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Rapid Valley, SD

Full City Profile · South Dakota · Lawrence County County

3.3 /5.0
B Good
7,153 Population 1,116/sq mi density
$85,217 Median Income $40,944 per capita
$226,300 Home Value $359,031 Zillow
$1,263 Median Rent 35.0% income on rent
47°F Avg Temperature 311 sunny days/yr
286 Violent Crime/100K 1,315 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$85,217 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$226,300 home value, $1,263/mo rent
F
Safety
1.0 / 5.0
286 violent crimes/100K
C+
Education
2.6 / 5.0
20.1% bachelor's degree or higher

Housing Overview

Median Home Value
$226,300
20% below
US avg: $281,900
Median Rent
$1,263/mo
9% above
US avg: $1,163/mo
Homeownership Rate
95.8%
46% above US avg (65.4%)
Total Housing Units
3,138
Median year built: 1986

Home Value by Source

Census Median
$226,300
Zillow (ZHVI)
$359,031
Median Sale Price
$280,000
Median List Price
$295,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

95.8%
Owner-Occupied
4.2%
Renter-Occupied
96%
4%
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: $1,263/mo

Market Indicators (Redfin)

Median Days on Market
100 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
14.3%
of listings with price reduction
Price Per Sq Ft
$182
Active Inventory
14
homes for sale

Affordability & Housing Stock

Rent Burden
35.0%
of renters spending 30%+ of income on housing
13% above US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
95.8%

Complete Housing Data

Home Values

Census Median Value$226,300
Zillow Home Value (ZHVI)$359,031
Median Sale Price$280,000
Median List Price$295,500
Price Per Sq Ft$182

Rent

Census Median Rent$1,263
FMR Studio$691
FMR 1-Bedroom$784
FMR 2-Bedroom$990
FMR 3-Bedroom$1,295
FMR 4-Bedroom$1,540

Market

Days on Market100
Sale-to-List Ratio1.0%
Price Drops14.3%
Homes Sold5
Active Inventory14
Price Per Sq Ft$182

Ownership & Stock

Owner-Occupied95.8%
Renter-Occupied4.2%
Homeownership Rate95.8%
Total Housing Units3,138
Median Year Built1986
Rent Burden35.0%