Explore US City Rapid City, SD - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
N/A
Cap Rate
2%
Investor Friendly Score
62%
Median Price
$230,000

Market Insights

The present housing market in Rapid City is down with high active listings and low sales volume. Home prices have decreased 31.3% in the past month. With 4.3 months of supply, Rapid City's inventory levels remain relatively tight. Homes are now taking an average of 130 days to sell, significantly longer than the 42 days typical for this market. Only 7.7% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Rapid City market with the affordability index at 35.8. Based on current market indicators, home prices in Rapid City are projected to increase by approximately 68.1% over the next month.

Demographics market for - Rapid City, SD

Total Population -

66,683

Rapid City, SD has a total population of 72,396 residents. The area is predominantly White (83.5%), The area has a more homogeneous population distribution. With a mid-sized population, Rapid City, SD provides a good balance of community feel and urban amenities.

White Race

91%

African American Race

2%

Mexican5% (5% of total population)
Puerto Rican1% (1% of total population)
Cuban0% (0% of total population)
Dominican0% (0% of total population)
Salvadoran0%
Costa Rican0%
Gautemalan0% (0% of total population)
Honduran0% (0% of total population)
Nicaraguan0%
Panamanian0%
Argentinean0%
Bolivian0%
Chilean0%
Colombian0% (0% of total population)
Ecuadorian0%
Peruvian0% (0% of total population)
Uruguyan0%
Venezuelan0%

Indian0% (0% of total population)
Bangladeshi0%
Chinese0% (0% of total population)
Bhutanese0%
Burmese0% (0% of total population)
Filipino1% (1% of total population)
Hmong0%
Indonesian0% (0% of total population)
Japanese0% (0% of total population)
Korean0% (0% of total population)
Laotian0%
Malaysian0%
Mongolian0%
Nepalese0% (0% of total population)
Pakistani0%
Srilankan0%
Taiwanese0%
Pakistani0%
Srilankan0%
Taiwanese0%
Thai0% (0% of total population)
Vietnamese0% (0% of total population)

Hawaiian0% (0% of total population)
Samoan0%
Chamorro0% (0% of total population)
Fijian0%
Marshallese0% (0% of total population)

Crime for City - Rapid City, SD

Crime analysis for Rapid City, SD shows 1,851 total incidents across all categories. The most prevalent crime type is Assault (47.8% of all incidents). This is followed by Property Crime at 34.1%. The overall crime rate in Rapid City, SD is relatively high, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.

Robbery18

Assault Offenses885

Stolen Property Offenses72
Larceny/Theft Offenses387
Destruction/Damage/Vandalism of Property111
Motor Vehicle Theft26
Burglary/Breaking & Entering36

Sex Offenses, Non-forcible1
Sex Offenses13
Sex Offenses2
Kidnapping/Abduction3
Kidnapping/Abduction1

Embezzlement5
Counterfeiting/Forgery16
Fraud Offenses271

Homicide Offenses4

Real Estate Market Prediction for - Rapid City, SD

Market predictions for Rapid City, SD show relatively stable home prices with minimal change (-1.3%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Rapid City, SD is approximately $381,394.243. The stable price trend suggests a balanced market in Rapid City, SD, suitable for both buyers and sellers.

City Hotspots Map

Rapid City, SD features 5 investment hotspots with varying levels of activity. The low average nightly rate of $67 indicates a budget-friendly market. The average rating of 3.9/5 indicates moderate guest satisfaction. With an average hotspot score of 0.73, these areas show good investment opportunities. The area features 38 hotels, offering limited but growing accommodation options.

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Nearby Cities From- Rapid City, SD

Rapid Valley, SD

Box Elder, SD

Ashland Heights, SD

Colonial Pine Hills, SD

Blackhawk, SD

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