Rapid City, SD Real Estate

According to census data in the year 2000 there were 25,127 housing units in Rapid City. This represents a 11.5% growth from 22,530 in 1990.

Of those housing units, 24,101 were located in either urbanized areas or urban clusters, and 1,026 were located in what is classified as a rural area.

Homeownership rate in Rapid City is about 59.2%. Rapid City's vacancy rate, including seasonal lodging, is about 4.4%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Rapid City were built after 1971.


Housing Size

Housing Units by Size
Studio Type2.90%
One Bedroom15.20%
Two Bedrooms30.20%
Three Bedrooms33.40%
Four Bedrooms14.40%
Five Bedrooms or more3.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1969
Median Value of occupied units$89,700
Median Price asked for vacant units$104,200

Rented Homes, Apartments and Condos

Average Household Size2.14
Median year structure was built1972
Median Monthly Rent asked for vacant units$538

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage8.80%
Home Equity Loan6.90%
Simple Mortgage54.30%
Debt Free29.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%