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 $252,231, higher than the South Dakota average of $199,518.
The average cost of rent is $970/mo in Rapid City, primarily driven by the current value of real estate in the Rapid City area. While nearly 44.46% of residents own their homes outright in Rapid City, 29.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rapid City is $5,987 per month. Households that rent pay about 16.21% of their income on rent here. Rapid City's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Sulphur, SD: less expensive homes
- Rapid Valley, SD: less expensive homes
- Ashland Heights, SD: less expensive homes
- Black Hawk, SD: less expensive homes
- Box Elder, SD: less expensive homes
- Johnson Siding, SD: higher priced homes
- Summerset, SD: equally priced homes
- Ellsworth Afb, SD: less expensive homes
- Piedmont, SD: equally priced homes
- Bethlehem, SD: equally priced homes
Cities with Similar Populations
- Pomona, CA: higher priced homes
- Ponce, PR: less expensive homes
- Pompano Beach, FL: equally priced homes
- Oxnard, CA: higher priced homes
- Pacoima, CA: higher priced homes
- Pawtucket, RI: equally priced homes
- Pasadena, TX: less expensive homes
- Parker, CO: higher priced homes
- Palm Bay, FL: less expensive homes
- Parma, OH: less expensive homes
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