Rapid City, SD Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Rapid City, SD is showing healthy, moderate growth.
- •Steady price growth of 2.3% year-over-year — a balanced market.
- •Price-to-rent ratio: 22.9 — renting may be more affordable in the near term.
Median Home Value
$364,977
ZHVI
Year-over-Year
+2.3%
Price change
5-Year Change
+41.8%
Since 2021
Median Rent
$1,331/mo
ZORI
Active Listings
442
For sale
State Avg
$312,005
South Dakota
Home Value Trends
5-year Zillow Home Value Index for Rapid City, SD vs. state and national averages.
Rent Data
Median Rent
$1,331/mo
Rent YoY Change
+2.7%
Other Markets in South Dakota
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.