Rapid City, SD Housing

Rapid City, SD has seen a significant appreciation in its housing median value over the past year. The median value of homes in Rapid City is at $292,500 compared to the US median value of $338,100—a difference of 15.62%. This increase in housing prices is significantly higher than the US average of 8.27%, indicating that Rapid City may be a desirable area for potential buyers looking for an investment opportunity.

The median home cost in Rapid City is $292,500. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Rapid City is up 18.1%.

Average Age of Homes

- The median age of Rapid City real estate is 41 years old

The Rental Market in Rapid City

- Renters make up 38.2% of the Rapid City population
- 1.8% of houses and apartments in Rapid City, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rapid City, South Dakota	United States
	33,463.0	139,647,020.0
	43	42
	$292,500	$338,100
	18.1%	16.6%
	65.2%	57.0%
	100.3%	101.1%
	$12.77	$10.98
	$2,662	$2,690
	56.8%	57.4%
	8.1%	11.2%
	35.1%	31.4%
Vacant Housing
	1.8%	1.9%
	0.9%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	1.3%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	2.5%	2.4%
	2.5%	2.8%
	1.5%	3.9%
	2.2%	4.5%
	14.3%	11.3%
	20.5%	13.0%
	28.1%	20.1%
	12.6%	13.6%
	6.0%	8.3%
	4.2%	9.7%
	1.1%	3.9%
	0.5%	2.2%
	0.3%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	13.5%	13.6%
	13.5%	13.6%
	11.6%	13.6%
	11.4%	13.2%
	19.0%	14.8%
	11.6%	13.6%
	14.8%	10.0%
	3.7%	4.7%
	7.6%	12.2%

Reviews for Rapid City

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PJ · Amarillo, TX

Don't let the name City deceive you. It's a Town!!

This Year

I have lived in this city for the last three and half years and I can't stand it!! Let me spell it out for you, but to be fair, let me give you the Pros first: More

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Jacob · Eugene, OR

Black Hills are beautiful in summer.

Over 3 years ago

Unless you made your pension out of state or already bought a home you can't afford to liver there. Rapid City is gray in winter. More

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Dee · Beverly Hills, CA

Title

Over 3 years ago

I've lived in the city 5 years a loved More

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