3

Terrace Park Homes for Sale

Section Image
  • /8

    $225,000

    • 1,870 Sq Ft

    608 N Walts Ave, Sioux Falls, SD 57104

    Calling all investors and house hackers! This Triplex conveniently offers 2 units that both have 2 bedrooms and 1 bath, and a basement unit that has 1 bedroom and 1 bath. Lots of off-street parking in the rear of the home with alley access! Priced to sell and ready for you to add to your portfolio today!

    Matthew Harvey Alpine Residential

    608 N Walts Ave, Sioux Falls, SD 57104
  • /30

    $219,900

    • 2 Beds
    • 2 Baths
    • 1,601 Sq Ft

    517 N Walts Ave, Sioux Falls, SD 57104

    Discover the value and convenience of this move in ready 2 bedroom home located just minutes from downtown Sioux Falls. With new carpet and fresh paint inside and out, the home feels clean, bright, and ready for its next owner from the moment you step inside. The functional layout includes two bedrooms, a bathroom, and a loft upstairs, plus an additional room downstairs, offering flexible space

    Jenny Atkinson Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

    517 N Walts Ave, Sioux Falls, SD 57104
  • /29

    $169,000

    • 3 Beds
    • 2 Baths
    • 1,640 Sq Ft

    611 N Walts Ave, Sioux Falls, SD 57104

    Rare Sioux Falls Flex Living Property — Duplex or Single Home With Large Lot Rare opportunity to own a versatile home with strong equity potential and an extra-large lot in a central location — features that are difficult to find in this market. 611 N Walts Ave is currently configured to function as either a duplex or a single-family home, giving buyers exceptional flexibility. Whether you want

    Jim Koch eXp Realty - SF Allen Team

    611 N Walts Ave, Sioux Falls, SD 57104

Why Live in Terrace Park

Terrace Park is a residential neighborhood about a mile and a half from Downtown Sioux Falls. The area stands out for its large 52-acre park, which was founded in 1916 and is on the historic register of places. A key feature of the greenspace is Covell Lake — a popular spot for urban fishing, kayaking and canoeing. The park also has an outdoor pool, a Japanese garden, athletic facilities and trails used by walkers and cyclists. The neighborhood is made up of single-family homes, with architecture ranging from early 20th-century American Foursquares to midcentury ranch style and split-level properties. When it comes to food, there are a few notable spots nearby — Ken’s Korner and The Log Cabin being two, while downtown offers even more options. Community spirit is alive and well in Terrace Park, thanks to its neighborhood association. The local park is more than just a place to relax and play, it's also a hub for events. In the summer, the Sioux Falls Municipal Band puts on free concerts at its bandshell, drawing out a lively crowd.

Frequently Asked Questions

Is Terrace Park a good place to live?
Terrace Park is a good place to live. Terrace Park is considered somewhat walkable and somewhat bikeable with minimal transit options. Terrace Park is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Terrace Park has 6 parks for recreational activities. It is fairly sparse in population with 3.2 people per acre and a median age of 40. The average household income is $62,530 which is below the national average. College graduates make up 18.2% of residents. A majority of residents in Terrace Park are renters, with 62.6% of residents renting and 37.4% of residents owning their home. A local real estate agent serving Terrace Park can help you decide if this neighborhood is the right one for you. Learn more on our Terrace Park neighborhood guide.
Is Terrace Park, SD a safe neighborhood?
Terrace Park, SD is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Terrace Park?
The median home price in Terrace Park is $219,900. If you put a 20% down payment of $44,000 and had a 30-year fixed mortgage with an interest rate of 6%, your estimated principal and interest payment would be $1,050 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $45K a year to afford the median home price in Terrace Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Terrace Park is $63K.
What are the best public schools in Terrace Park?
The best public schools that serve Terrace Park are:
What are the best private schools in Terrace Park?
The best private schools that serve Terrace Park are:
What are the most popular zip codes in Terrace Park, Sioux Falls, SD?
The most popular zip codes in Terrace Park, Sioux Falls, SD include 57104, 57103, 57105, 57107 and 57106.
What are the most popular neighborhoods near Terrace Park, Sioux Falls, SD?
The most popular neighborhoods near Terrace Park, Sioux Falls, SD are Downtown Sioux Falls, Cathedral, Northwest Sioux Falls, Pettigrew Heights and West Tenth Street.

Home Trends in Terrace Park, SD

Housing Trends

Median Sale Price
$226,000
Median Single Family Sale Price
$222,450
Average Price Per Sq Ft
$149
Number of Homes for Sale
2
Last 12 months Home Sales
20
Months of Supply
1.20
Median List Price
$219,900
Median Change From 1st List Price
1%
How to Buy a Home How to Finance a Home How to Sell a Home