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Rapid City city, SD

ZIP 57701 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57701

Median Home Value
$229,900
Median Rent
$807
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,477/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 57701 in Rapid City city, SD, a household would need roughly $63,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,477. That is about 19% above the local median household income ($52,733), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.4%-9% vs US avg
x
Vacancy Rate
8.8%-14% vs US avg
x
Broadband Access
88.2%+1% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
3.9%-70% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
20.3%-59% vs US avg
x
Mortgage-Free
41.3%+8% vs US avg
x
$229,900
Home Value
$807
Rent
1976
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached55.6%
  • 1-unit attached5.2%
  • 2-9 units13.4%
  • 10+ units18.2%
  • Mobile home & other7.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$229,900
Median rent$807
Owner-occupied59.4%
Vacant8.8%
Price-to-income4.4x
Est. income to buy$63,000