Rapid City, SD metro area Housing Market Brief
metro · SD · score computed October 2026
What is Rapid City, SD metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 4 of 5 (population 112,714–277,881) · comparable within its band
Where is Rapid City, SD metro area in its market cycle?
Rapid City, SD metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Rapid City, SD metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Rapid City, SD metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $392K | ▲ +8.7% | Redfin |
| Median Days on Market | 73 days | ▼ -8.7% | Redfin |
| Months of Supply | 4.0 | ▼ -28.6% | Redfin |
| Homes for Sale | 656 | ▼ -22.4% | Redfin |
| Homes Sold | 162 | ▲ +6.6% | Redfin |
| Median Price / Sq Ft | $221 | ▲ +5.8% | Redfin |
How has Rapid City, SD metro area’s Alpha Score moved?
Markets like Rapid City, SD metro area
- Cookeville, TN metro area, TNmetro51
- Forest City, NC metro area, NCmetro46
- Morehead City, NC metro area, NCmetro48
- Tullahoma, TN metro area, TNmetro54
- Frederick, MD metro area, MDmetro34
- Ogden, UT metro area, UTmetro44
- Kennewick, WA metro area, WAmetro45
- Laconia, NH metro area, NHmetro55
- Yuba City, CA metro area, CAmetro37
- Pocatello, ID metro area, IDmetro48
Frequently asked questions
Is Rapid City, SD metro area a buyer's or seller's market?
In the scores computed October 2026, Rapid City, SD metro area is classified as a Balanced Market, based on its Alpha Score of 45 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Rapid City, SD metro area?
The median sale price in Rapid City, SD metro area is $392K, having risen 8.7% over the past year, according to Redfin.
How affordable is Rapid City, SD metro area?
Rapid City, SD metro area scores 26 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Rapid City, SD metro area's Alpha Score?
Rapid City, SD metro area's strongest dimension is Inventory Health (79/100) and its weakest is Rental Yield (22/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Rapid City, SD metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.