Rapid City, SD

Population: 69,979
Average annual home appreciation rate: 4.97%
Total of homes for sale in this market:
Median home price: $158,172
Median Rent: $698 per room
Home price range: 50.03% of homes are between $103,001 – $206,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 58.36% of homes are single family detached
Number of vacant homes: 7.11%
Number of renters: 41.24%
Number of owner occupied: 58.76%
Number people living below poverty level: 16.12%
Unemployment rate: 3.80%
Is this area perfect for real estate deals going on right now? Rapid City has shown strength for home appreciation for well over a decade. Compared to the nation as a whole, it looks as though it will continue to do so. There are other hi-lites that could lead to opportunities for the savvy investor, but the overall lower home prices, and higher than average rental rates could already lead to a positive ROI.

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