Showing results for Rapid City, SD, US
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Rapid City Journal
rapidcityjournal.com › news › local › many-factors-contribute-to-local-affordable-housing-shortage › article_5db5a27b-6e53-508e-8c8d-662094c26861.html
Many factors contribute to local affordable housing shortage
A variety of factors contribute to Rapid City’s shortage of affordable housing. They include a shortage of high-income housing, wage stagnation, growing demand for single-person homes, and an overdependence on
Published   November 14, 2025
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Sdstandardnow
sdstandardnow.com › home › will-high-real-estate-prices-leave-you-house-poor-it-depends-on-where-you-live
Rapid City financial advisor Rick Kahler: will high home prices leave you house poor? Depends on where you live. — The South Dakota Standard
March 13, 2024 - In some places, today’s real estate climate can make that a challenge. We’re seeing this in Rapid City, where recent population growth has led to a housing shortage and dramatic increases in both home prices and rents.
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Bhacf
bhacf.org › affordable-housing
Affordable Housing
March 15, 2024 - Low and aging inventory drives high housing costs across the region. The issue is compounded by population growth, high borrowing rates, rising property values, and workforce shortages in technical trades.
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SDPB
sdpb.org › politics
As Rapid City grows, infrastructure and housing become key questions | SDPB
November 20, 2025 - Namely creating more middle-income housing for current homeowners to buy into, thus opening their previous homes to new owners. Growth in the Black Hills generally isn’t slowing down though.
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Rapid City Journal
rapidcityjournal.com › news › local › hot-local-housing-market-has-homebuyers-scrambling › article_e4cdfed9-ebea-5d8f-9b0c-b5f5b74b4ffa.html
Hot local housing market has homebuyers scrambling
The shortage of homes on the market also comes as the economy continues to stabilize from the deep recession a decade ago, with more people staying in their homes, said Pam Heiberger, president of the Black Hills Association of Realtors.
Published   September 23, 2025
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Santa Fe New Mexican
santafenewmexican.com › life › features › are-home-prices-going-down-in-rapid-city-in-2026 › article_f9206297-7d15-5f6f-9a5c-d6987f160727.html
Are home prices going down in Rapid City in 2026? | Features | santafenewmexican.com
1 month ago - Prices skyrocketed during the pandemic and have remained elevated since, largely due to persistent inflation and a chronic inventory shortage. But the market is starting to shift.
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Jtvf
jtvf.org › home › fast facts on rapid city housing
Fast Facts on Rapid City Housing - John T. Vucurevich Foundation
September 20, 2023 - Since the pandemic, costs for both rental and owner-occupied housing have risen substantially, putting additional pressure on our community’s most vulnerable. 38% of Rapid City households are renters.
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National Low Income Housing Coalition
nlihc.org › housing-needs-by-state › south-dakota
South Dakota | National Low Income Housing Coalition
Across South Dakota, there is a shortage of rental homes affordable and available to extremely low income households (ELI), whose incomes are at or below the poverty guideline or 30% of their area median income (AMI).
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Redfin
redfin.com › city › 13643 › SD › Rapid-City › housing-market
Rapid City, SD Housing Market
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Rapid City.
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KOTA
kotatv.com › 2025 › 04 › 24 › montana-based-real-estate-company-brings-more-affordable-housing-rapid-city
Montana-based real estate company brings more affordable housing to Rapid City
RAPID CITY, S.D. (KOTA) - Affordable housing can improve the quality of life for many in the community. That is the goal of a company involved in an apartment complex project, Sagebrush Flats. “I think there’s a (affordable) housing shortage in Rapid City and in a lot of communities out west,” said the project manager of Blue Line Development Incorporated, Jason Boal.
Published   April 24, 2025
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Synergos Technologies
synergos-tech.com › mkt_reports › STI_Market_Reports › M068 › _book › housing.html
Housing | Rapid City, SD
Vacancy - 12.9% The Rapid City, SD Market ranks 52nd in Vacancy across STI Markets with a Vacancy rate of 12.9%. That is 19,157 Vacant Housing units compared to 129,912 Occupied units. Ownership -...
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Elevate Rapid City
elevaterapidcity.com › resources › housing-dashboard
Rapid City Housing Dashboard - Elevate Rapid City
March 18, 2026 - The Rapid City Housing Dashboard provides the latest housing statistics in Rapid City and the Black Hills region, so you can make informed decisions that impact your business and community.
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Rapid City Journal
rapidcityjournal.com › news › local › city-looking-at-tiny-homes-cheaper-permits-as-answers-to › article_ed21d409-b92f-56b2-894e-cc65740de1d3.html
City looking at tiny homes, cheaper permits as answers to affordable housing shortage
One of several goals included in the city's current comprehensive plan, the development of affordable housing, has been repeatedly singled out by local elected officials as one of greatest challenges that Rapid City faces. The term affordable housing generally refers to housing that costs less than 30 percent of a family's gross income. There is an estimated shortage in Rapid City of approximately 3,500 owner-occupied housing units costing $899 or less per month, according to a 2018 study by the Black Hills Knowledge Network.
Published   September 5, 2025
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Blackhillshabitat
blackhillshabitat.org › affordable-workforce-housing
Affordable Housing Project in Rapid City, SD
March 10, 2025 - Finding investors who understand ... (or more) valuable ways is difficult in our current economic climate. As the Black Hills Area population grows the affordable housing crisis is growing with it....
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KOTA
kotatv.com › 2024 › 01 › 18 › rapid-citys-continued-growth-2023-puts-spotlight-housing-worker-issues
Rapid City’s continued growth in 2023 puts a spotlight on housing and worker issues
Safety at the forefront, along with various amenities in the city, has played a sizeable role in bringing people to the area over the last couple of years. But with the new year, more issues regarding community needs are rapidly stacking up. “We need a lot of housing—multifamily housing, single-family housing—we need housing across the board,” expressed Johnson.
Published   January 18, 2024
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Mykxlg
mykxlg.com › news › state › rapid-citys-2025-housing-market-year-in-review › article_ef31964a-3d5a-53c0-a06b-1b8f01cdf2f1.html
Rapid City's 2025 housing market year in review | State News | mykxlg.com
December 31, 2025 - In 2025, the U.S. housing market largely continued the sluggish trends that have defined the post-pandemic years: high prices, elevated mortgage rates, and persistent economic uncertainty.
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Elevate Rapid City
elevaterapidcity.com › news › 2023 › 10 › 12 › elevate-magazine › what-is-affordable-housing-rapid-city-south-dakota
What is Affordable Housing? Rapid City, South Dakota - Elevate Rapid City
October 12, 2023 - The Federal government would say that no more than 30% of a household’s income should go toward housing. ... As of September 12, in Rapid City, the average monthly rent is $1,213. That means that in order to afford rent, a household would need to make $4,332.14 a month or $24.99 an hour.
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Elevate Rapid City
elevaterapidcity.com › resources › housing-study
Black Hills Region Housing Study - Elevate Rapid City - Elevate Rapid City
Housing Study for Rapid City Black Hills Area was conducted over the course of 2022 by MSA Professional Services. The Housing Study is intended to help Rapid City and the surrounding communities better understand the local housing market.
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SD Housing
sdhousing.org
SD Housing – Affordable Housing Programs & Assistance for SD
South Dakota is growing—and the demand for quality, affordable housing is growing with it. SD Housing partners with developers to support the creation and rehabilitation of housing that serves communities across the state.
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Pchrc
pchrc.com › home
Equal Housing - Pennington County Housing and Redevelopment Commission
July 12, 2022 - What is PCHRC? Pennington County Housing and Redevelopment Commission was founded in 1971 and consists of Federally Assisted Housing Programs under HUD (Housing and Urban Development). These programs consist of Housing Choice Vouchers (Section 8, VASH, FYI), Public Housing, and Affordable Housing ...