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States / South Dakota / Rapid City

Rapid City, SD Housing

ACS 2020-2024

Median Home Value
$299,400 ± $7,825
Median Gross Rent
$1,109 ± $48/mo
Homeownership Rate
62.9%
Rent as Share of Income
18.8%
Price-to-Income Ratio
4.2×
Vacancy Rate
9.0%
Median Year Built
1979

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
326
Buildings
245
Single-Family Units
230
Multi-Family Units
96

Nearby Cities in South Dakota

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Rapid City, SD Housing: Rent & Home Values | HomeDataUSA