Rapid City, SD Metro Area: Median Home Value Trend
How Rapid City, SD Metro Area's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$172,600
2023
$274,200
Total change
+$101,600
% change
+58.9%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $172,600 | — |
| 2019 | $188,400 | +$15,800 (9.2%) |
| 2020 | $199,100 | +$10,700 (5.7%) |
| 2021 | $211,800 | +$12,700 (6.4%) |
| 2022 | $248,700 | +$36,900 (17.4%) |
| 2023 | $274,200 | +$25,500 (10.3%) |