Rapid City, MI Housing Market
$371,105
0.2% 1-yrThe average Rapid City, MI home value is $371,105, down 0.2% 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: $371,105
1-Year Value Change: -0.2%
(Data through August 31, 2026)
Rapid City Housing Market Overview
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$462,770
- Traverse Heights$332,049
- Boardman$649,155
- Downtown$455,960
- Old Towne$495,231
- Central$534,824
- Greilickville$512,410
- Slab Town$602,136
- Kids Creek$472,363
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Rapid City Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Rapid City, MI?
The median home value in Rapid City, MI is $371,105 as of August 2026. This represents a 0.4% decrease compared to last month and a 0.2% decrease year-over-year.
How have home values changed in Rapid City, MI?
Home values in Rapid City, MI have decreased by 0.4% month-over-month and 0.2% 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 ($371,105) compares to: Kalkaska County ($226,891), Michigan ($266,292), and the U.S. national median ($368,697).
