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Located in the western part of the state of South Dakota and a city and seat of Pennington County, Rapid City sits on Rapid Creek that sits along the eastern edge of the Black Hills, from where the city derived its name. The area was settled during the Black Hills gold rush in 1876. The gold rush paved the way for the community’s growth, although there was a discord between the settlers and the Sioux. Rapid City soon became the eastern gateway to the mining region and the transportation center. At present, Rapid City is a regional center for commerce, tourism, culture, transportation, and education. With forestry and mining as an important economic activity, the city also manufactures wood products, electronics, cement, and jewelry.

Home Prices

287,791 +7%
240,225 -4%

Relative Price (per sqft.)

120 +4%


232 -17%
32 +30%

Market Duration

61 -8%
Population 70,812 (17.90%)
House Size (sqft.) 2,047 (-2.75%)