Market Intelligence · SD / Pennington County

Rapid City, SD housing market

3 ZIP markets liveData updated June 2026Typical value$364K1-yr change2.3%

The median home value in Rapid City, SD is $364K as of June 2026, up 2.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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The coverage

Rapid City, by the numbers.

Typical home valueZillow ZHVI, June 2026: $364K
1-yr changeMedian across Rapid City ZIPs: +2.3%
ZIP markets live4 tracked in Rapid City: 3
County: Pennington County

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12-month value trend

+2.3% over 12 months

Jun 2025$356K

Low $355KHigh $365K

Jun 2026$364K

Median Zillow home value index across Rapid City's ZIP codes.

Context

Zillow's home value index puts the typical Rapid City home at $363,792 as of June 2026, a 12-month move of +2.3%. Turning to what is for sale, Realtor.com counts 377 homes on the market, 170 newly listed, and a median asking price of $394,500 as of June 2026. Listings sit a median 47 days before selling, with 16.6% of active homes cutting their price. Taken together, the numbers describe a steady market: values are holding their gains while buyers have room to negotiate on individual listings.

The numbers

What is the housing market like in Rapid City, SD?

As of June 2026

Typical home value

$364K

2.3%YoY

Median list price

$395K

Days on market

Homes for sale

377

Price cuts

16.6%

New listings

170

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026)

Figures reflect Rapid City's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

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Live markets

What ZIP codes are live in Rapid City?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of June 2026. 1-yr change compares it to the same ZIP a year earlier. We track 4 Rapid City ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, June 2026

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