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

Pulse Score
C+
Cap Rate
1.78%
Investor Friendly Score
62.00%
Median Price
$353,750

Market Insights

The Rapid City housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 16.0% in the past month alone. With 3.8 months of supply, Rapid City's inventory levels remain relatively tight. Homes are taking about 56 days to sell, which is 1 days longer than this time last year. A significant 21.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.8% 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 23.3. Based on current market indicators, home prices in Rapid City are projected to decrease by approximately 4.9% over the next month.

Demographics market for - Rapid City, SD

Total Population -

66,683

White Population

90.60%

Black Population

1.71%

Mexican79.06% (4.61% of total population)
Puerto Rican8.89% (0.52% of total population)
Cuban0.41% (0.02% of total population)
Dominican2.21% (0.13% of total population)
Salvadoran0%
Costa Rican0%
Gautemalan0.31% (0.02% of total population)
Honduran0.28% (0.02% of total population)
Nicaraguan0%
Panamanian0%
Argentinean0%
Bolivian0%
Chilean0%
Colombian0.44% (0.03% of total population)
Ecuadorian0%
Peruvian8.40% (0.49% of total population)
Uruguyan0%
Venezuelan0%

Indian 2.13% (0.12% of total population)
Bangladeshi 0%
Chinese 6.68% (0.39% of total population)
Bhutanese 0%
Burmese 2.11% (0.12% of total population)
Filipino 10.15% (0.59% of total population)
Hmong 0%
Indonesian 0.39% (0.02% of total population)
Japanese 1.88% (0.11% of total population)
Korean 4.29% (0.25% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0.67% (0.04% of total population)
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Thai 0.67% (0.04% of total population)
Vietnamese 0.77% (0.04% of total population)

Hawaiian1.03% (0.06% of total population)
Samoan0%
Chamorro0.18% (0.01% of total population)
Fijian0%
Marshallese0.69% (0.04% of total population)

Crime for - Rapid City, SD

Robbery100.00%

Assault Offenses100.00%

Stolen Property Offenses11.39%
Larceny/Theft Offenses61.23%
Destruction/Damage/Vandalism of Property17.56%
Motor Vehicle Theft4.11%
Burglary/Breaking & Entering5.70%

Sex Offenses, Non-forcible5.00%
Sex Offenses65.00%
Sex Offenses10.00%
Kidnapping/Abduction15.00%
Kidnapping/Abduction5.00%

Embezzlement1.71%
Counterfeiting/Forgery5.48%
Fraud Offenses92.81%

Homicide Offenses100.00%

Real Estate Market Prediction for - Rapid City, SD

City Hotspots

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Nearby Cities From- Rapid City, SD

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