Zip 57701 (Rapid City, SD) Housing

The housing market in Rapid City, SD (zip code 57701) is thriving, with a median value of $255,200. This is significantly lower than the US median of $338,100, making it an appealing option for buyers. Additionally, the 1 year house appreciation rate for this area is 15.62%, much higher than the US 1 year appreciation rate of 8.27%. This shows that buying a house in Rapid City can be a great investment. With its competitive prices and strong appreciation rates, Rapid City is an attractive option for anyone looking to buy a home.

The median home cost in Rapid City (zip 57701) is $255,200. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Rapid City (zip 57701) is up 18.1%.

Average Age of Homes

- The median age of Rapid City (zip 57701) real estate is 43 years old

The Rental Market in Rapid City (zip 57701)

- Renters make up 41.5% of the Rapid City (zip 57701) population
- 2.1% of houses and apartments in Rapid City (zip 57701), 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
	20,044.0	139,647,020.0
	45	42
	$255,200	$338,100
	18.1%	16.6%
	65.2%	57.0%
	100.3%	101.1%
	$12.95	$10.98
	$2,276	$2,690
	53.1%	57.4%
	8.6%	11.2%
	38.3%	31.4%
Vacant Housing
	2.1%	1.9%
	0.9%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	1.2%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	6.5%	2.6%
	3.5%	2.4%
	4.2%	2.8%
	3.0%	3.9%
	2.2%	4.5%
	19.0%	11.3%
	22.8%	13.0%
	23.7%	20.1%
	7.3%	13.6%
	3.3%	8.3%
	3.0%	9.7%
	0.5%	3.9%
	0.5%	2.2%
	0.3%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	11.9%	13.6%
	10.2%	13.2%
	17.7%	14.8%
	11.9%	13.6%
	16.7%	10.0%
	4.2%	4.7%
	8.4%	12.2%

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