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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 15.20% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $89,700 |
| Median Price asked for vacant units | $104,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $538 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 54.30% |
| Debt Free | 29.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
