South Dakota received $271 million in federal funding to help renters remain in housing and keep landlords viable, but has given out only $25 million so far. Renters in Minnehaha County and Pennington County, where this home is located, have applied in high numbers for help. Photo: News Watch file.
SIOUX FALLS, S.D. (KELO.com) — The South Dakota Multi-Housing Association found the July 2022 vacancy report confirmed a vacancy rate of
3.72%.
They surveyed their Sioux Falls area members for its 50th biannual vacancy survey. From the reported data, the 3.72% rate is up slightly from the January 2022 reported vacancy rate of 3.12%. Jill Madsen, Chair of South Dakota Multi Housing Association says “The data shows, evident in this vacancy report, there is a shortage of housing and more building is needed to meet future demand.”
In a nationwide survey recently completed by the National Apartment Association, the U.S. needs to build 4.3 million apartments by 2035 to meet future demand and address the current apartment deficit.
For more information about South Dakota Multi Housing Association, please visit them here.
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