Rapid City, SD metro area Housing Market Brief
metro · as of May 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.
Where is Rapid City, SD metro area in its market cycle?
Rapid City, SD metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Rapid City, SD metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $379K | ▲ +2.7% |
| Median Days on Market | 60 days | ▼ -10.4% |
| Months of Supply | 3.8 | ▼ -11.6% |
| Homes for Sale | 746 | ▼ -9.4% |
| Homes Sold | 196 | ▲ +2.1% |
| Median Price / Sq Ft | $214 | ▲ +3.6% |
| Sale-to-List Ratio | 98.5% | ▼ -0.3% |
How has Rapid City, SD metro area’s Alpha Score moved?
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Frequently asked questions
Is Rapid City, SD metro area a buyer's or seller's market?
As of May 2026, Rapid City, SD metro area is classified as a Balanced Market, based on its Alpha Score of 49 out of 100. The classification reflects current price, inventory, 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 $379K, having risen 2.7% over the past year.
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 Price Momentum (70/100) and its weakest is Affordability (26/100). 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.