21 homes sold in Rapid City in the last year, at a typical $360K
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 Rapid City homes are listed.
Every place Rapid City homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Rapid City.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Rapid City’s sales, at a typical $360K
21 homes sold in the year to May 2026.
typical sale · 21 sold in 12 months
- Per square foot
- $241MI $172
- Days to sell
- 66
- Sold over asking
- 10%
- Listings with a price cut
- 29%
About as many homes sell as usual, at 2.5 times the 2016 price
21 sales in the last year, against 29 in 2016 and a low of 18 in 2014. The typical sale went from $142K in 2016 to $360K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Rapid City
Check a listing against what Rapid 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.
Owning the typical Rapid City home costs about $2,154 a month
Price: Rapid City’s typical sale, last 12 months. Property tax at Rapid City’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Rapid City is affordable on local pay is on Cost of living.
Four things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $360K home, about $3,300 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Rapid City.
Work & commuteCheck 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 hazardsLook 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.
Kalkaska, Kingsley and Grawn sell for less a square foot; Traverse City for far more
The busier markets within 25 miles of Rapid City, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Traverse City | 362 | $406K | $358 | 16% | 74 |
| Kalkaska | 34 | $191K | $172 | 29% | 75 |
| Greilickville | 33 | $509K | $257 | 27% | 61 |
| Kingsley | 31 | $358K | $216 | 23% | 63 |
| Chums Corner | 30 | $493K | $260 | 17% | 48 |
| Grawn | 25 | $252K | $222 | 24% | 47 |
| Rapid City | 21 | $360K | $241 | 10% | 66 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Rapid City, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Rapid City. People who follow the town see it, and so do people comparing Rapid City with their own town. No commission, no listing fee.
Questions about buying a home in Rapid City
What do homes sell for in Rapid City, MI?
21 homes sold in the year to May 2026 at a typical $360K, $241 a square foot.
Is Rapid City a buyer’s or seller’s market?
A balanced market: 9 homes were for sale in May 2026 and 2 sold, about 4.5 months of supply. Buyers paid 98.1% of asking on average, and 29% of listings cut their price.
How much are property taxes in Rapid City?
About 0.9% of a home’s value a year. On a $360K home that’s near $3,300.
Where can I see homes for sale in Rapid City?
Zillow, Redfin, Realtor.com and Homes.com all carry Rapid City’s MLS listings; the search links above open each one filtered to Rapid 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).