Rental numbers for the Rapid City, SD metro
The typical home here runs -$1,499 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.1%.
- Gross yield
- 4.8%
- typical home, Zillow
- Median ZIP yield
- 5.1%
- 4 ZIPs with full data
- Cash flow
- -$1,499/mo
- at 7.78%, 25% down
- Typical price
- $372,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,481/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
15 with published figures
| 57701Rapid City | $301,000 | $1,429 | 5.7% | 2.3% | -$1,058 | +5.8% |
| 57703Rapid City | $359,000 | $1,582 | 5.3% | 2.0% | -$1,325 | +5.2% |
| 57719Box Elder | $368,000 | $1,517 | 5.0% | 1.6% | -$1,482 | +3.4% |
| 57626Faith | $274,000 | $1,090* | 4.8% | 1.1% | -$1,233 | n/a |
| 57702Rapid City | $452,000 | $1,495 | 4.0% | 0.9% | -$2,081 | +4.4% |
| 57718Blackhawk | $377,000 | $1,230* | 3.9% | 0.9% | -$1,732 | n/a |
| 57790Wall | $315,000 | $1,010* | 3.9% | 0.8% | -$1,488 | n/a |
| 57769Piedmont | $488,000 | $1,360* | 3.3% | 0.5% | -$2,443 | n/a |
| 57745Hill City | $482,000 | $1,300* | 3.2% | 0.4% | -$2,434 | n/a |
| 57785Sturgis | $391,000 | $990* | 3.0% | 0.1% | -$2,074 | n/a |
| 57761New Underwood | $426,000 | $1,060* | 3.0% | 0.2% | -$2,220 | n/a |
| 57730Custer | $478,000 | $1,170* | 2.9% | 0.4% | -$2,432 | n/a |
| 57793Whitewood | $448,000 | $1,010* | 2.7% | -0.0% | -$2,428 | n/a |
| 57744Hermosa | $606,000 | $1,280* | 2.5% | 0.0% | -$3,268 | n/a |
| 57751Keystone | $532,000 | $1,010* | 2.3% | -0.3% | -$2,978 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.1%
- Rent, 12 months
- +4.4%
- Rent minus price growth
- +2.3 pts
- Property tax
- 1.03%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $292,297 | $1,148 |
| Aug 2022 | $346,620 | $1,373 |
| Aug 2023 | $350,539 | $1,340 |
| Aug 2024 | $356,233 | $1,406 |
| Aug 2025 | $364,063 | $1,418 |
| Aug 2026 | $371,883 | $1,481 |
Counties
- Meade County, SD5.0% median yield
- Pennington County, SD5.3% median yield
- Custer County, SDn/a median yield
Tools
Test a listing in the Rapid City, SD area against today's rate.
Open the calculatorQuestions
- Is the Rapid City, SD metro good for rental property?
- The typical home here runs -$1,499 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Rapid City, SD metro have the highest rental yield?
- 57701 (Rapid City) at 5.7%, 57703 (Rapid City) at 5.3%, 57719 (Box Elder) at 5.0%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.