Rapid City, SD 57709 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Rapid City, SD — 57709
Median Listing Price
$355K
Population
--
Households
46,370
Median Days on Market
33
Active Listings
3
New Listings
0
Housing Market
Pricing
Median Listing Price
$355K
-- YoY
Average Listing Price
$365K
-- YoY
Price per Sq Ft
$303
-- YoY
Median Sq Ft
1,157
-- YoY
Inventory
Active Listings
3
-- YoY
New Listings
0
-- YoY
Total Listings
3
-- YoY
Buyer Competition
Pending Listings
--
-- YoY
Pending Ratio
--
-- YoY
Median Days on Market
33
-- YoY
Price Reduced
0.0%
-- YoY
Units & Occupancy
2024 Occupancy
52K
units
Occupied
46,370
89.7%
Vacant
5,311
10.3%
2024 Tenure
46K
occupied
Owner
32,125
69.3%
Renter
14,245
30.7%
Renter Share
30.7%
-0.6% YoY
Total Housing Units
51,681
+2.0% YoY
FY2026 Fair Market Rent — Pennington County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$921
/month
1 BR
$1,018
/month
2 BR
$1,336
/month
3 BR
$1,743
/month
4 BR
$2,178
/month
FMR Trends — Pennington County
Source: HUD Fair Market Rents
County Demographics
Median Age
40.1
2024
Population
Pennington County Population
115,979
+0.1% YoY
Households
Total Households
46,370
+1.5% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.37
0.0% YoY
Age
2024 Age Mix
114K
residents
Under 18
24,975
22.0%
Adults 18–64
65,667
57.9%
65 & Over
22,870
20.1%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
24,975
+0.2% YoY
Population 65 & Over
22,870
+4.0% YoY
Median Age
40.10
+1.0% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
83.3%
Moved (within US)
16.1%
Other
0.6%
Veterans
12.3%
-3.9% YoY
County Economy
Income
Median Household Income
$75K
+5.3% YoY
Per-Capita Income
$42K
+4.4% YoY
Mean Household Income
$99K
+4.0% YoY
Poverty
Below Poverty Level
11.2%
-6.7% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
77.4%
Public transit
0.2%
Worked from home
9.6%
Other
12.8%
Worked From Home
9.6%
-2.0% YoY
Mean Commute
19.40
+3.7% YoY
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