Rapid City, SD Foreclosures
How much do homes sell for in Rapid City, SD?
The average home price is currently $405,558.
In Rapid City, SD, how many homes are available?
There are currently 46 active home listings available in Rapid City.
What’s the average rental cost in Rapid City, SD?
The average rental price in Rapid City is $1,462.
What is the most expensive home in Rapid City?
The most expensive home sold in Rapid City had a price of $14,656,900.
What is currently the cheapest priced home in Rapid City, SD?
The cheapest home for sale in Rapid City is priced at $15,351.
Living in Rapid City, SD
Rapid City is a charming city located in the heart of the Black Hills of South Dakota. Known for its natural beauty and proximity to iconic landmarks such as Mount Rushmore, the city offers a blend of outdoor recreation and urban amenities. The local community embraces a laid-back lifestyle and has a rich history that can be explored at various museums and events throughout the year.
Current Market Conditions in Rapid City, SD
The current real estate market in Rapid City is characterized by a steady increase in home values, driven by the city's growing population and the influx of new residents attracted to the area's natural charm and recreational opportunities. The median sales price for single-family homes has seen a significant rise, with buyers competing for properties in both desirable neighborhoods and emerging areas. Homes are generally selling quickly, indicating a seller's market, largely due to low inventory levels and high demand from both local and out-of-state buyers, making it an excellent time for homeowners to consider listing their properties.
Investors are also finding Rapid City an appealing market due to the strong rental demand, especially from professionals and families seeking temporary housing while relocating. The rental market has remained robust, and with expanding job opportunities in the area, the trend is likely to continue.
Home Value Estimator For Rapid City, SD
There are currently 32,326 real estate properties
in Rapid City, SD,
with a median automated valuation model (AVM) price
of $333,922.00. 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 $405,558.00, with the most expensive house
in Rapid City, SD, topping out
at $14,656,900.00 and the cheapest home
in Rapid City, SD,
clocking in at $15,351.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rapid City, SD!
Rent Prices
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 $1,462.00. Indeed, when looking to rent in
Rapid City, SD, you can expect to pay as little
as $670.00 or as much
as $4,240.00,
with the average rent median estimated to
be $1,430.00. 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.
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