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
This metro is one of hundreds you can screen side by side — filter by the numbers that matter and get alerts when they move. See plans →
Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
❄️
COOL MARKET
Rapid City, SD Metro Area
More inventory, negotiating room for buyers
50 days
Average time to sell
Average
10.2%
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 August 29, 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 |
|---|---|---|---|---|---|---|
| 57790 | Wall | SD | $321,138 | $909 | 2.21% | |
| 57718 | Blackhawk | SD | $376,979 | $1,375 | 2.84% | |
| 57751 | Keystone | SD | $520,909 | $909 | 1.36% | |
| 57761 | New Underwood | SD | $415,822 | $954 | 1.79% | |
| 57701 | Rapid City | SD | $296,271 | $1,289 | 3.39% | |
| 57793 | Sturgis | SD | $452,104 | $909 | 1.57% | |
| 57719 | Box Elder | SD | $371,227 | $1,557 | 3.27% | |
| 57730 | Custer | SD | $493,829 | $1,053 | 1.66% | |
| 57769 | Piedmont | SD | $476,136 | $1,224 | 2.01% | |
| 57702 | Rapid City | SD | $440,121 | $1,344 | 2.38% | |
| 57703 | Rapid City | SD | $350,175 | $1,536 | 3.42% | |
| 57744 | Hermosa | SD | $623,889 | $1,152 | 1.44% | |
| 57785 | Sturgis | SD | $382,185 | $891 | 1.82% | |
| 57790 | Wall | SD | $312,331 | $909 | 2.27% | |
| 57718 | Blackhawk | SD | $368,740 | $1,107 | 2.34% | |
| 57745 | Hill City | SD | $487,575 | $1,170 | 1.87% | |
| 57751 | Keystone | SD | $541,351 | $909 | 1.31% | |
| 57793 | Sturgis | SD | $429,655 | $909 | 1.65% | |
| 57719 | Box Elder | SD | $359,010 | $1,451 | 3.15% | |
| 57730 | Custer | SD | $479,025 | $1,053 | 1.71% | |
| 57761 | New Underwood | SD | $437,255 | $954 | 1.70% | |
| 57701 | Rapid City | SD | $306,089 | $1,367 | 3.48% | |
| 57702 | Rapid City | SD | $455,706 | $1,334 | 2.28% | |
| 57744 | Hermosa | SD | $622,954 | $1,152 | 1.44% | |
| 57769 | Piedmont | SD | $489,571 | $1,224 | 1.95% | |
| 57785 | Sturgis | SD | $391,774 | $891 | 1.77% | |
| 57703 | Rapid City | SD | $362,649 | $1,546 | 3.33% | |
| 57745 | Hill City | SD | $465,364 | $1,170 | 1.96% | |
| 57790 | Wall | SD | $321,461 | $909 | 2.21% | |
| 57718 | Blackhawk | SD | $375,255 | $1,375 | 2.86% | |
| 57751 | Keystone | SD | $516,891 | $909 | 1.37% | |
| 57761 | New Underwood | SD | $398,490 | $954 | 1.87% | |
| 57701 | Rapid City | SD | $296,271 | $1,289 | 3.39% | |
| 57793 | Sturgis | SD | $454,072 | $909 | 1.56% | |
| 57719 | Box Elder | SD | $369,908 | $1,450 | 3.06% | |
| 57730 | Custer | SD | $492,130 | $1,053 | 1.67% | |
| 57769 | Piedmont | SD | $476,076 | $1,224 | 2.01% | |
| 57702 | Rapid City | SD | $440,121 | $1,344 | 2.38% | |
| 57703 | Rapid City | SD | $350,175 | $1,536 | 3.42% | |
| 57744 | Hermosa | SD | $620,357 | $1,152 | 1.45% | |
| 57785 | Sturgis | SD | $381,973 | $891 | 1.82% | |
| 57790 | Wall | SD | $305,472 | $909 | 2.32% | |
| 57718 | Blackhawk | SD | $368,740 | $1,107 | 2.34% | |
| 57745 | Hill City | SD | $480,294 | $1,170 | 1.90% | |
| 57751 | Keystone | SD | $537,747 | $909 | 1.32% | |
| 57793 | Sturgis | SD | $433,064 | $909 | 1.64% | |
| 57719 | Box Elder | SD | $359,010 | $1,451 | 3.15% | |
| 57730 | Custer | SD | $479,025 | $1,053 | 1.71% | |
| 57761 | New Underwood | SD | $427,118 | $954 | 1.74% | |
| 57701 | Rapid City | SD | $302,884 | $1,314 | 3.38% |
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →Free to search · investor plans from $19/mo
The wrong ZIP kills a good deal — screen every market.
Open the Market Finder →
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.