Home prices
The median home in Rapid City is valued at $138,400. This is about $15,260 (12%) higher in comparison to its surrounding areas.In comparison to the nation as a whole it is approximately $79,100 (36%) lower, and in comparison to the city of Mount Pleasant it is is very similar.
Rents
Rapid City's median rent is $729 per month. Compared to its surrounding areas this is roughly $24 (3%) lower.In comparison to the rest of the country it is roughly $333 (31%) lower, and in comparison to the city of Mount Pleasant is about $26 (3%) lower.
Nearby places
Elk Rapids
Elk Rapids is approximately 6 miles northwest of Rapid City. Its real estate prices are substantially more expensive. The median home value in Elk Rapids is $229,200, which comes out to $90,800 (39%) higher than Rapid City. Its rents are a little more expensive. Elk Rapids's median rent is $827 a month, which is $98 (11%) higher than Rapid City.
Kalkaska
Kalkaska is roughly 7 miles southeast of Rapid City. Real estate prices there are substantially less expensive. The median home in Kalkaska costs $83,700, which comes out to $54,700 (65%) lower than Rapid City. Its rents are a little less expensive. The median rent in Kalkaska is $609 a month, which comes out to $120 (19%) lower than Rapid City.
Bellaire
Bellaire is approximately 9 miles north from Rapid City. Housing prices there are a bit less expensive. Bellaire's median home price is $109,800, which works out to $28,600 (26%) lower than Rapid City. Rents there are somewhat less expensive. Bellaire's median monthly rent is $640, which is $89 (13%) lower than Rapid City.
Mancelona
Mancelona is about 10 miles northeast from Rapid City. Housing prices there are significantly less expensive. The median home in Mancelona costs $75,400, which is $63,000 (83%) lower than Rapid City. Rent there is a little more expensive. The median rent in Mancelona is $843 a month, which comes out to $114 (13%) higher than Rapid City.
Manistee Lake
Manistee Lake is approximately 11 miles east of Rapid City. Its housing prices are somewhat less expensive. The cost of the median home in Manistee Lake is $117,600, which works out to $20,800 (17%) lower than Rapid City. Its rents are a little more expensive. In Manistee Lake the median monthly rent is $848, which is $119 (14%) higher than Rapid City.
