Market Intelligence · SD / Rapid City

Rapid City, SD 57703 Housing Market

Rapid City's 57703 ZIP code has typical home values around $359,948, up 2.3% over the past year. The median list price stands at $394,998, with homes taking 88 days to sell on average.

Updated September 2026Median value$360K

The median home value in Rapid City, SD 57703 is $360K as of September 2026, up 2.3% 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 57703 range

$331K to $389K

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

+2.3% over 12 months

Sep 2025$352K

Low $352KHigh $360K

Sep 2026$360K

The numbers

What is the 57703 housing market like?

As of September 2026

Typical home value

$360K

2.3%YoY

Median list price

$395K

1.2%MoM

Days on market

22.2%MoM

Homes for sale

130

3.2%MoM

Price cuts

16.0%

5.3%MoM

New listings

5.0%MoM

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

The outlook

57703 housing market forecast 2027

+2.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 57703 to rise 2.8% by September 2027.

Over the 12 months through September 2026, typical home values in 57703 rose 2.3%, per the Zillow Home Value Index.

Will home prices drop in 57703?

Zillow's forecast does not call for a drop: it expects typical home values in 57703 to rise 2.8% by September 2027, after a 2.3% 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 57703 home prices compare?

57703$359,948
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

September 2026 shows 130 homes for sale in 57703, with 38 new listings entering the market. About 16.0% of active listings have seen price reductions. The median time on market of 88 days suggests a buyer-leaning environment where properties are not moving quickly. For sellers, this means pricing competitively and presenting your home in the best light will matter more than it did during faster markets.

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Down payment20% · $71,990

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Common questions

What people ask us.

What is the typical home value in Rapid City's 57703 ZIP code?

Typical home values are $359,948, which represents a 2.3% increase over the past year.

How many homes are currently for sale in 57703?

There are 130 homes for sale as of September 2026, with 38 new listings added during the period.

How long do homes typically stay on the market in this area?

The median days on market is 88, suggesting homes take over three months to sell on average.

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