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Rapid City School District 51-4

Learn about the people, housing, costs and businesses in Rapid City School District 51-4, South Dakota

Median Home$303,846
Median Rent$1,087/month
Population102,791
Leading IndustriesWholesale Trade · Public Administration · Manufacturing10% wholesale trade
Home Value Growth⬆⬆+13.0% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners70% of occupied units
NotableVeteran Community11% of residents · top 5% nationally
Rapid City School District 51-4
SD

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Frequently Asked Questions

What are today's mortgage rates in Rapid City School District 51-4?

As of today, the 30-year fixed mortgage rate for Rapid City School District 51-4 is approximately 6.915% (6.952% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Rapid City School District 51-4
What is the median home price in Rapid City School District 51-4?

The median home value in Rapid City School District 51-4 is $304k. The median monthly rent is $1,087. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rapid City School District 51-4?

Home values in Rapid City School District 51-4 have increased 13.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Rapid City School District 51-4?

Based on a typical all-in ownership cost of $1,190/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rapid City School District 51-4 is $72k/year.

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What industries drive the economy in Rapid City School District 51-4?

The largest employment sectors in Rapid City School District 51-4 are public administration (27%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.