Why are homes in Rapid City so expensive?

We're seeing this in Rapid City, where recent population growth has led to a housing shortage and dramatic increases in both home prices and rents.

Why do houses appreciate faster than condos?

Appreciation potential. Single-family homes tend to appreciate more than condos, partly because people have a hard time envisioning paying a higher sales price for a property where they have to pay condo fees . Many homebuyers would rather put that money into home improvements of their own choosing.

Is Rapid City a good place to live?

“ Rapid City is a great place to live, work and raise a family . Rapid City and the Black Hills have many quality of life experiences and opportunities for residents and visitors alike.

Does Rapid City have a homeless problem?

There are approximately 500 homeless people in the Rapid City metro area .

How expensive is it to live in Rapid City, SD?

Typical Expenses 1 ADULT 2 ADULTS (BOTH WORKING) 0 Children 2 Children Housing $9,495 $14,010 Transportation $10,473 $17,568 Civic $2,889 $7,409 8 more rows

What areas to avoid in Rapid City?

RAPID CITY, S.D. – If you've lived in Rapid City, you've likely heard a good deal about 'Knollwood,' 'The Big Three,' and 'Surfwood,' all terms referring to a small area of the city between Surfwood Drive and Knollwood Drive that has been continuously plagued by violent crime.

What is a good salary in South Dakota?

Hourly Rate Salary in South Dakota Annual Salary Hourly Wage Top Earners $65,500 $31 75th Percentile $50,500 $24 Average $39,366 $19 25th Percentile $32,000 $15

Which US City has the highest house prices?

Most expensive housing markets in the U.S. Manhattan, New York. Borough population: 1,596,273. Honolulu, Hawaii. City population: 343,437. ... San Jose, California. City population: 1,938,524. ... San Francisco, California. City population: 808,437. ... Orange County, California. ... Brooklyn, New York. ... Los Angeles, California. ... Washington, D.C. ... More items...

Which City has the most expensive house prices?

The Top 10 Most Expensive Cities to Buy Property in the World! Hong Kong ($1,235,220) ... Singapore ($874,372) ... Shanghai ($872,555) ... Vancouver ($815,322) ... Shenzen ($680,283) ... Los Angeles ($679,220) ... New York ($674,500) ... London ($646,973) More items...

Are houses expensive in South Dakota?

There are currently 3,761 homes for sale in South Dakota. The median list price in South Dakota is $375,000 and the average price per square foot is $181.

Rapid City, SD Condos for Sale | realtor.com® (2024)

Homes

Brokered by RE MAX Results

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Property detail for 8B Glendale Ln Rapid City, SD 57702

Contingent

$349,900

2bed
2bath
1,982sqft1,982 square feet
2,614sqft lot2,614 square foot lot

8B Glendale Ln

Rapid City, SD 57702

Rapid City, SD Condos for Sale | realtor.com® (5)

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Property detail for 3320 Dover St Rapid City, SD 57702

Condo for sale

$178,900

2bed
2bath
1,176sqft1,176 square feet
3,920sqft lot3,920 square foot lot

3320 Dover St

Rapid City, SD 57702

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Property detail for 4616 Chalkstone Dr Rapid City, SD 57701

Condo for sale

$182,000

$3k

2bed
2bath
1,014sqft1,014 square feet

4616 Chalkstone Dr

Rapid City, SD 57701

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Brokered by Keller Williams Realty Black Hills

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Property detail for 12634 Robins Roost Rd Hill City, SD 57745

Condo for sale

$1,000,000

10bed
6bath
4,598sqft4,598 square feet
1acre lot1 acre lot

12634 Robins Roost Rd

Hill City, SD 57745

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Facts about Rapid City, SD

Rapid City housing market

Median listing home price

$384.25k

Median days on market

Median listing home price per sq.ftMedian listing home price per square foot

$209

Active listings

645

Median rent

$1.22k

Rapid City rentals

Schools in Rapid City, SD

Top rated schools

8

Corral Drive Elementary - 21
View homes for sale

7

Pinedale Elementary - 11
View homes for sale

6

Meadowbrook Elementary - 10
View homes for sale

To verify enrollment eligibility, contact the school or district directly. School data provided by National Center for Education Statistics,

Precisely, and

GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data.

Property types in Rapid City, SD

Single family homes Rapid City

Townhomes Rapid City

Multi-family homes Rapid City

Mfd/mobile homes Rapid City

Farms Rapid City

Lands Rapid City

New constructions Rapid City

Newest listings Rapid City

Recently sold homes Rapid City

Home values for neighborhoods near Rapid City, SD

Elk Vale Road Homes for Sale$382,400
North Rapid City Homes for Sale$244,900
Ellsworth Homes for Sale$369,900

Downtown Rapid City Homes for Sale$319,900
Sheridan Lake Road Homes for Sale$634,500
Southeast Connector Homes for Sale$434,000
Deadwood Avenue Homes for Sale$322,450
West Rapid City Homes for Sale$362,500
US Highway 16 Homes for Sale$499,450
South Robbinsdale Homes for Sale$375,000
Airport Neighborhood Homes for Sale$364,000

Home values for cities near Rapid City, SD

Piedmont Homes for Sale$589,900
Box Elder Homes for Sale$366,950
Sturgis Homes for Sale$631,500

Custer Homes for Sale$599,000
Hill City Homes for Sale$599,900
Deadwood Homes for Sale$434,900
Hermosa Homes for Sale$627,400
Rochford Homes for Sale$599,900
Summerset Homes for Sale$430,000
Rockerville Homes for Sale$552,400
Silver City Homes for Sale$552,400
Lead Homes for Sale$887,450
Marcus Homes for Sale$664,000
Hereford Homes for Sale$664,000
Bethlehem Homes for Sale$589,700

Home values for counties near Rapid City, SD

Lawrence Homes for Sale$771,700
Pennington Homes for Sale$375,000
Meade Homes for Sale$459,900

Custer Homes for Sale$575,000
Crook Homes for Sale$684,900
Butte Homes for Sale$402,000
Weston Homes for Sale$260,000
Fall River Homes for Sale$280,000
Converse Homes for Sale$329,000
Perkins Homes for Sale$138,250
Stanley Homes for Sale$396,900
Dawes Homes for Sale$287,500
Cherry Homes for Sale$315,000

Home values for zips near Rapid City, SD

57702 Homes for Sale$552,400
57701 Homes for Sale$318,000
57703 Homes for Sale$415,000

57754 Homes for Sale$887,450
57785 Homes for Sale$664,000
57730 Homes for Sale$594,450
57719 Homes for Sale$366,950
57769 Homes for Sale$589,700
57732 Homes for Sale$429,950
57718 Homes for Sale$419,900
57745 Homes for Sale$599,900
57744 Homes for Sale$627,400
57783 Homes for Sale$641,500
57747 Homes for Sale$405,000
57793 Homes for Sale$489,000

How to buy a home in Rapid City, SD

Be prepared to buy

Get pre-approved

A pre-approval letter from a lender makes your offer stronger.

Get pre-approved

Moving cost calculator

Condos for sale in Rapid City, SD

So you are looking for condos for sale in Rapid City, SD? Excellent choice! Realtor.com® wants to make sure you can search condos with ease. That is why we have compiled a list of 6 condos that are currently for sale within Rapid City, SD residential boundaries, including open house listings. View each home individually and read the property details, which include the price, sales history, property tax, school information and much more. Get instant access to property photos so you can explore the home online. Many people choose to live near Rapid City, SD because of its good reputation as well as its proximity to several parks and recreational areas. In fact, there are schools, universities, school districts and lastly parks nearby. Our goal is to help you buy your dream home.

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Rapid City, SD Condos for Sale | realtor.com® (2024)

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Popular condo searches in Rapid City, SD

Facts about Rapid City, SD

Schools in Rapid City, SD

8

7

6

Property types in Rapid City, SD

Home values for neighborhoods near Rapid City, SD

Home values for cities near Rapid City, SD

Home values for counties near Rapid City, SD

Home values for zips near Rapid City, SD

How to buy a home in Rapid City, SD

Be prepared to buy

Get pre-approved

Moving cost calculator

Condos for sale in Rapid City, SD

Top real estate markets in South Dakota

FAQs

Why are homes in Rapid City so expensive? ›

	1 ADULT	2 ADULTS (BOTH WORKING)
	0 Children	2 Children
Housing	$9,495	$14,010
Transportation	$10,473	$17,568
Civic	$2,889	$7,409

	Annual Salary	Hourly Wage
Top Earners	$65,500	$31
75th Percentile	$50,500	$24
Average	$39,366	$19
25th Percentile	$32,000	$15