Market Intelligence · SD / Rapid City

Rapid City, SD 57701 Housing Market

The typical home value in Rapid City's 57701 ZIP code is $306,313, up 1.3% over the past year. The median list price is $382,450, and homes are taking a median of 47 days on market as of June 2026.

Updated June 2026Median value$306K

The median home value in Rapid City, SD 57701 is $306K as of June 2026, up 1.3% 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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Typical 57701 range

$282K to $331K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.3% over 12 months

Typical home value in 57701 over the last 12 months: $302K in Jun 2025 to $306K in Jun 2026 (+1.3%).

Jun 2025$302K

Jun 2026$306K

The numbers

What is the 57701 housing market like?

Typical home value

$306K

Up1.3%YoY

Median list price

$382K

Days on market

47

Down30.9%MoM

Homes for sale

129

Price cuts

16.6%

New listings

74

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

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The comparison

How do 57701 home prices compare?

  • 57701$306,313
  • Rapid City$363,792
  • South Dakota$306,313
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Rapid City: 3 ZIPs; South Dakota: 145 ZIPs; United States: 26,270 ZIPs).

Context

In 57701, there were 129 homes for sale as of June 1, 2026, with 74 new listings coming onto the market. The median list price sits at $382,450, while the typical home value is $306,313, up 1.3% over the past year. Homes are spending a median of 47 days on market, and 16.6% of listings have had a price cut. If you are weighing a sale, expect a market that is moving at a measured pace and price your home carefully from the start.

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