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Rapid City, SD Condos for Sale

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  • /18

    $199,900

    • 2 Beds
    • 2 Baths
    • 940 Sq Ft

    1632 Evergreen Dr, Rapid City, SD 57702

    Listed by Jeremy Kahler, KWBH, 605-381-7500. Enjoy the ease of maintenance free living in this move in ready, ground level condo with ZERO stairs, sound construction and smart upgrades! *New carpet throughout *2 bedrooms, 2 bathrooms and 940sqft *Open concept living area with a spacious kitchen/dining space that flows into the comfortable living room *Large corner kitchen has ample cabinet and

    JEREMY KAHLER Keller Williams Realty Black Hills SP

    1632 Evergreen Dr, Rapid City, SD 57702
  • /28

    $325,000

    • 2 Beds
    • 2 Baths
    • 1,114 Sq Ft

    3600 Sheridan Lake Rd, Rapid City, SD 57702

    Sandstone Ridge Condominium #222 is located on the 2nd floor with easy access just immediately past the common area, elevator, and stairway. This unit offers so many great features! Updated carpet as well as updated range, dishwasher, washer, and dryer. The kitchen offers a spacious pantry and breakfast bar. Nice sized dining and living areas, spacious master bedroom with master bath and

    Phillip Olsen Olsen Real Estate

    3600 Sheridan Lake Rd, Rapid City, SD 57702

Why Live in Rapid City

Rapid City combines outdoor adventure with cultural attractions at the gateway to Mount Rushmore and the Black Hills. Downtown's unique City of Presidents Walking Tour features life-size bronze presidential statues, while Main Street Square hosts year-round events from summer concerts to winter ice skating. Art Alley showcases local creativity through ever-changing street murals. Families enjoy Storybook Island's seasonal themed park and Bear Country USA's drive-through wildlife experiences. The dining scene includes Dakotah Steakhouse serving regional specialties like elk and buffalo, while Firehouse Brewing Co operates from a historic 1915 firehouse. Kathmandu Bistro brings international flavors to an 1886 downtown building. The housing market presents diverse options across distinct neighborhoods. Colonial Pine Hills commands the highest median single family home prices at $503,000, while North Rapid City offers more affordable options with a median of $250,000. The citywide median sale price stands at $360,500, with median townhome prices at $385,000. One-bedroom condos start at a median of $211,300, increasing to $290,300 for two bedrooms. Living costs run 5.2% below the national average. A family with school-age children needs approximately $100,000 annually to live comfortably, while renters should aim for $55,000. Property taxes in Pennington County sit at 1.13%, higher than nearby Spearfish at 0.86%. South Dakota charges no state income tax and maintains a 4.2% state sales tax. The public school system includes Stevens High School and Southwest Middle School, both rated B Plus by Niche. The private Rapid City Catholic School System, rated A Minus, serves multiple neighborhoods. South Dakota School of Mines and Technology provides higher education opportunities. The Rapid Transit System operates fixed bus routes Monday through Saturday, though most residents rely on personal vehicles.

Home Trends in Rapid City, SD

Housing Trends

Median Sale Price
$360,500
Median Single Family Sale Price
$389,000
Median Townhouse Sale Price
$385,000
Median 2 Bedroom Sale Price
$290,000
Median 1 Bedroom Sale Price
$211,250
Average Price Per Sq Ft
$217
Number of Homes for Sale
414
Last 12 months Home Sales
1,612
Months of Supply
3.10
Median List Price
$380,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%
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