Rapid City, SD Metro Area - Investment Guide
Metro Area • 12 Cities • 15 ZIP Codes
Avg Home Value
$425,347
Avg Monthly Rent
$1,171
Avg Cap Rate
2.26%
Avg Investability
2.9 ★
Cities
12
ZIP Codes
15
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
❄️
COOL MARKET
Rapid City, SD Metro Area
More inventory, negotiating room for buyers
60 days
Average time to sell
Average
10.8%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Rapid City, SD
Every ZIP in the metro, ranked four ways. Free.
Cities in Rapid City, SD
Blackhawk
South Dakota
1 ZIPs
Box Elder
South Dakota
1 ZIPs
Custer
South Dakota
1 ZIPs
Faith
South Dakota
1 ZIPs
Hermosa
South Dakota
1 ZIPs
Hill City
South Dakota
1 ZIPs
Keystone
South Dakota
1 ZIPs
New Underwood
South Dakota
1 ZIPs
Piedmont
South Dakota
1 ZIPs
Rapid City
South Dakota
4 ZIPs
Sturgis
South Dakota
2 ZIPs
Wall
South Dakota
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 57744 | Hermosa | SD | $620,357 | $1,152 | 1.45% | |
| 57785 | Sturgis | SD | $381,973 | $891 | 1.82% | |
| 57703 | Rapid City | SD | $350,175 | $1,536 | 3.42% | |
| 57718 | Blackhawk | SD | $368,740 | $1,107 | 2.34% | |
| 57745 | Hill City | SD | $480,294 | $1,170 | 1.90% | |
| 57790 | Wall | SD | $305,472 | $909 | 2.32% | |
| 57793 | Sturgis | SD | $433,064 | $909 | 1.64% | |
| 57719 | Box Elder | SD | $359,010 | $1,451 | 3.15% | |
| 57751 | Keystone | SD | $537,747 | $909 | 1.32% | |
| 57761 | New Underwood | SD | $427,118 | $954 | 1.74% | |
| 57701 | Rapid City | SD | $302,884 | $1,314 | 3.38% | |
| 57730 | Custer | SD | $479,025 | $1,053 | 1.71% | |
| 57744 | Hermosa | SD | $622,954 | $1,152 | 1.44% | |
| 57769 | Piedmont | SD | $484,459 | $1,224 | 1.97% | |
| 57702 | Rapid City | SD | $452,487 | $1,325 | 2.28% | |
| 57745 | Hill City | SD | $465,364 | $1,170 | 1.96% | |
| 57785 | Sturgis | SD | $390,092 | $891 | 1.78% | |
| 57703 | Rapid City | SD | $359,453 | $1,576 | 3.42% | |
| 57718 | Blackhawk | SD | $374,889 | $1,107 | 2.30% | |
| 57751 | Keystone | SD | $516,891 | $909 | 1.37% | |
| 57790 | Wall | SD | $321,904 | $909 | 2.20% | |
| 57793 | Sturgis | SD | $445,114 | $909 | 1.59% | |
| 57719 | Box Elder | SD | $368,071 | $1,473 | 3.12% | |
| 57761 | New Underwood | SD | $398,490 | $954 | 1.87% | |
| 57769 | Piedmont | SD | $476,076 | $1,224 | 2.01% | |
| 57701 | Rapid City | SD | $306,548 | $1,474 | 3.75% | |
| 57730 | Custer | SD | $484,164 | $1,053 | 1.70% | |
| 57744 | Hermosa | SD | $612,975 | $1,152 | 1.47% | |
| 57785 | Sturgis | SD | $381,973 | $891 | 1.82% | |
| 57702 | Rapid City | SD | $459,087 | $1,480 | 2.51% | |
| 57703 | Rapid City | SD | $364,395 | $1,538 | 3.29% | |
| 57745 | Hill City | SD | $473,608 | $1,170 | 1.93% | |
| 57790 | Wall | SD | $305,472 | $909 | 2.32% | |
| 57793 | Sturgis | SD | $433,064 | $909 | 1.64% | |
| 57718 | Blackhawk | SD | $375,950 | $1,375 | 2.85% | |
| 57751 | Keystone | SD | $529,842 | $909 | 1.34% | |
| 57761 | New Underwood | SD | $412,616 | $954 | 1.80% | |
| 57701 | Rapid City | SD | $297,460 | $1,282 | 3.36% | |
| 57719 | Box Elder | SD | $372,292 | $1,541 | 3.23% | |
| 57769 | Piedmont | SD | $487,310 | $1,224 | 1.96% | |
| 57702 | Rapid City | SD | $441,270 | $1,296 | 2.29% | |
| 57730 | Custer | SD | $488,742 | $1,053 | 1.68% | |
| 57744 | Hermosa | SD | $618,562 | $1,152 | 1.45% | |
| 57785 | Sturgis | SD | $390,930 | $891 | 1.78% | |
| 57703 | Rapid City | SD | $353,247 | $1,378 | 3.04% | |
| 57718 | Blackhawk | SD | $370,280 | $1,107 | 2.33% | |
| 57745 | Hill City | SD | $489,059 | $1,170 | 1.87% | |
| 57790 | Wall | SD | $316,284 | $909 | 2.24% | |
| 57793 | Sturgis | SD | $439,931 | $909 | 1.61% | |
| 57719 | Box Elder | SD | $360,200 | $1,502 | 3.25% |
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About Rapid City, SD Real Estate Market
The Rapid City, SD metropolitan statistical area (MSA) encompasses 12 cities and 15 ZIP codes. The average home value across the metro is $425,347, with an average monthly rent of $1,171. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.