Rapid, SD housing market
The typical Rapid home is worth about $362,000, up 2% in a year, 12% above the South Dakota typical home. Homes typically sell in 60 days, below asking.
Home values, sales, trends and how Rapid compares with the towns next door — updated as new data is published.
Rapid at a glance
A seller's market
Supply is tight — about 3.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Rapid | South Dakota |
|---|---|---|
| 2017 | $194,000 | $186,000 |
| 2018 | $204,000 | $195,000 |
| 2019 | $213,000 | $203,000 |
| 2020 | $229,000 | $215,000 |
| 2021 | $253,000 | $235,000 |
| 2022 | $301,000 | $272,000 |
| 2023 | $332,000 | $297,000 |
| 2024 | $341,000 | $301,000 |
| 2025 | $355,000 | $312,000 |
| 2026 | $362,000 | $319,000 |
| August 2026 | $362,000 | $322,000 |
Rapid and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Rapid | $362K | +2% | 60 | $70,870 |
| Colonial Pine Hills | — | — | — | $98,696 |
| Rapid Valley | — | — | 62 | $83,208 |
| Box Elder | $367K | +2.3% | 79 | $73,008 |
5.1 years of income
The typical Rapid home costs about 5.1 years of the town's median household income, more than across South Dakota (4.3 years).
How Rapid ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Rapid
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.