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These days, finding an affordable place to live in the Rapid Valley area can be challenging. Home prices in Rapid Valley are now at a median cost of $271,274, higher than the South Dakota average of $268,202.
The average cost of rent is $1,368/mo in Rapid Valley, primarily driven by the current value of real estate in the Rapid Valley area. In Rapid Valley, 15.41% of households rent, and 36.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rapid Valley is $6,923 per month. Households that rent pay about 19.76% of their income on rent here. Rapid Valley’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ashland Heights, SD: less expensive homes
- Box Elder, SD: higher priced homes
- Rapid City, SD: higher priced homes
- Sulphur, SD: higher priced homes
- Ellsworth Afb, SD: equally priced homes
- Farmingdale, SD: higher priced homes
- Caputa, SD: higher priced homes
- Black Hawk, SD: equally priced homes
- Summerset, SD: higher priced homes
- Johnson Siding, SD: higher priced homes
Cities with Similar Populations
- Beverly Hills, MI: higher priced homes
- Whippany, NJ: higher priced homes
- Bonadelle Ranchos-Madera Ranchos, CA: higher priced homes
- Bohemia, NY: higher priced homes
- Bogota, NJ: higher priced homes
- Blue Ridge, GA: higher priced homes
- Bladensburg, MD: higher priced homes
- Blackstone, MA: higher priced homes
- Blacksburg, SC: less expensive homes
- Bithlo, FL: higher priced homes
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