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Rapid CIty, IllinoisPhoto: Farragutful · CC BY-SA 4.0
Housing in Rapids City

17 homes sold in Rapids City in the last year, at a typical $374K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Rapids City homes are listed.

Homes sold
17
April 2025 to March 2026
Typical sale price
$374K
median, weighted by sales
Price per square foot
$161
Illinois $191
Paid vs. asking
99.9%
41% sold over asking
What sold · last 12 months

Houses are 94% of Rapids City’s sales, at a typical $359K

17 homes sold in the year to March 2026.

Houses$359K

typical sale · 16 sold in 12 months

Per square foot
$161IL $178
Days to sell
87
Sold over asking
44%
Listings with a price cut
33%
Fewer sales

Townhouses: 1 sold, typical $620K

Too few sales in 12 months for reliable figures.

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $350K buys in Rapids City

Houseat $161 a sq ft
The same money in Illinoisat $178 a sq ft

Is this asking price fair?

Check a listing against what Rapids City homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

Rent or buy?

Owning the typical Rapids City home costs about $2,595 a month

Mortgage
Property tax
Insurance
Rent

Price: Rapids City’s typical sale, last 12 months. Property tax at Rapids City’s 2.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Rapids City is affordable on local pay is on Cost of living.

Before you buy in Rapids City

Four things worth knowing

2.1%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $374K home, about $7,730 a year.

Taxes vs. neighbors
21 min

Typical commute

The average one-way trip to work for people who live in Rapids City.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Rapids City, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Rapids City. People who follow the town see it, and so do people comparing Rapids City with their own town. No commission, no listing fee.

Questions about buying a home in Rapids City

What do homes sell for in Rapids City, IL?

17 homes sold in the year to March 2026 at a typical $374K, $161 a square foot.

How much are property taxes in Rapids City?

About 2.1% of a home’s value a year. On a $374K home that’s near $7,730.

Where can I see homes for sale in Rapids City?

Zillow, Redfin, Realtor.com and Homes.com all carry Rapids City’s MLS listings; the search links above open each one filtered to Rapids City.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).