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Home appreciation in Rapid City, SD

Over the five years ending 2025, home prices in Rapid City, SD grew an average of 10.5% a year.

Price growth at a glance

1-year

+4.3%

2025 over 2024. South Dakota: +3.7%.

5-year, per year

+10.5%

Average annual growth, 2020 to 2025. South Dakota: +8.9%.

10-year, per year

+7.4%

+105.0% in total since 2015. South Dakota: +6.8%.

How does your home compare?

Rapid City, SD home prices rose 105.0% over the ten years to 2025, while its ZIP codes ranged from +90.2% to +143.9%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Rapid City, SD compares with South Dakota

South Dakota averaged +8.9% a year, so Rapid City, SD grew faster than the state overall. For five-year price growth, Rapid City, SD ranks 78th out of 409 metros nationwide and 1st out of 2 in South Dakota.

Index, 2005 = 100

Rapid City, SD and South Dakota, quarterly house price index rebased to 100 in 2005.
YearRapid City, SDSouth Dakota
2005 Q1100100
2005 Q2102102
2005 Q3104104
2005 Q4104106
2006 Q1105105
2006 Q2106107
2006 Q3109109
2006 Q4110109
2007 Q1109111
2007 Q2111112
2007 Q3111113
2007 Q4112113
2008 Q1114115
2008 Q2115115
2008 Q3114115
2008 Q4114115
2009 Q1115117
2009 Q2115116
2009 Q3113115
2009 Q4113114
2010 Q1112114
2010 Q2113113
2010 Q3114115
2010 Q4115115
2011 Q1115115
2011 Q2113114
2011 Q3113115
2011 Q4114116
2012 Q1114116
2012 Q2116116
2012 Q3115117
2012 Q4117118
2013 Q1117119
2013 Q2119120
2013 Q3122121
2013 Q4122122
2014 Q1122122
2014 Q2123124
2014 Q3124125
2014 Q4125126
2015 Q1128127
2015 Q2127129
2015 Q3128130
2015 Q4128132
2016 Q1131133
2016 Q2133134
2016 Q3135136
2016 Q4133137
2017 Q1134138
2017 Q2138141
2017 Q3140143
2017 Q4140144
2018 Q1142146
2018 Q2143147
2018 Q3146149
2018 Q4147151
2019 Q1147152
2019 Q2151154
2019 Q3152156
2019 Q4154158
2020 Q1156160
2020 Q2157161
2020 Q3158163
2020 Q4165167
2021 Q1169169
2021 Q2185180
2021 Q3194191
2021 Q4204197
2022 Q1216204
2022 Q2227218
2022 Q3230222
2022 Q4232222
2023 Q1233223
2023 Q2238229
2023 Q3244233
2023 Q4244233
2024 Q1248237
2024 Q2251239
2024 Q3252241
2024 Q4254243
2025 Q1258244
2025 Q2264249
2025 Q3266251
2025 Q4260252
2026 Q1266254
2026 Q2268255

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +7.4% a year over ten years, +105.0% in total.

Over this history, home prices never fell more than 0.7% from a prior peak.

The strongest year was 2022 at +20.3%, and the weakest was 2010 at -0.7%.

In 2025 alone the index moved +4.3%, against +3.7% for the state.

ZIP codes in Rapid City, SD

Over the ten years to 2025, the 9 ZIP codes FHFA measures in this metro ranged from +90.2% in 57703 to +143.9% in 57730, while the metro as a whole rose 105.0%.

ZIP codes in Rapid City, SD ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
57730+9.7%+14.5%+9.3%+143.9%
57785+7.7%+11.9%+8.1%+116.9%
57744+7.8%+12.2%+7.8%+111.9%
57769+4.1%+10.9%+7.8%+111.5%
57718+14.7%+11.0%+7.5%+105.5%
57719+7.4%+9.4%+7.2%+101.1%
57702+1.1%+10.1%+7.0%+96.5%
57701+3.6%+9.4%+6.9%+94.3%
57703+2.5%+9.3%+6.6%+90.2%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Rapid City, SD and South Dakota, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006104.7+4.7%104.7
2007107.8+3.0%108.9
2008111.1+3.0%111.6
2009111.3+0.2%112.1
2010110.5-0.7%111.1
2011110.7+0.1%111.4
2012112.2+1.4%113.3
2013116.9+4.2%117.2
2014119.9+2.6%120.6
2015124.3+3.7%125.7
2016129.4+4.1%131.2
2017134.5+4.0%137.6
2018140.7+4.6%144.0
2019146.7+4.3%150.3
2020154.8+5.5%157.8
2021182.9+18.1%179.1
2022219.9+20.3%210.2
2023233.0+6.0%222.9
2024244.3+4.8%233.0
2025254.8+4.3%241.7

The 2 measured metros in South Dakota

Measured metros in South Dakota ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Rapid City, SD+4.3%+10.5%+7.4%
2Sioux Falls, SD-MN+3.1%+8.3%+6.7%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the South Dakota row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2