Median Home PriceBETTER
$304,789.53
Median RentBETTER
$1,272.95/mo
Price-to-Rent RatioBETTER
20.0
Property Tax RateTIE
1.28%
Price Change (1Y)BETTER
+5.2%
Price Change (5Y)BETTER
+26.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$109,137
Median Home Price
$353,836.16
Median Rent
$1,314.88/mo
Price-to-Rent Ratio
22.4
Property Tax RateTIE
1.28%
Price Change (1Y)
+1.9%
Price Change (5Y)
+9.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$272,139
Key Differences
Home Prices
Brookings's median home price of $304,789.53 is lower than Rapid City's $353,836.16 by 14%.
Monthly Rent
Renting in Brookings costs $1,272.95/mo compared to $1,314.88/mo in Rapid City—a difference of $41.93/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.