Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rapid City area can be challenging. Home prices in Rapid City are now at a median cost of $174,702, lower than the Michigan average of $196,062.
The average cost of rent is $824/mo in Rapid City, primarily driven by the current value of real estate in the Rapid City area. While nearly 42.24% of residents own their homes outright in Rapid City, 15.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rapid City is $4,638 per month. Households that rent pay about 17.77% of their income on rent here. Rapid City's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Torch River, MI: higher priced homes
- Alden, MI: higher priced homes
- Clam River, MI: higher priced homes
- Elk Rapids, MI: higher priced homes
- Williamsburg, MI: higher priced homes
- Kalkaska, MI: less expensive homes
- Bates, MI: higher priced homes
- Bellaire, MI: higher priced homes
- North Arms, MI: higher priced homes
- Yuba, MI: higher priced homes
Cities with Similar Populations
- Bon Secour, AL: higher priced homes
- Naches, WA: higher priced homes
- Morenci, MI: less expensive homes
- Medinah, IL: higher priced homes
- Lucerne, CA: higher priced homes
- London, AR: less expensive homes
- Kiowa, CO: higher priced homes
- Kingston, OH: equally priced homes
- Jesup, IA: equally priced homes
- Guin, AL: less expensive homes
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