Rapids City—61278
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rapids City
Rapids City lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rapids City
Rapids City lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rapids City
As of Oct '25, Realtor.com reports that the median days on market for a home in Rapids City is 117. This is a decrease of -47.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $207,000 | -65.0% |
Listing Count | 7 | 100.0% |
| Listings as % of Homes | N/A | 100.0% |
Days on Market | 117 | -47.0% |
Demographics — Rapids City
As of the latest ACS Survey released in 2023, Rapids City has a population of 671, which has increased by 40.1% over the past 5 years. Rapids City is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 671 | 40.1% |
% Under 18 | 19.1% | -37.0% |
% Seniors | 28.6% | 39.5% |
% WFH | 8.1% | 636.4% |
% w/ College Degree | 21.6% | -28.2% |
As of the latest ACS Survey released in 2023, Rapids City is a predominantly white area, with 83.9% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Rapids City is hispanic, making up 9.7% of the population. Foreign-born residents account for 2.5% of the population in Rapids City, and this percentage has decreased by 28.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.9% | -9.9% |
% Black | 0.1% | ∞% |
% Hispanic | 9.7% | 410.5% |
% Asian | 1.0% | -67.7% |
% Foreign Born | 2.5% | -28.6% |
Mortgage and Risk — Rapids City
Rapids City lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Rapids City
Rapids City lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | N/A | N/A | $1,160 |
| 3 Bedroom | N/A | N/A | $1,510 |
| 4 Bedroom | N/A | N/A | $1,790 |
Affordability — Rapids City
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $84,000 |