The housing market in Rapid Valley, SD (zip code 57703) is doing incredibly well. The median value of a home in this area currently stands at $329,700, which is significantly lower than the US house median value of $338,100. However, what really makes the housing market stand out is the 1 year house appreciation rate of 15.62%, which is more than double the US 1 year house appreciation rate of 8.27%. This suggests that Rapid Valley is an excellent place for potential investors or home buyers who want to get into the housing market and benefit from high returns on their investment.
The median home cost in Rapid Valley (zip 57703) is $329,700. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Rapid Valley (zip 57703) is up 18.1%.
Average Age of Homes
- The median age of Rapid Valley (zip 57703) real estate is 25 years old
The Rental Market in Rapid Valley (zip 57703)
- Renters make up 15.2% of the Rapid Valley (zip 57703) population
- 0.9% of houses and apartments in Rapid Valley (zip 57703), 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.