$1,195
- 0 bd
- 0 ba
- - sqft
8528 Valley Rd NW #15
Rapid City, MI Housing Market
$361,305
0.3% 1-yrThe average Rapid City, MI home value is $361,305, down 0.3% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Rapid City Key Takeaways
Typical Home Values: $361,305
1-Year Value Change: -0.3%
(Data through September 30, 2026)
Rapid City Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 39 ()
New Listings: 9 ()
Median Sale to List Ratio: --
Median Sale Price: --
Median List Price: $545,800 ()
Percent of Sales Over List Price: --
Percent of Sales Under List Price: --
Median Days to Pending: --
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Rapid City
- NameMedian ZHVI
- Oak Park$458,694
- Traverse Heights$329,338
- Boardman$646,876
- Downtown$459,913
- Old Towne$494,526
- Central$520,672
- Greilickville$502,819
- Slab Town$592,434
- Kids Creek$470,466
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Rapid City Rental Market Trends
Average Rent: --
National Average Rent: $1,932 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Rapid City For Rent Listings
View Rapid City for rent listings
Frequently Asked Questions
What are current home values in Rapid City, MI?
The median home value in Rapid City, MI is $361,305 as of September 2026. This represents a 0.6% decrease compared to last month and a 0.3% decrease year-over-year.
How have home values changed in Rapid City, MI?
Home values in Rapid City, MI have decreased by 0.6% month-over-month and 0.3% year-over-year.
How do home values in Rapid City, MI compare to Kalkaska County, Michigan, and the national average?
The median home value in Rapid City, MI ($361,305) compares to: Kalkaska County ($225,055), Michigan ($263,760), and the U.S. national median ($366,157).
