There are currently 29,353 real estate properties in Rapid City, SD, with a median automated valuation model (AVM) price of $241,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rapid City, SD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rapid City, SD, is $281,247.00, with the most expensive house in Rapid City, SD, topping out at $13,060,600.00 and the cheapest home in Rapid City, SD, clocking in at $40,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Rapid City, SD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rapid City, SD, is on a rollercoaster ride. The average rent price in Rapid City, SD, is $1,490.00. Indeed, when looking to rent in Rapid City, SD, you can expect to pay as little as $680.00 or as much as $4,240.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Rapid City, SD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Rapid City, SD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Rapid City, SD and much more. Save thousands at closing with home foreclosure listings in Rapid City, SD — up to 75% off market value!
Rapid City is located in Pennington, South Dakota, with an estimated municipal population of 77,503 residents. All of the best foreclosed homes for sale in Rapid City are located in the following zip code areas on Foreclosure.com: 57702 57703 57701. The estimated population per square kilometer (.62 miles) in Rapid City is 546.
So, about how much do homes cost in Rapid City? The most recent median value of resident-owned homes in Rapid City is 183,478. An estimated 61.8 percent of households in Rapid City own their homes, with an average family size of 3.03. The median household income in Rapid City is 52,351, with21 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rapid City, the median commute time of resident workers (in minutes) is 16.4. And last, but certainly not least, are you looking for homes to rent in Rapid City? If so, the average rent price paid by renters in Rapid City is 837, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Rapid City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Rapid City is 38, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Rapid City is 45.5, with an average family size of 3.03.
The percentage of residents who report their race in Rapid City is as follows:
|Black / African American||1.3%|
|American Indian / Alaskan Native||11.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Rapid City? Or maybe you are searching for 55+ active adult communities in and/or near Rapid City?
The percentage of residents who report their age in Rapid City is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Rapid City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rapid City.
How do you know that living in -- or moving to -- Rapid City is right where you need to be? Perhaps you grew up in Rapid City or already live nearby; therefore, the decision to buy a home in Rapid City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rapid City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Rapid City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rapid City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rapid City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rapid City, meanwhile, can field multiple offers from more qualified buyers.