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Terrace Park Homes for Sale

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  • /45

    $194,999

    • 3 Beds
    • 1 Bath
    • 1,111 Sq Ft

    1013 W 5th St, Sioux Falls, SD 57104

    Near Terrace Park & Cathedral District • Main-floor bedroom • New siding, flooring & paintUpdated and move-in ready, this 3-bed, 1-bath home combines modern interior improvements with convenient access to Sioux Falls amenities. Recent updates include new siding, a newer roof, new LVP flooring, new carpet, and fresh interior paint throughout. The main level features a bright living area with

    Agent Photo

    Craig Bertrand

    Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

    (605) 972-1314

    1013 W 5th St, Sioux Falls, SD 57104
  • /37

    $169,000

    • 1,640 Sq Ft

    611 N Walts Ave, Sioux Falls, SD 57104

    Prime Investment Opportunity in Central Sioux Falls!Welcome to 611 N Walts Ave, a versatile non-conforming duplex offering strong income potential and flexible living options. The main and upper levels feature a spacious 2-bedroom, 1-bath unit, while the additional upper unit includes a 1-bedroom, 1-bath layout—ideal for rental income, owner-occupancy, or the possibility of a mother-in-law

    Jim Koch eXp Realty - SF Allen Team

    611 N Walts Ave, Sioux Falls, SD 57104
  • /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

    Affordable 2 Bedroom Home Near Downtown Sioux Falls with a Large Garage and Fenced Yard! This move in ready home offers an excellent opportunity to enjoy comfortable living just minutes from downtown Sioux Falls. Inside, you will find brand new carpet and fresh interior and exterior paint that create a clean and welcoming feel throughout. The layout includes two bedrooms and a cozy loft upstairs

    Jenny Atkinson Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

    517 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 car-dependent 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 6.11%, your estimated principal and interest payment would be $1,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $46K 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, 57107, 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 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
$151
Number of Homes for Sale
2
Last 12 months Home Sales
18
Months of Supply
1.30
Median List Price
$219,900
Median Change From 1st List Price
1%
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