Home prices
The median home in Rapid Valley costs $161,100. It is about $39,020 (19%) lower in comparison to the surrounding areas.Compared to the United States as a whole it is roughly $56,400 (25%) lower, and in comparison to the city of Rapid City it is about $23,600 (12%) lower.
Rents
Rapid Valley's median monthly rent is $834. It is approximately $107 (11%) lower in comparison to its surrounding areas.It is roughly $228 (21%) lower in comparison to the US as a whole, and compared to the city of Rapid City it is is very similar.
Nearby places
Green Valley
Green Valley is Rapid Valley's neighbor to the south. The housing prices there are a bit more expensive. The median home in Green Valley is valued at $169,800, which works out to $8,700 (5%) higher than Rapid Valley. Its rents are similar. Green Valley's median monthly rent is $848, which works out to $14 (1%) higher than Rapid Valley.
Box Elder
Box Elder is Rapid Valley's neighbor to the northeast. Housing prices there are similar. The median home in Box Elder is valued at $160,700, which is very similar to Rapid Valley. Rents there are somewhat more expensive. The median monthly rent in Box Elder is $991, which works out to $157 (15%) higher than Rapid Valley.
Blackhawk
Blackhawk is roughly 10 miles northwest of Rapid Valley. The real estate prices there are a bit more expensive. The median home value in Blackhawk is $179,200, which works out to $18,100 (10%) higher than Rapid Valley. The rent there is somewhat more expensive. Blackhawk's median rent is $954 a month, which works out to $120 (12%) higher than Rapid Valley.
Summerset
Summerset is about 12 miles northwest from Rapid Valley. Real estate prices there are a little more expensive. Summerset's median home value is $225,200, which works out to $64,100 (28%) higher than Rapid Valley. The rent there is a bit more expensive. In Summerset the median monthly rent is $1,127, which comes out to $293 (25%) higher than Rapid Valley.
Johnson Siding
Johnson Siding is roughly 13 miles west of Rapid Valley. Real estate prices there are a lot more expensive. The median home in Johnson Siding costs $265,700, which works out to $104,600 (39%) higher than Rapid Valley. The rent there is a little less expensive. In Johnson Siding the median rent is $785 per month, which works out to $49 (6%) lower than Rapid Valley.
