Zip 57702 (Rapid City, SD) Housing

Housing in Rapid City, SD (zip code 57702) is very valuable. The median value of a house in this area is $381,500, which is significantly higher than the US house median value of $338,100. Furthermore, in the past year, housing appreciation in Rapid City has been an impressive 15.62%, much higher than the national 1-year house appreciation rate of 8.27%. This indicates that housing prices in Rapid City are continuing to rapidly increase and that there is strong demand for homes in this area.

The median home cost in Rapid City (zip 57702) is $381,500. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Rapid City (zip 57702) is up 18.1%.

Average Age of Homes

- The median age of Rapid City (zip 57702) real estate is 37 years old

The Rental Market in Rapid City (zip 57702)

- Renters make up 23.4% of the Rapid City (zip 57702) population
- 1.0% of houses and apartments in Rapid City (zip 57702), 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
	16,276.0	139,647,020.0
	42	42
	$381,500	$338,100
	18.1%	16.6%
	65.2%	57.0%
	100.3%	101.1%
	$12.71	$10.98
	$3,544	$2,690
	67.8%	57.4%
	10.2%	11.2%
	22.0%	31.4%
Vacant Housing
	1.0%	1.9%
	0.2%	0.4%
	1.1%	0.7%
	0.4%	0.4%
	4.8%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.6%	2.4%
	1.1%	2.8%
	0.5%	3.9%
	2.1%	4.5%
	6.9%	11.3%
	14.5%	13.0%
	29.4%	20.1%
	19.2%	13.6%
	11.1%	8.3%
	8.5%	9.7%
	2.4%	3.9%
	2.3%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	14.1%	13.6%
	12.3%	13.2%
	23.6%	14.8%
	14.1%	13.6%
	11.9%	10.0%
	2.9%	4.7%
	5.9%	12.2%

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