US5.com
  1. Home
  2. States
  3. South Dakota
  4. ZIP 57702
  5. Housing & Real Estate
Rapid City city, SD

ZIP 57702 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57702

Median Home Value
$341,400
Median Rent
$1,075
Affordability Snapshot
$94,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,193/mo PITI).

15%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

26.5 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 57702 in Rapid City city, SD, a household would need roughly $94,000 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 $2,193. That is roughly in line with the local median household income ($85,700). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.6%+11% vs US avg
x
Vacancy Rate
8.4%-18% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
9.0%-39% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
16.1%-68% vs US avg
x
Mortgage-Free
44.1%+16% vs US avg
x
$341,400
Home Value
$1,075
Rent
1980
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached67.3%
  • 1-unit attached7.4%
  • 2-9 units7.4%
  • 10+ units13.7%
  • Mobile home & other4.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$341,400
Median rent$1,075
Owner-occupied72.6%
Vacant8.4%
Price-to-income4.0x
Est. income to buy$94,000