Market Intelligence · SD / Rapid City

Rapid City, SD 57703 Housing Market

The typical home value in Rapid City, SD 57703 is $358,905, up 2.5% over the past year as of 2026-08-01. The median list price is $399,900, and homes are spending a median of 72 days on the market.

Updated August 2026Median value$359K

The median home value in Rapid City, SD 57703 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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Typical 57703 range

$330K to $388K

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

+2.5% over 12 months

Typical home value in 57703 over the last 12 months: $350K in Aug 2025 to $359K in Aug 2026 (+2.5%).

Aug 2025$350K

Aug 2026$359K

The numbers

What is the 57703 housing market like?

Typical home value

$359K

Up2.5%YoY

Median list price

$400K

Up2.3%MoM

Days on market

72

Up26.3%MoM

Homes for sale

126

Up3.3%MoM

Price cuts

15.2%

Up33.5%MoM

New listings

40

Up25.0%MoM

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

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The comparison

How do 57703 home prices compare?

  • 57703$358,905
  • Rapid City$358,905
  • South Dakota$302,982
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Rapid City: 3 ZIPs; South Dakota: 145 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 126 homes for sale in 57703, with 40 new listings added. The median list price is $399,900, above the typical home value of $358,905. Homes are taking a median of 72 days to sell, and 15.2% of listings have had a price cut. Values are still rising, up 2.5% over the past year, but buyers are taking their time. For a seller, the market supports a sale, but pricing right from the start matters more than it did in a faster market.

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20% · $71,781

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