Rapid City, SD

Metro area in South Dakota · Updated Jan 2026

12-Month Forecast ↑ +2.6%

Median Home Value

$360,342

↑ +2.2%

Year-over-year

Median Rent

$1,320/mo

↑ +2.2%

Year-over-year

Rental Yield

4.4%

Average yield

5-Year Appreciation

+43.0%

Income Needed to Buy

$95,661

20% down, 30% DTI max

Active Listings

477

For-sale inventory

Price-to-Rent Ratio

22.7

Favors renting

Price Forecast

1 Month

↑ +0.4%

3 Months

↑ +1.0%

12 Months

↑ +2.6%

5-Year Price Trend

Calculate your mortgage for Rapid City, SD

See monthly payments for a $360,342 home →

Should you rent or buy in Rapid City, SD?

Price-to-rent ratio: 22.7x — Renting may be smarter. Run a full breakeven analysis with Rapid City, SD numbers pre-filled →

Frequently Asked Questions