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Terrace Park Home for Sale

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    $229,900

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

    517 N Walts Ave, Sioux Falls, SD 57104

    Charming & Affordable Home Near Downtown Sioux Falls! Step inside this move-in-ready gem featuring brand-new carpet throughout and fresh paint inside and out. This 2-bedroom home also offers a non-legal bedroom/office and a cozy loft space upstairs, perfect for extra living space. Enjoy your morning coffee in the enclosed front porch or in the backyard with your fully fenced yard, and take

    Jenny Atkinson Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

    517 N Walts Ave, Sioux Falls, SD 57104

Why Live in Terrace Park

Terrace Park in Sioux Falls is a residential neighborhood located a mile and a half northwest of downtown. The area is known for its namesake park, which features Covell Lake, a popular spot for urban fishing, kayaking, and canoeing. The park also includes a well-loved outdoor pool, Japanese gardens, and athletic facilities such as Little League baseball fields. The neighborhood is characterized by a mix of single-family homes, including early 20th-century Tudors and American Foursquares, as well as midcentury ranch-style and split-level homes. Tall trees and sidewalks make it ideal for morning jogs and evening strolls. Terrace Park is home to a few notable dining options, such as Ken's Korner, Habesha, and The Log Cabin, with additional attractions and restaurants available downtown. The Sioux Falls Municipal Band performs free concerts in the park during the summer, adding to the community's vibrant atmosphere. For education, students attend Lincoln High School, which is highly rated. The neighborhood is safer than the national average, and most errands require a car, although downtown and the park are within walking distance. The nearest hospital, Sanford USD Medical Center, is a mile and a half away, and the Sioux Falls Regional Airport is two miles north.

Frequently Asked Questions

Is Terrace Park a good place to live?
Terrace Park is a good place to live. Terrace Park is considered car-dependent and somewhat bikeable with minimal transit options. Terrace Park has 5 parks for recreational activities. It is sparse in population with 1.1 people per acre and a median age of 41. The average household income is $45,917 which is below the national average. College graduates make up 15.7% of residents. A majority of residents in Terrace Park are renters, with 65.5% of residents renting and 34.5% 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.
How much do you need to make to afford a house in Terrace Park?
The median home price in Terrace Park is $149,900. If you put a 20% down payment of $30,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $750 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $32K a year to afford the median home price in Terrace Park. The average household income in Terrace Park is $46K.
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, 57107, 57103, 57105 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 Pettigrew Heights, Downtown Sioux Falls, Garfield, All Saints and Whittier.

Home Trends in Terrace Park, SD

Housing Trends

Median Sale Price
$147,500
Median Single Family Sale Price
$155,000
Average Price Per Sq Ft
$137
Number of Homes for Sale
1
Last 12 months Home Sales
4
Months of Supply
3.00
Median List Price
$149,900
Median Change From 1st List Price
-2%
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