Welcome to our 57702 real estate data hub, tailored for investors in Rapid City, SD. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 57702 in Rapid City, SD. Discover Section 8 housing opportunities and challenges to maximize your investment potential in PENNINGTON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Rapid City, SD real estate investing. Uncover the wealth of information available, and position yourself for success in the Rapid City property market.
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Location Overview
- Zip Code: 57702
- City: Rapid City
- State: SD
- Metro Area: Rapid City, SD
- County Name: PENNINGTON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $406,285
- Average Home Price (Single Family Homes): $409,651
- Average Monthly Rental Price (All Types): $1,238
- Price-to-Rent Ratio: 27
- Zillow Projected % appreciation from 4/2023-4/2024: 1.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,090
- Average 3 Bedroom Section 8 Rental Rates: $1,500
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 31.06
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22.57
- Number of Units Offered in Section 8 in the County: 1336
- Number of Occupied Units in Section 8 in the County: 1255
- Percentage of Section 8 Units Occupied in the County: 93.90000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 367.58
- Total % Appreciation since 2000 (Government Data): 168.36
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.22%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 6%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.26%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 54.22%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 87.38%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -4.19%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%