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 Units by Size|
|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
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||6.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.9%|