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Rapid City Housing Market

$360,278

3.2% 1-yr

The average Rapid City home value is $360,278, up 3.2% over the past year and goes to pending in around 27 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Rapid City Key Takeaways

Typical Home Values: $360,278

1-year Value Change: +3.2%

(Data through March 31, 2025)

Rapid City Housing Market Overview

--1-year Market Forecast
396For sale inventory(March 31, 2025)
119New listings(March 31, 2025)
0.983Median sale to list ratio(February 28, 2025)
$340,667Median sale price(February 28, 2025)
$407,167Median list price(March 31, 2025)
10.7%Percent of sales over list price(February 28, 2025)
69.4%Percent of sales under list price(February 28, 2025)
27Median days to pending(March 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Wasta

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Rapid City Rental Market Trends

$1,284Average rent in Rapid City(March 31, 2025)
$2,005National average rent(March 31, 2025)
0.7%Month-over-month change(March 31, 2025)
5.4%Year-over-year change(March 31, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

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