Living in Rapid Valley, South Dakota
Cost of living, income, home prices, rent and demographics of Rapid Valley · Census data 2020–2024
Rapid Valley has 6,975 residents with a median age of 43.2. The median household income is $83,208 (11% higher than the South Dakota median), the median home value is $255,500, the median rent is $1,174/month.
Rapid Valley at a glance
- Population
- 6,975
- Median age
- 43.2State: 38
- Median household income
- $83,208State: $75,081
- Median home value
- $255,500State: $257,400
- Median rent
- $1,174/moState: $946
- Homeowners
- 92.3%
- Bachelor's degree or higher
- 19.8%
- Average commute
- 20 min
Is Rapid Valley a good place to live?
Pros: Median household income 11% higher than the South Dakota median; home values about the same as the state median; a poverty rate of 4.5%.
Cons: An average commute of 20 minutes; unemployment of 4.3%.
The weather is best in June to September.
Cost of living in Rapid Valley
Housing is the biggest part of the cost of living. In Rapid Valley the median home value is $255,500, 23% lower than the U.S. median. Renters pay a median of $1,174 per month, which is 23.3% of household income. Homeowners with a mortgage pay $1,633 a month in housing costs.
Rapid Valley median household income
The median household income in Rapid Valley is $83,208 and the income per person is $41,281. 4.5% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Rapid Valley: homes for sale and rent
- Housing units
- 3,192
- Owner-occupied
- 92.3%
- Renter-occupied
- 7.7%
- Vacant
- 0.7%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.20
Rapid Valley demographics
- Population
- 6,975
- Median age
- 43.2
- Under 18
- 18.6%
- 65 and older
- 18.5%
- Households
- 3,170
- Foreign-born
- 4.9%
- Veterans
- 12.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Rapid Valley ›
Education in Rapid Valley
19.8% of adults 25 and older in Rapid Valley have a bachelor's degree or higher (South Dakota: 31.9%), and 6.3% have a graduate or professional degree.
Jobs and commute in Rapid Valley
- Unemployment rate
- 4.3%State: 2.9%
- Average commute
- 20 minState: 18 min
- Work from home
- 9.2%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 1.9%
- Homes with broadband
- 95%
Rapid Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Rapid Valley | 6,975 | $83,208 | $255,500 | $1,174 |
| Green Valley | 1,642 | $81,582 | $280,300 | — |
| Box Elder | 12,902 | $73,008 | $302,100 | $1,491 |
| Ashland Heights | 1,105 | $57,353 | $219,600 | — |
| Rapid City | 77,946 | $70,870 | $299,400 | $1,109 |
| Colonial Pine Hills | 2,609 | $98,696 | $406,500 | — |
| Blackhawk | 2,934 | $71,993 | $273,300 | — |
| Summerset | 3,022 | $119,271 | $368,300 | $1,288 |
| New Underwood | 509 | $56,250 | $193,800 | $850 |
More for people moving to Rapid Valley
Rapid Valley ZIP code ›Weather and climate ›Living in Rapid Valley: FAQ
What is the median household income in Rapid Valley, SD?
The median household income in Rapid Valley is $83,208, 11% higher than the South Dakota median of $75,081 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Rapid Valley?
The median home value in Rapid Valley is $255,500, compared with $257,400 in South Dakota.
How much is rent in Rapid Valley?
The median gross rent in Rapid Valley is $1,174 per month, about 23.3% of household income.
Is Rapid Valley, SD a good place to live?
Pluses: median household income 11% higher than the South Dakota median; home values about the same as the state median; a poverty rate of 4.5%. Minuses: an average commute of 20 minutes; unemployment of 4.3%.
What is the median age in Rapid Valley?
The median age in Rapid Valley is 43.2 years (South Dakota: 38).
How long is the commute in Rapid Valley?
The average commute to work in Rapid Valley is 20 minutes; 9.2% of workers work from home.
What is the unemployment rate in Rapid Valley?
The unemployment rate in Rapid Valley is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rapid Valley?
19.8% of adults in Rapid Valley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: