Market Intelligence · SD / Rapid City

Rapid City, SD 57702 Housing Market

In Rapid City's 57702 ZIP, the typical home value stands at $451,766, up 3.0% over the past year. The median list price is $564,900, with homes spending a median of 51 days on the market as of September 2026.

Updated September 2026Median value$452K

The median home value in Rapid City, SD 57702 is $452K as of September 2026, up 3.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 57702 range

$416K to $488K

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

+3.0% over 12 months

Sep 2025$439K

Low $439KHigh $452K

Sep 2026$452K

The numbers

What is the 57702 housing market like?

As of September 2026

Typical home value

$452K

3.0%YoY

Median list price

$565K

5.1%MoM

Days on market

5.6%MoM

Homes for sale

166

7.1%MoM

Price cuts

23.3%

55.1%MoM

New listings

13.9%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

57702 housing market forecast 2027

+2.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 57702 to rise 2.9% by September 2027.

Over the 12 months through September 2026, typical home values in 57702 rose 3.0%, per the Zillow Home Value Index.

Will home prices drop in 57702?

Zillow's forecast does not call for a drop: it expects typical home values in 57702 to rise 2.9% by September 2027, after a 3.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 57702 home prices compare?

57702$451,766
Rapid City$359,948
South Dakota$298,556
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Rapid City: 3 ZIPs; South Dakota: 145 ZIPs; United States: 26,262 ZIPs).

Context

The 57702 market shows moderate activity, with 166 homes currently for sale and 62 new listings arriving in September 2026. However, price cuts are appearing more often, with 23.3% of listings having reduced their asking price. The median time on market of 51 days suggests properties are taking a few weeks to move. For sellers, this mix of steady value growth alongside increased price reductions means the market is cooling from what it may have been, and pricing strategically from day one matters.

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Common questions

What people ask us.

What is a typical home worth in Rapid City's 57702 ZIP?

The typical home value in this ZIP is $451,766, up 3.0% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 51 as of September 2026.

How many homes are currently for sale in 57702?

There are 166 homes for sale as of September 2026.

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