Rapid City Metro Area, SD Housing

The housing market in Rapid City, SD Metro Area is strong and thriving. The median value of homes in the area is $329,400, slightly lower than the US median value of $338,100. In the last year, house appreciation has risen by 14.46%, higher than the 8.27% seen nationwide. This significant increase in appreciation indicates that Rapid City's housing market is thriving and continues to be a great investment opportunity for buyers.

The median home cost in Rapid City Metro Area is $329,400. Home appreciation the last 10 years has been 100.1%. Home Appreciation in Rapid City Metro Area is up 18.1%.

Average Age of Homes

- The median age of Rapid City Metro Area real estate is 37 years old

The Rental Market in Rapid City Metro Area

- Renters make up 28.2% of the Rapid City Metro Area population
- 1.6% of houses and apartments in Rapid City Metro Area, 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
	61,278.0	139,647,020.0
	39	42
	$329,400	$338,100
	18.1%	16.6%
	65.1%	57.0%
	100.1%	101.1%
	$12.72	$10.98
	$2,687	$2,690
	63.3%	57.4%
	10.0%	11.2%
	26.7%	31.4%
Vacant Housing
	1.6%	1.9%
	0.5%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	3.1%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	4.5%	2.6%
	2.8%	2.4%
	2.4%	2.8%
	2.3%	3.9%
	2.4%	4.5%
	11.7%	11.3%
	20.0%	13.0%
	28.1%	20.1%
	13.4%	13.6%
	5.3%	8.3%
	4.5%	9.7%
	1.1%	3.9%
	1.0%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	16.0%	13.6%
	16.0%	13.6%
	14.1%	13.6%
	11.8%	13.2%
	19.6%	14.8%
	14.1%	13.6%
	10.4%	10.0%
	3.3%	4.7%
	7.3%	12.2%

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