The city of Sioux Falls continues to grow, though not quite at the record-setting pace seen recent years.
Officials on Friday released the latest population estimate showing the city grew by another 5,007 people in 2023 to 213,891 people. That’s nearly a quarter of South Dakota’s total population.
That 2.4% growth rate is slightly below the record-setting pace seen the previous two years, which both exceeded 3%.
The city also building permit valuations exceed $1.1 billion. City leaders said that’s the second highest total ever, behind 2022 when total valuations neared $2 billion.
“2023 proved to be more of an average year of population growth in our community, which was to be expected after a couple of historic years of growth,” said Mayor Paul TenHaken. “Our strong 2023 numbers are evidence of how great Sioux Falls is to live, work, play, start a business, and raise a family.”
The following states released by the city show some of the key building insights from 2023:
· Total construction valuation decreased by 42.2 percent from 2022, when permits totaled an all-time record of $1,930,003,807, up 75 percent from 2021 and 110 percent from 2020.
· Nearly 20 projects exceeded $10 million. Examples include a large apartment complex downtown, healthcare facilities, industrial buildings, and a new elementary school for the Sioux Falls School District.
· New single-family housing units saw the biggest decline from the past few years. Sioux Falls added 421 new single-family units, down 33.8 percent from 2022 and 50.5 percent% from 2021.
· New townhouses maintained the average, adding 331 units for a total value of $69 million.
· Multi-family housing, which includes non-transient housing such as apartments, independent living centers, congregate living facilities, and condominiums, added 1,930 units, a 42.3 percent decrease from 2022 but a 6 percent increase from 2021.
· Out of $1.1 billion, all categories of housing permits were valued at $282 million, which is lower compared to previous years.
A full permit report can be found at the city's website.