Rapid City, SD

Rapid City, SD real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation

: 4.1%/yr.

Rent growth

: 3.4%/yr.

Median cap rate

: 2.7%.

Median IRR

: 3.7%.

Median rental home value

: $345,300.

Median rental rate

: $1,140/mo.

Median property tax

: $3,211/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated October 2026.

Browse analyzed properties in Rapid City, SD →

Top listings right now

402 S B Ave, New Underwood, SD 57761 $300,000· 3 bd· 2 ba
114 E Oak St, New Underwood, SD 57761 $285,000· 4 bd· 2 ba
105 Janklow Ave, New Underwood, SD 57761 $349,900· 4 bd· 2 ba
6317 Northdale Dr, Black Hawk, SD 57718 $295,000· 4 bd· 2 ba
115 Indiana St, Rapid City, SD 57701 $289,900· 4 bd· 2 ba
716 Old Cavalry Rd, Box Elder, SD 57719 $299,000· 4 bd· 3 ba
114 E Oak E Oak St, New Underwood, SD $285,000· 4 bd· 2 ba
4852 Bonnie Ln, Rapid City, SD 57703 $310,000· 4 bd· 2 ba
1648 Minuteman Dr, Rapid City, SD 57701 $305,000· 4 bd· 2 ba
629 Charger Ct, Rapid City, SD 57701 $299,000· 4 bd· 2 ba
520 Bluebird Dr, Box Elder, SD 57719 $320,000· 4 bd· 2 ba
445 Yelner Dr, Box Elder, SD 57719 $389,900· 4 bd· 3 ba
416 Nighthawk Dr, Box Elder, SD 57719 $389,900· 4 bd· 3 ba
138 E Centennial St, Rapid City, SD 57701 $329,900· 4 bd· 2 ba
1423 Aurora Dr, Rapid City, SD 57703 $330,000· 4 bd· 2 ba
632 Indiana St, Rapid City, SD 57701 $335,000· 4 bd· 2 ba
810 Sycamore St, Rapid City, SD 57701 $346,900· 4 bd· 2 ba
740 Bear Tooth Ct, Box Elder, SD 57719 $345,000· 4 bd· 2 ba
1240 Kenai Dr, Box Elder, SD 57719 $399,000· 4 bd· 2 ba
3601 Wisconsin Ave, Rapid City, SD 57701 $325,000· 4 bd· 2 ba

ZIP codes in Rapid City, SD

Rental market data for every ZIP code in this metro area.