Rapid City, SD Real Estate
Rapid City anchors one of South Dakota's largest metro areas with a population of about 76,836. The median home value is near $270,000, and median rent runs around $1,053/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$270,000
Median Rent
$1,053/mo
Population
76,836
Median Income
$65,712
Median Age
39
Homeownership
61.6%
Monthly payment on a median Rapid City home
Example for a $270,000 home: 20% down, 30-yr at ~6.75%, SD property tax ~1.01%, 0.4% insurance.
Est. monthly (PITI)
$1,718
Principal & interest
$1,401
Property tax / mo
$227
Down payment (20%)
$54,000
Rapid City at a glance
- 23% of residents 25+ hold a bachelor's degree or higher.
- 61.6% of occupied homes are owner-occupied.
- Median household income is $65,712.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
Other South Dakota cities
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