Rapid City, SD Single Family Homes for Sale | realtor.com® (2024)

FAQs

Who owns the most single-family homes? ›

What company owns the most single-family homes? Invitation Homes is the largest single owner of single-family rental homes in the United States, managing more than 80,000 homes as of 2021.

Typical home price in South Dakota: $297,384 (84% of typical U.S. price) The typical home value in South Dakota is 16% lower than the typical U.S. home value, while the median income in the state is just 7% below the national median.

“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.

Institutional investors are able to outbid working families for single-family homes by tapping into their wealth, buying these properties in cash. Further, they have been buying smaller, more modest homes — properties that would usually be purchased by first-time homebuyers.

Huron, the county seat of Beadle County, earns the honor of most affordable city in South Dakota. You'll find attractions like the Dakotaland Museum, Splash Central Waterpark and even the world's largest pheasant. Huron is also home to the South Dakota State Fair and numerous parks and sports complexes.

Now, a new survey outlines how much someone needs to earn as a “living wage” to live comfortably in all 50 U.S. states. If you're a single person in South Dakota, you need $52,095 to live comfortably. South Dakota rates 22nd from the lowest in the 50 states.

The average salary in South Dakota is $44,883 per year or $21.58 per hour. Entry level positions start at $33,150 per year while most experienced workers make up to $101,921 per year.

The area bounded by Meadowlark Road, Lacrosse Street, and E North Street had the densest concentration of assaults in January. It is notable for being adjacent to Thomson Park, where two people were shot dead by Arnson Absolu in 2021.

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

Why are homes in Rapid City so expensive? ›

In some places, today's real estate climate can make that a challenge. 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.

Cheapest Southern States to Live In

Mississippi: According to World Population Review, in 2023, Mississippi holds the title of the cheapest state to live in the United States. Its cost of living index is 85, and overall costs in the state are 17% lower than the national average.

Here's how much homes cost. California is home to some of the most overpriced housing markets in the nation, a new housing study reveals. A total of 11 California cities landed on a list of the top 100 housing markets in the United States created by Florida Atlantic University.

West Virginia is the cheapest state to live in the US due to its low cost of living. This affordability is primarily driven by the state's low housing costs and other economic facilities. The median home price in West Virginia is $155,400, and the average rent for a two-bedroom apartment is $930 per month.

80% of single-family rentals are mom-and-pop; mega-landlords own just 3%. But mega-landlords dominate multifamily rentals.

Invitation Homes, the nation's largest owner of single-family rentals with nearly 85,000 houses, is having a hard time finding properties to buy — and has been turning to homebuilders to help it bolster its offerings to clients.

Invitation Homes Inc is the largest company in the U.S. single-family home rental market. The company is known for its large portfolio of high-quality, updated homes tailored to meet the evolving lifestyle needs of its residents.

Blackstone Group is by far the biggest buyer of single family houses with an estimated $2.5 billion totaling up to 16,000 single-family houses and they are currently in Atlanta GA, Chicago IL, Las Vegas NV, Phoenix AZ, and Inland Empire, LA, Sacremento Valley, Bay Area, Central Valley California, Miami Orlando and ...