Rapid City, SD home prices
Rapid City, SD is flat, mid-priced.
Momentum+0.5%Flat
Vs typical+20%Around average
Rental yield4.6%Moderate yield
Real Estate Price Map scores, derived from the data on this page · how we calculate them
2008: $163,685 → today: $365,969 (2.2×)
Typical home value
$365,969
Zillow ZHVI
Since 2008
+123.6%
Rank in SD
#35
of 130 cities
Median rent
$1,403/mo
4.6% gross yield
Market read
At $365,969, homes in Rapid City are 20% above the typical SD city ($305,394), ranking #35 of 130 we track in the state.
Prices are up 0.5% over the last year.
Rapid City sits in Pennington County — see the full county market data →
Home value history
Zillow Home Value Index, yearly.
Other cities in South Dakota
Keystone · South Shore · Hermosa · Florence · Renner · Henry
Frequently asked questions
What is the average home price in Rapid City, SD?
The typical Rapid City, SD home is worth $365,969 — 20% above the typical South Dakota city ($305,394).
Are home prices in Rapid City rising?
Rapid City home values have risen +123.6% since 2008, and moved +0.5% in the last year.
What is the rental yield in Rapid City?
Median rent is $1,403/mo, a gross yield of about 4.6%.
What county is Rapid City in?
Rapid City is in Pennington County, where you can see full county market data.
| Year | Rapid City, SD home value |
|---|---|
| 2008 | $163,685 |
| 2009 | $160,363 |
| 2010 | $162,990 |
| 2011 | $161,971 |
| 2012 | $169,476 |
| 2013 | $176,413 |
| 2014 | $180,784 |
| 2015 | $188,735 |
| 2016 | $195,055 |
| 2017 | $205,307 |
| 2018 | $213,371 |
| 2019 | $229,293 |
| 2020 | $252,161 |
| 2021 | $298,519 |
| 2022 | $335,783 |
| 2023 | $343,898 |
| 2024 | $356,830 |
| 2025 | $364,014 |
| 2026 | $365,969 |