Metropolitan Area

Rapid City, SD

South Dakota0
52
/100
Hold
#693 of 894 metros
Top 77% nationally for investing

Market Snapshot

$374,117
Median Home Price
47% above national median
$1,408/mo
Median Rent
2% above national median
4.52%
Rent-to-Price Ratio
Top 84% nationally
-$1,046
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$374,117
Down Payment (20%)$74,823
Loan Amount$299,294
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,408
Monthly P&I-$1,961
Est. Expenses (35%)-$493
Net Cash Flow-$1,046/mo
2.9%
Cap Rate (all cash)
-14.6%
Cash-on-Cash Return
4.52%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

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Score Breakdown

Overall Investment Score
52/100
52
Cash Flow(30%)
38/100

Based on 4.52% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
71/100

Based on 2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
50/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.52%)
  • -Negative cash flow at typical financing (-$1,046/mo)
  • -Negative leverage (cap rate 2.9% < mortgage rate 6.9%)

Counties in Rapid City, SD

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Waycross, GA
Waycross, GA
72$174,474$1,0257.05%BuyView
Maryville, MO
Maryville, MO
72$222,578Est.BuyView
Auburn, NY
Auburn, NY
72$231,300$1,3406.95%BuyView
Shawnee, OK
Shawnee, OK
72$195,990$1,1346.95%BuyView
Tiffin, OH
Tiffin, OH
72$179,031$9626.44%BuyView
Current
Rapid City, SD
52$374,117$1,4084.52%Hold

Rent vs buy in this metro

Rent vs buy in Rapid City, SDMedian $353,836 · rent $1,315/mo

The Bottom Line

HoldRapid City, SD is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Rapid City, SD metro area scores 52/100, ranking #693 of 894 US metros (top 77%). The 4.52% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,046/mo
Cap Rate
2.9%
Cash-on-Cash
-16.8%

Ready to Invest in Rapid City, SD?

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