Housing data for Rapid Valley, SD
Rapid Valley, SD has an estimated 6,975 residents and 3,192 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Pennington County.
7.7% of households rent.
The median gross rent is $1,174 a month.
Its population shrank measurably since 2015–2019 (−23.5%).
Figures last updated on .
- Residents
- 6,975 (±823)
- Housing units
- 3,192 (±390)
- Households that rent
- 7.7%
- Median gross rent
- $1,174
- Residents since 2015–2019
- −23.5%
What stands out in Rapid Valley
Households that rent: 7.7% (±4.4 points) in Rapid Valley, lower than in Pennington County (30.7%).
Renters paying 30% or more of income: 12.5% (±18.9 points) in Rapid Valley, lower than in Pennington County (48.7%).
Homes in buildings of 5 or more units: 4.4% (±3.8 points) in Rapid Valley, lower than in Pennington County (17.9%).
Households that moved in since 2020: 10.3% (±4.7 points) in Rapid Valley, lower than in Pennington County (27.6%).
Housing in Rapid Valley at a glance
- Median rent: $1,174 median gross rent a month
- Rent by bedrooms: $1,260 median gross rent, 2 bedrooms
- Rent burden: 12.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 7.7% of households rent (Small sample: wide margin of error)
- Income and affordability: $83,208 median household income
- Home values: $255,500 median home value
- Homeowner costs: $1,633 median monthly cost with a mortgage
- Property taxes: $2,612 median real estate taxes a year
- Types of homes: 4.4% of homes are in buildings of 5 or more units
- Bedrooms: 75.6% of homes have 3 or more bedrooms
- Age of homes: 38.9% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 72.2% heat with utility gas
- Commute and cars: 19.8 minutes average trip to work
- Growth: −23.5% residents since 2015–2019
- How long people stay: 10.3% moved in since 2020
- Crowding and facilities: 0.7% of homes have more than 1 person per room
Rapid Valley against Pennington County, its state and the nation
| Rapid Valley | Pennington County | South Dakota | United States | |
|---|---|---|---|---|
| Residents | 6,975 (±823) | 113,512 (exact) | 907,428 (exact) | 334,922,499 |
| Housing units | 3,192 (±390) | 51,681 (±155) | 408,584 (±422) | 143,775,355 |
| Households that rent | 7.7% (±4.4 points) | 30.7% (±1.4 points) | 31.4% (±0.5 points) | 34.8% |
| Median gross rent | $1,174 (±$202) | $1,120 (±$40) | $946 (±$11) | $1,413 |
| Median household income | $83,208 (±$12,390) | $74,517 (±$2,445) | $75,081 (±$888) | $80,734 |
| Median home value | $255,500 (±$14,144) | $302,200 (±$9,091) | $257,400 (±$3,051) | $332,700 |
| Median real estate taxes (a year) | $2,612 (±$156) | $3,265 (±$100) | $2,724 (±$28) | $3,119 |
| Built before 1980 | 38.9% (±10.0 points) | 47.5% (±2.3 points) | 49.8% (±0.7 points) | 49.7% |
| Average commute | 19.8 minutes (±4.1) | 19.4 minutes (±1.1) | 17.8 minutes (±0.2) | 26.4 minutes |
| Households with broadband | 95.0% (±2.9 points) | 90.6% (±1.1 points) | 89.6% (±0.3 points) | 91.0% |
| Median age of residents | 43.2 years (±4.8) | 40.1 years (±0.3) | 38.0 years (±0.2) | 38.9 years |
Rapid Valley covers 6.4 square miles of land, about 1,088 residents per square mile (Census Bureau Gazetteer).
How Rapid Valley has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 9,114 (±661) | 6,975 (±823) | −23.5% | Measurable decrease |
| Housing units | 3,314 (±248) | 3,192 (±390) | −3.7% | Not a measurable change |
| Median gross rent | $834 (±$412) | $1,174 (±$202) | +40.8% | No measurable change after inflation |
| Median home value | $161,100 (±$7,990) | $255,500 (±$14,144) | +58.6% | Up after inflation |
| Median household income | $64,590 (±$7,729) | $83,208 (±$12,390) | +28.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,310 (±$74) | $1,633 (±$106) | +24.7% | No measurable change after inflation |
| Median real estate taxes | $2,176 (±$141) | $2,612 (±$156) | +20.0% | No measurable change after inflation |
| Households that rent | 10.5% (±4.8 points) | 7.7% (±4.4 points) | −2.8 percentage points | Not a measurable change |
| Rental vacancy rate | 11.0% (±16.6 points) | 0.0% (±9.8 points) | −11.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Pennington County
Rapid Valley has no police department of its own in the FBI’s figures, so this is the figure for Pennington County as a whole.
In 2025, the police departments that report for Pennington County recorded 697 violent and 2,925 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Rapid Valley
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Green Valley | 2.0 mi | — | $280,300 | 21.1% |
| Box Elder | 3.6 mi | $1,491 | $302,100 | 51.8% |
| Ashland Heights | 4.6 mi | — | $219,600 | 0.0% |
| Rapid City | 4.8 mi | $1,109 | $299,400 | 37.1% |
| Colonial Pine Hills | 10 mi | — | $406,500 | 1.3% |
| Blackhawk | 12 mi | — | $273,300 | 4.5% |
| Summerset | 14 mi | $1,288 | $368,300 | 21.3% |
| New Underwood | 14 mi | $850 | $193,800 | 31.8% |
Places in South Dakota most like Rapid Valley
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Worthing | $1,092 | $220,200 | $93,162 | 6.7% |
| Warner | $1,089 | $268,100 | $113,750 | 5.1% |
| Cortlandt Township | $1,216 | $375,000 | $103,611 | 8.4% |
| Chester Township (Lake County) | $1,188 | $235,300 | $69,375 | 6.9% |
| Baltic | $1,232 | $254,200 | $107,768 | 18.9% |
| Whitewood | $946 | $243,300 | $77,500 | 17.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across South Dakota.
HUD Fair Market Rent for Rapid Valley, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $996 | $1,093 | $1,430 | $1,833 | $2,390 |
HUD income limits for Rapid Valley, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $21,300 | $35,500 | $56,750 |
| 2 people | $24,350 | $40,550 | $64,850 |
| 3 people | $27,400 | $45,600 | $72,950 |
| 4 people | $33,000 | $50,650 | $81,050 |
| 5 people | $38,680 | $54,750 | $87,550 |
| 6 people | $44,360 | $58,800 | $94,050 |
| 7 people | $50,040 | $62,850 | $100,550 |
| 8 people | $55,720 | $66,900 | $107,000 |
These are the limits HUD sets for its housing programs in the Rapid City, SD HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $101,300.
A program can use its own limits; tax-credit and local programs often do.
Rapid Valley is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Rapid Valley
What is the average rent in Rapid Valley, SD?
The Census Bureau publishes the median rather than the average: the median gross rent in Rapid Valley is $1,174 (±$202) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Rapid Valley?
The median gross rent for a one-bedroom home in Rapid Valley, SD is $1,107 (±$164) a month (2020–2024 American Community Survey).
What is the median household income in Rapid Valley?
The median household income in Rapid Valley is $83,208 (±$12,390) a year (2020–2024 American Community Survey).
What is the average home value in Rapid Valley, SD?
The Census Bureau publishes the median: $255,500 (±$14,144) for owner-occupied homes in Rapid Valley (2020–2024 American Community Survey).
What is the average mortgage payment in Rapid Valley?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Rapid Valley, SD is $1,633 (±$106) a month, including taxes, insurance and utilities.
How much are property taxes in Rapid Valley?
The median real estate tax paid by homeowners in Rapid Valley, SD is $2,612 (±$156) a year (2020–2024 American Community Survey).
Is Rapid Valley growing?
In Rapid Valley, the number of residents went from 9,114 in 2015–2019 to 6,975 in 2020–2024 (−23.5%), a measurable decrease.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Rapid Valley CDP, South Dakota
- HUD Fair Market Rents, fiscal year 2027: Rapid City, SD HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Rapid City, SD HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Rapid Valley CDP, South Dakota (place:53007, in state:46).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .