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Today: September 22, 2025
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Rapid City Real Estate Forecast, Rapid City Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Rapid City a good investment? The median home price in Rapid City today: ▼ 347,515 USD (-4.291%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$347,515

1 Month Forecast

▲ $365,226

1-Year Forecast *

▲ $389,524

5-Year Forecast *

▲ $445,499

"Is it a good time to buy homes in Rapid City?" "Does investing in real estate in Rapid City (South Dakota State, Pennington County) worth it?" According to our live Forecast System, buying a house in Rapid City is a good short-term (1-year) investment*. The Rapid City average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Rapid City" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Rapid City in South Dakota State, Pennington County. If you are looking for homes for sale with good flipping profit, Rapid City can be a profitable property investment option. The median price of an average house in Rapid City was 347,515 USD on 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Rapid City" area is 445,499 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +28.20% meaning that investing 100000 USD today may yield a profit of 28,196 USD by 2030.

Current Median Listing Price: 347,515 USD Median Listing Price Per Square Foot: 193 USD

Rapid City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Rapid City (South Dakota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

The long-term housing forecast is based on all the available median listing price recorded up to today.

Rapid City Price Target

Rapid City median home price target in 12 months: $389,524* (upside of 12.1%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $363,514 $363,094 $363,094 $364,768
2024 $335,430 $347,515 $335,430 $347,515
2023 $326,954 $334,920 $326,907 $334,920
2022 $296,311 $327,017 $296,311 $327,497
2021 $248,544 $290,726 $248,544 $290,726
2020 $225,449 $245,578 $225,449 $245,578
2019 $209,214 $223,307 $209,214 $223,307
2018 $200,915 $207,801 $200,915 $207,801
2017 $190,660 $199,947 $190,660 $199,947
2016 $184,808 $189,963 $184,808 $189,963
2015 $176,155 $183,808 $176,155 $183,808
2014 $172,301 $176,064 $172,301 $176,363
2013 $164,077 $171,808 $164,077 $171,808
2012 $157,735 $165,052 $157,674 $166,753

Questions & Answers about the Rapid City Housing Market Forecast

How much does an average home cost in Rapid City today?

The value of an average home (the listing price) in Rapid City is $347,515 USD.

What is the average price per square foot in Rapid City?

According to Walletinvestor the median price per square foot in Rapid City is 193 USD.

Will the median listing price of homes in Rapid City grow / rise / go up?

Yes. The Rapid City home prices may rise from 347,515 USD to 389,524 USD in one year.

Is it profitable to invest in Rapid City homes?

Yes. The long-term profit potential is +12.09% in one year.

Will Rapid City house prices fall / drop?

No. See above.

What is the predicted price of a Rapid City home in 2030?

The predicted home sales price of a Rapid City home in 2030 in Rapid City is 445,499 USD.

What is the predicted price of a Rapid City home in 2035?

The predicted home sales price of a Rapid City home in 2035 in Rapid City is 546,607 USD.

Will real estate prices decrease in Rapid City?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Rapid City is the 502. largest city in the United States, located in South Dakota State.

During the last 12 months the real estate prices in Pennington, Rapid City increased, looking at the past 12 months.

According to Walletinvestor's Rapid City real estate market research, home values will increase in the next 12 months.

Median home values increased by 1.533% to 347,515 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 11.929% in 2020
  • 12.489% in 2021
  • 12.579% in 2022
  • 13.649% in 2023
  • 11.629% in 2024
  • 13.329% in 2025

Based on our Rapid City real estate market research and report the predicted sales prices will increase by 213.052% in the next 10 years.

Over the last 12 months, the value of homes in Rapid City fluctuated: increasing 7 times and decreasing 3 times.

Rapid City (South Dakota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Rapid City Housing Market Forecast with Real Estate Prices for 2025
August 2025 365226 330895 399558
September 2025 367371 331736 403006
October 2025 369529 341444 397613
November 2025 371699 344936 398461
December 2025 373882 353692 394071
Rapid City Housing Market Forecast with Real Estate Prices for 2026
January 2026 376077 353889 398266
February 2026 378286 343483 413088
March 2026 380507 358818 402196
April 2026 382742 355950 409534
May 2026 384989 349185 420793
June 2026 387250 357045 417456
July 2026 389524 365374 413675
August 2026 391812 353414 430210
September 2026 394113 363766 424460
October 2026 396427 375813 417042
November 2026 398755 368051 429460
December 2026 401097 371015 431179
Rapid City Housing Market Forecast with Real Estate Prices for 2027
January 2027 403453 375614 431291
February 2027 405822 383096 428548
March 2027 408205 368609 447801
April 2027 410602 380218 440987
May 2027 413014 387820 438208
June 2027 412970 374151 451789
July 2027 411768 371003 452534
August 2027 411162 370457 451867
September 2027 411525 371195 451854
October 2027 412571 382453 442688
November 2027 412490 376191 448790
December 2027 412431 388098 436765
Rapid City Housing Market Forecast with Real Estate Prices for 2028
January 2028 412619 387450 437789
February 2028 413719 392206 435233
March 2028 415158 377379 452938
April 2028 417303 382667 451939
May 2028 419519 398123 440914
June 2028 421339 379205 463473
July 2028 422132 390473 453792
August 2028 422158 385430 458886
September 2028 422361 388149 456572
October 2028 422541 387893 457189
November 2028 423185 394831 451538
December 2028 424217 396219 452215
Rapid City Housing Market Forecast with Real Estate Prices for 2029
January 2029 426151 391633 460669
February 2029 427602 387408 467797
March 2029 428221 387112 469330
April 2029 427883 385523 470244
May 2029 427942 399270 456614
June 2029 429451 404543 454359
July 2029 431811 398129 465492
August 2029 434346 406114 462579
September 2029 436248 394804 477692
October 2029 438248 413706 462789
November 2029 440821 415254 466389
December 2029 442118 418243 465992
Rapid City Housing Market Forecast with Real Estate Prices for 2030
January 2030 442241 399785 484696
February 2030 442343 398993 485692
March 2030 441850 398991 484710
April 2030 441083 407120 475046
May 2030 440313 409491 471134
June 2030 442898 404366 481431
July 2030 445499 404068 486931
August 2030 448116 423469 472762
September 2030 450747 418293 483201
October 2030 453394 418483 488306
November 2030 456057 425045 487069
December 2030 458735 423412 494058
Rapid City Housing Market Forecast with Real Estate Prices for 2031
January 2031 461429 436512 486346
February 2031 464139 422366 505911
March 2031 466864 443521 490208
April 2031 469606 429220 509992
May 2031 472364 445439 499289
June 2031 475138 451381 498895
July 2031 477928 446385 509471
August 2031 480735 436507 524962
September 2031 483558 435686 531430
October 2031 486398 462078 510718
November 2031 489254 454517 523991
December 2031 492127 444391 539864
Rapid City Housing Market Forecast with Real Estate Prices for 2032
January 2032 495017 450961 539074
February 2032 497924 459584 536265
March 2032 500848 468794 532903
April 2032 500796 470247 531344
May 2032 499338 466881 531795
June 2032 498603 465695 531510
July 2032 499043 454628 543458
August 2032 500311 469292 531330
September 2032 500214 453194 547234
October 2032 500142 463632 536653
November 2032 500370 457839 542902
December 2032 501704 473107 530301
Rapid City Housing Market Forecast with Real Estate Prices for 2033
January 2033 503449 453104 553794
February 2033 506050 462530 549570
March 2033 508737 462442 555032
April 2033 510945 485397 536492
May 2033 511907 468394 555419
June 2033 511938 480198 543678
July 2033 512183 461477 562889

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.