Explore available listings and evaluate market performance.
Rapid City, SD Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,352
Monthly Cash Flow
-$632
Principal + Equity
$2,297
Annual Total Gain
$19,974
Cash on Cash
-8.47%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$216
Occupancy Rate
67.74%
Monthly Revenue
$3,000
Monthly Cash Flow
$566
Principal + Equity
$2,297
Annual Total Gain
$34,356
Cash on Cash %
7.58%
Net ROI %
Market Health & Growth
Median Income
$65,712
Population
76,836
LTR Renter %
38.4%
Forecast (1 yr)
2.63%
Appreciation (1 yr)
2.28%
Appreciation (5 yr)
47.61%
Appreciation (10 yr)
92.59%
Job Growth
1.53%
LTR Rentability
Very High
STR Demand
72
STR Rentals
941
Top Public Schools
BSouthwest Middle School
BPatriot Elementary - 06
B
B-
B-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in South Dakota
#11out of 39 markets
Most Diverse Places to Live in South Dakota
#5out of 39 markets
Best Places for Young Professionals in South Dakota
#11out of 39 markets
C
Public School
C-
Crime And Safety
C
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Rapid City, SD.
As of September 2021, Rapid City, SD does not have specific regulations in place for short-term rentals (STRs) such as Airbnb or VRBO. However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
Investors should also consider the potential impact of STRs on the local housing market and community. Rapid City has a strong tourism industry, with attractions such as Mount Rushmore and the Black Hills drawing visitors year-round. This can make it a desirable market for STRs, but investors should be mindful of the potential for increased competition and potential backlash from local residents concerned about the impact of STRs on housing availability and affordability.
Additionally, investors should consider the potential costs and responsibilities associated with operating an STR, such as obtaining necessary permits, paying taxes, and maintaining the property to a high standard. It is important to thoroughly research and understand the legal and financial implications of operating an STR in Rapid City before making an investment in this market.
Market Trends Over Time
Explore 25 years of market data for Rapid City, SD, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Rapid City, SD.
The LTR Genie Score of Rapid City, SD is 76 and STR Genie Score is 91, indicating a high level of rentability for both long-term and short-term rental properties in the area. The high STR Genie Score can be attributed to the strong occupancy rate of 67.74% and impressive revenue of $3000. On the other hand, the LTR Genie Score is slightly lower due to the stagnant rent growth rate of 0.0%. However, the LTR Net ROI of 22.3% and STR Net ROI of 38.36% suggest that both long-term and short-term rental investments in Rapid City have the potential for high returns.
Rapid City, SD is a popular tourist destination known for its proximity to Mount Rushmore and the Black Hills. The city attracts visitors year-round, making it an attractive location for short-term rental investments. Additionally, Rapid City has a stable economy and a growing population, making it a promising market for long-term rental investments as well.
Overall, Rapid City, SD appears to be a promising market for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to capitalize on the high rentability and potential for strong returns in this market.
LTR Genie Score 93
$149,500
🛏 3 Beds🛁 2.0000 Baths🏙 1,176 sqft.🏠 SINGLE FAMILY
