housing3Rapid City is divided into four main areas named by locals according to compass direction. South Robbinsdale and North Rapid City make up the bulk of the community’s central core area with the Downtown separating the two neighborhoods. West Rapid is a sprawling, primarily residential neighborhood found “through the gap” created by a scenic and natural barrier of Skyline Drive and Cowboy Hill. Rapid Valley is located in the east, as the city transitions from the foothills to a beautiful prairie landscape. Wide traffic arteries provide easy access between the neighborhoods and interstate and highway access makes getting in, out and around the city easy. Schools, churches, shopping centers and other services are well distributed throughout the city, and the greenbelt that follows Rapid Creek through town makes a seven-mile-long park never more than a few minutes from any home.

Click here to link to the Black Hills Association of Realtors.

Black-Hills-Housing-Statistics-3-2015

Rental Rates in Rapid City

 

Proposed FY 2015 & Final FY 2014 Fair Market Rents By Unit Bedrooms
    Year                   Efficiency         One-Bedroom         Two-Bedroom         Three-Bedroom         Four-Bedroom
        Proposed FY 2015 FMR $503 $594 $794 $1,072 $1,406
    Final FY 2014 FMR $491 $581 $776 $1,048 $1,374
    Percentage Change 2.4% 2.2% 2.3% 2.3% 2.3%

Source:2015 HUD Proposed Fair Market Rent rates for Rapid City.

Click here for full report: Housing Rents – FY 2015 Fair Market Rent Documentation System.

 

Building Permit Activity in Rapid City

Our economy continues to expand as evidenced by consistent residential and commercial permit activity.

Click Here for our Mayor’s Report, which contains residential and commercial permit activity for 2010-2014 on page 2.