Rapid City, SD metro area Housing Market Brief
metro · SD · as of August 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 Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Rapid City, SD metro area?
Our model forecasts Rapid City, SD metro area’s home prices to rise about 1.2% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Rapid City, SD metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $384K | ▲ +5.2% |
| Median Days on Market | 50 days | 0% |
| Months of Supply | 4.6 | ▲ +4.6% |
| Homes for Sale | 816 | ▼ -5.9% |
| Homes Sold | 184 | ▼ -9.4% |
| Median Price / Sq Ft | $213 | ▲ +0.8% |
How has Rapid City, SD metro area’s Alpha Score moved?
Markets like Rapid City, SD metro area
- Lexington, KY metro area, KYmetro46
- Richmond, VA metro area, VAmetro47
- Morgantown, WV metro area, WVmetro51
- New Bern, NC metro area, NCmetro45
- Springfield, MA metro area, MAmetro44
- Yuma, AZ metro area, AZmetro44
- Staunton, VA metro area, VAmetro51
- Dover, DE metro area, DEmetro49
- Manchester, NH metro area, NHmetro49
- Kingston, NY metro area, NYmetro45
Frequently asked questions
Is Rapid City, SD metro area a buyer's or seller's market?
As of August 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 $384K, having risen 5.2% over the past year.
How affordable is Rapid City, SD metro area?
Rapid City, SD metro area scores 28 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 (71/100) and its weakest is Affordability (28/100). 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.