Housing in Rapid City, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$169,900
Median List Price
N/A
Price Per Sq Ft
$72
Days on Market
197
Active Inventory
6
Months of Supply
6.0
Balanced market
Zillow Home Value
$351,688
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
97.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$72
Rapid City vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Rapid City is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$212,500
Median Rent
$987
Total Housing Units
892
Vacancy Rate
31.8%
Owner Occupied
86.3%
Renter Occupied
13.7%
Median Property Tax
$1,944
per year
Monthly Cost (w/ Mortgage)
$823
Housing Types
The current median sale price in Rapid City, MI is $169,900 according to Redfin data. Homes spend a median of 197 days on the market. 0.0% of homes sold above asking price. The market has 6.0 months of supply. The median price per square foot is $72. The median rent is $987 per month (Census ACS). About 86.3% of housing units are owner-occupied. The median year homes were built is 1980. There are 892 total housing units.