Much like other places in this area, it's a little less expensive compared to the entire nation.
Home prices
The price of the median home in Rapid City is $184,700. It is about $8,917 (4%) lower compared to other places in this area.It is about $32,800 (15%) lower compared to the United States as a whole.
Rents
In Rapid City the median monthly rent is $837. This is roughly $86 (9%) lower compared to the surrounding areas.In comparison to the entire nation it is roughly $225 (21%) lower.
Nearby places
Rapid Valley
Rapid Valley is Rapid City's neighbor to the east. The housing prices there are a bit less expensive. The median home in Rapid Valley is valued at $161,100, which comes out to $23,600 (14%) lower than Rapid City. Rent there is fairly similar. Rapid Valley's median rent is $834 a month, which is very similar to Rapid City.
Box Elder
Box Elder is Rapid City's neighbor to the northeast. Its real estate prices are somewhat less expensive. Box Elder's median home cost is $160,700, which is $24,000 (14%) lower than Rapid City. The rent there is a little more expensive. In Box Elder the median rent is $991 a month, which is $154 (15%) higher than Rapid City.
Green Valley
Green Valley is about 5 miles southeast from Rapid City. The real estate prices there are a little less expensive. The median home price in Green Valley is $169,800, which comes out to $14,900 (8%) lower than Rapid City. Its rents are similar. Green Valley's median rent is $848 a month, which comes out to $11 (1%) higher than Rapid City.
Blackhawk
Blackhawk is about 6 miles northwest from Rapid City. Housing prices there are pretty similar. The median home in Blackhawk costs $179,200, which comes out to $5,500 (3%) lower than Rapid City. The rent there is a bit more expensive. The median monthly rent in Blackhawk is $954, which works out to $117 (12%) higher than Rapid City.
Summerset
Summerset is about 9 miles northwest of Rapid City. The real estate prices there are somewhat more expensive. The median home price in Summerset is $225,200, which comes out to $40,500 (17%) higher than Rapid City. Rent there is a little more expensive. Summerset's median monthly rent is $1,127, which works out to $290 (25%) higher than Rapid City.
Johnson Siding
Johnson Siding is approximately 9 miles west from Rapid City. Its real estate prices are a bit more expensive. The median home price in Johnson Siding is $265,700, which works out to $81,000 (30%) higher than Rapid City. Rents there are a little less expensive. The median monthly rent in Johnson Siding is $785, which comes out to $52 (6%) lower than Rapid City.