
    2:30 - 3:30pm

    1111 W 5th St, Sioux Falls, SD 57104

    $229,500

    • 2 Beds
    • 3 Baths
    • 1,120 Sq Ft
    • 1111 W 5th St
    • New 6 days ago

    Cozy 2-Bed, 3-Bath Ranch with Tons of Potential! Check out this charming home that’s full of character and ready for your personal touch! You’ll love the original hardwood floors and trim throughout the main level—there’s so much warmth and charm here. The main floor features a full bath, plus a private half bath off the primary bedroom for added convenience. The layout is comfortable and easy to

    Jamie Smith Hegg, REALTORS

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Distribution of Home Values

Source: Public Records

Homes for Rent

Interested in learning more about homes in this area? Reach out to Sarah Ekholm, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
894
Median Age
41
Population Density
2 ppl/acre
Population under 18
22.5%
On par with the national average
23.8%
Population over 65
22.5%
On par with the national average
19.1%

Finances

Median Household Income
$37,884
Significantly below the national average
$71,702
Average Household Income
$45,917

Education and Workforce

High School Graduates
93.1%
College Graduates
15.7%
Below the national average
34.1%
Advanced Degrees
7.9%
Below the national average
13.3%
% Population in Labor Force
63.3%

Weather

Annual Precipitation
28''
Average Winter Low Temperature
9°F
Average Summer High Temperature
85°F
Annual Snowfall
45''

Area Factors

Somewhat Bikeable

Bike Score®

38 / 100

Car-Dependent

Walk Score®

31 / 100

Minimal Transit

Transit Score®

21 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Terrace Park
Sarah Ekholm
Ekholm Team Real Estate
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