Rapid Valley, SD Real Estate

According to census data in the year 2000 there were 2,475 housing units in Rapid Valley. This represents a 18.2% growth from 2,094 in 1990.

Of those housing units, 2,096 were located in either urbanized areas or urban clusters, and 379 were located in what is classified as a rural area.

Homeownership rate in Rapid Valley is about 85.4%. Rapid Valley's vacancy rate, including seasonal lodging, is about 2.6%. Average household size is 2.93 people.

The majority of houses, apartments or condos in Rapid Valley were built after 1980.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.20%
Two Bedrooms22.70%
Three Bedrooms52.80%
Four Bedrooms17.90%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.97
Median year structure was built1982
Median Value of occupied units$79,400
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1974

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage11.50%
Home Equity Loan6.50%
Simple Mortgage68.30%
Debt Free13.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.8%