How much house does $500,000 buy you in Rapid City?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Rapid City?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Rapid City right now. Listings below $500,000 were included if necessary.
5125 Pinedale Heights Dr, Rapid City, SD 57702
- Price: $499,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,100
- See 5125 Pinedale Heights Dr, Rapid City, SD 57702 on Redfin.com
6606 Dunsmore Rd, Rapid City, SD 57702
- Price: $499,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,608
- See 6606 Dunsmore Rd, Rapid City, SD 57702 on Redfin.com
7219 Savannah Ln, Summerset, SD 57718
- Price: $480,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,406
- See 7219 Savannah Ln, Summerset, SD 57718 on Redfin.com
6647 Cambridge Pl, Summerset, SD 57718
- Price: $475,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 1,947
- See 6647 Cambridge Pl, Summerset, SD 57718 on Redfin.com
14349 Wolf Creek Ct, Summerset, SD 57769
- Price: $490,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,506
- See 14349 Wolf Creek Ct, Summerset, SD 57769 on Redfin.com
1018 Gladys St, Rapid City, SD 57701
- Price: $480,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,460
- See 1018 Gladys St, Rapid City, SD 57701 on Redfin.com
545 Bull Run Dr, Box Elder, SD 57719
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,436
- See 545 Bull Run Dr, Box Elder, SD 57719 on Redfin.com
643 Valor Ct, Box Elder, SD 57719
- Price: $477,750
- 4 bedrooms, 3 bathrooms
- Square feet: 2,284
- See 643 Valor Ct, Box Elder, SD 57719 on Redfin.com
5317 Silverton St, Rapid City, SD 57703
- Price: $497,500
- 4 bedrooms, 3 bathrooms
- Square feet: 2,171
- See 5317 Silverton St, Rapid City, SD 57703 on Redfin.com
14712 Halter Ct, Piedmont, SD 57769
- Price: $490,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,761
- See 14712 Halter Ct, Piedmont, SD 57769 on Redfin.com
4565 Wentworth Dr, Rapid City, SD 57702
- Price: $494,900
- 4 bedrooms, 2 bathrooms
- Square feet: 3,003
- See 4565 Wentworth Dr, Rapid City, SD 57702 on Redfin.com
195 Swiss Dr, Rapid City, SD 57702
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,200
- See 195 Swiss Dr, Rapid City, SD 57702 on Redfin.com
8403 Okpealuk St, Rapid City, SD 57702
- Price: $499,792
- 4 bedrooms, 2 bathrooms
- Square feet: 1,976
- See 8403 Okpealuk St, Rapid City, SD 57702 on Redfin.com
110 S Monroe Ave, New Underwood, SD 57761
- Price: $479,900
- 3 bedrooms, 3 bathrooms
- Square feet: 3,072
- See 110 S Monroe Ave, New Underwood, SD 57761 on Redfin.com
942 Stahl Ct, Rapid City, SD 57701
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,907
- See 942 Stahl Ct, Rapid City, SD 57701 on Redfin.com
944 Stahl Ct, Rapid City, SD 57701
- Price: $482,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,794
- See 944 Stahl Ct, Rapid City, SD 57701 on Redfin.com
1021 Alta Vista Dr, Rapid City, SD 57701
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,560
- See 1021 Alta Vista Dr, Rapid City, SD 57701 on Redfin.com
2680 Meadows Dr, Sturgis, SD 57785
- Price: $475,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,503
- See 2680 Meadows Dr, Sturgis, SD 57785 on Redfin.com
636 Kathryn Ave, Rapid City, SD 57701
- Price: $484,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,270
- See 636 Kathryn Ave, Rapid City, SD 57701 on Redfin.com
5550 Blue Stem Ct, Rapid City, SD 57702
- Price: $495,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,976
- See 5550 Blue Stem Ct, Rapid City, SD 57702 on Redfin.com
13299 Chipmunk Pl, Rapid City, SD 57702
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,448
- See 13299 Chipmunk Pl, Rapid City, SD 57702 on Redfin.com
8250 Countryside Blvd, Rapid City, SD 57702
- Price: $475,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,106
- See 8250 Countryside Blvd, Rapid City, SD 57702 on Redfin.com
2719 Rebecca St, Rapid City, SD 57703
- Price: $489,995
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,711
- See 2719 Rebecca St, Rapid City, SD 57703 on Redfin.com
13551 Chariot Pl, Rapid City, SD 57702
- Price: $485,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,040
- See 13551 Chariot Pl, Rapid City, SD 57702 on Redfin.com
1114 Settlers Creek Pl, Rapid City, SD 57701
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,999
- See 1114 Settlers Creek Pl, Rapid City, SD 57701 on Redfin.com
15082 220Th St, Box Elder, SD 57719
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,785
- See 15082 220Th St, Box Elder, SD 57719 on Redfin.com
3530 Joseph Ct, Sturgis, SD 57785
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,393
- See 3530 Joseph Ct, Sturgis, SD 57785 on Redfin.com
24010 Bridle Ridge Ct, Rapid City, SD 57701
- Price: $489,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,161
- See 24010 Bridle Ridge Ct, Rapid City, SD 57701 on Redfin.com
1246 Pinnacle Ct, Rapid City, SD 57701
- Price: $494,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,302
- See 1246 Pinnacle Ct, Rapid City, SD 57701 on Redfin.com
24294 Metz Rd, Keystone, SD 57751
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 896
- See 24294 Metz Rd, Keystone, SD 57751 on Redfin.com
