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Rapid City, SD

Full City Profile · South Dakota · Lawrence County County

3.4 /5.0
B Good
76,836 Population 1,373/sq mi density
$65,712 Median Income $40,447 per capita
$270,000 Home Value $356,038 Zillow
$1,053 Median Rent 29.0% income on rent
48°F Avg Temperature 276 sunny days/yr
707 Violent Crime/100K 3,214 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$65,712 median income, 2.0% unemployment
A
Affordability
4.4 / 5.0
$270,000 home value, $1,053/mo rent
F
Safety
1.0 / 5.0
707 violent crimes/100K (86% above avg)
B+
Education
3.9 / 5.0
36.4% bachelor's degree or higher

Housing Overview

Median Home Value
$270,000
4% below
US avg: $281,900
Median Rent
$1,053/mo
9% below
US avg: $1,163/mo
Homeownership Rate
61.6%
6% below US avg (65.4%)
Total Housing Units
34,127
Median year built: 1979

Home Value by Source

Census Median
$270,000
Zillow (ZHVI)
$356,038
Median Sale Price
$320,000
Median List Price
$325,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

61.6%
Owner-Occupied
38.4%
Renter-Occupied
62%
38%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent: $1,053/mo · Zillow rent: $1,297/mo

Market Indicators (Redfin)

Median Days on Market
87 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
65
Price Drops
15.8%
of listings with price reduction
Price Per Sq Ft
$202
Active Inventory
316
homes for sale

Affordability & Housing Stock

Rent Burden
29.0%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
61.6%

Complete Housing Data

Home Values

Census Median Value$270,000
Zillow Home Value (ZHVI)$356,038
Median Sale Price$320,000
Median List Price$325,000
Price Per Sq Ft$202

Rent

Census Median Rent$1,053
Zillow Rent (ZORI)$1,297
FMR Studio$691
FMR 1-Bedroom$784
FMR 2-Bedroom$990
FMR 3-Bedroom$1,295
FMR 4-Bedroom$1,540

Market

Days on Market87
Sale-to-List Ratio1.0%
Price Drops15.8%
Homes Sold65
Active Inventory316
Price Per Sq Ft$202

Ownership & Stock

Owner-Occupied61.6%
Renter-Occupied38.4%
Homeownership Rate61.6%
Total Housing Units34,127
Median Year Built1979
Rent Burden29.0%