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Market Intelligence · SD / Pennington County

Rapid City, SD housing market

3 ZIP markets liveData updated August 2026Typical value$359K1-yr changeUp2.5%

The median home value in Rapid City, SD is $359K as of August 2026, up 2.5% 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, August 2026
$359K
1-yr changeMedian across Rapid City ZIPs
+2.5%
ZIP markets live4 tracked in Rapid City
3
County
Pennington County

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12-month value trend

+2.5% over 12 months

Typical home value in Rapid City over the last 12 months: $350K in Aug 2025 to $359K in Aug 2026 (+2.5%).

Aug 2025$350K

Aug 2026$359K

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

Context

Zillow's home value index puts the typical Rapid City home at $358,905 as of August 2026, a 12-month move of +2.5%. Turning to what is for sale, Realtor.com counts 433 homes on the market, 176 newly listed, and a median asking price of $399,900 as of August 2026. Listings sit a median 54 days before selling, with 15.2% 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?

Typical home value

$359K

Up2.5%YoY

Median list price

$400K

Days on market

54

Homes for sale

433

Price cuts

15.2%

New listings

176

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 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 August 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, August 2026

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Top real estate agents in Rapid City, SD

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Nearby markets

More South Dakota housing markets.

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