16 census tracts
Rapid City.South Dakota housing market
This Rapid City housing market report covers about 30,200 homes across 16 census tracts. Owners occupy most homes; renters hold 32%, lower than in 132 of the 139 markets PriceDNA tracks. For August 2026, the average listing price is $591,143 across 433 active listings (Realtor.com Economic Research, Monthly Housing Inventory).
- Average listing price
- $591,143 433 active listings · Realtor.com Economic Research, Monthly Housing Inventory · August 2026
- Approximate homes
- 30,200 across 16 assigned tracts
- Renter-occupied
- 32% of occupied homes
Rapid City housing market context
- Tracts across Rapid City are unusually alike on location: the middle half spans 66 to 70 on the Location Score, narrower than in 127 of the 139 markets.
- Population grew 1.5% a year from 2020 to 2025, faster than in 120 of the 137 markets with Census population estimates.
- The property insurance rate is 0.77%, higher than in 106 of the 139 markets.
These are city-level figures. To see how one property measures up against your goal, run a specific address.
Location score distribution
How location scores vary across 16 census tracts in Rapid City.
Half of Rapid City's tracts score between 66 and 70. The full range spans 60 to 78, with a median of 69.2.
What the location score shows
PriceDNA Location Score™ is a 0 to 100 signal designed to summarize local strength and risk context for rental-property analysis. Higher scores generally point to stronger location fundamentals.
The middle half of Rapid City's tracts is 3.8 points wide on the score, narrower than in 127 of the 139 markets PriceDNA tracks.
To see the location score for your specific property, analyze a property
Housing composition
Key housing statistics for approximately 30,200 homes in Rapid City, including occupancy, tenure, and structure type.
Of about 30,200 homes, 9.0% are vacant. Among occupied homes, 32% are renter-occupied, providing context on the size of the local rental base.
By structure type, about 67% of Rapid City’s housing units are in single-family structures, 7% in small multifamily buildings (2 to 4 units), and 20% in larger multifamily buildings (5+ units). About 6.4% of Rapid City’s housing units are mobile homes. Percentages are rounded; small residual structure categories are not shown.
How Rapid City compares
Rapid City's median is above the South Dakota median on 4 of these 8 measures and above the U.S. median on 3. The city range shows the lower quarter, median and upper quarter of its census tracts.
| Metric | Rapid City lower · median · upper Rapid City | South Dakota SD | United States US |
|---|---|---|---|
|
Census ACS B19013 · 2020 to 2024
|
$51,456 $63,638 $69,288 | $77,662 | $77,171 |
|
Census ACS B15003 · 2020 to 2024
|
33% 38% 51% | 44% | 41% |
|
Census ACS B01001 · 2020 to 2024
|
31% 33% 34% | 30% | 32% |
|
FHFA HPI · 2025
|
5.3% 5.5% 5.6% | 5.2% | 5.2% |
|
HUD SAFMR · 2018 to 2027 + Census ACS B25064 · 2014 to 2024
|
3.3% 3.4% 4.1% | 4.0% | 3.8% |
|
Census ACS B25103 · 2020 to 2024 + Lincoln Institute
|
1.51% every tract | 1.51% | 1.65% |
|
Census ACS B25141 · 2020 to 2024 + U.S. Treasury FIO
|
0.64% 0.77% 0.77% | 0.77% | 0.56% |
|
Census ACS B25064 + B19013 · 2020 to 2024
|
28.2% 30.7% 32.5% | 25.5% | 30.8% |
About this data
PriceDNA uses the most local reliable data available for each metric. Some signals are available at the census-tract level. Others are published or more reliable at broader geographies such as county, metro, state, or national level.
Housing-unit totals are approximate. PriceDNA sums Census ACS counts for the tracts assigned to the city by centroid, so the market total can differ from a municipal boundary count when a tract crosses the city line.
The property-tax assumption combines local residential tax data with a state-level apartment benchmark to provide more conservative context for rental-property underwriting. Insurance assumptions use available residential property insurance data and should be verified for the specific property and coverage.
These pages are designed for market screening and investor education. They do not replace property-level underwriting, inspections, appraisals, insurance quotes, lender review, or professional advice.
Nearby markets
Market pages for other cities within 300 miles.
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