Rapid City, SD · South Dakota

Pennington County

ZIP 57780

112,081 residents560 permits TTM$70,768 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$270,400

ACS 5-Year

Cap rate proxy

4.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.1%

HUD FMR ÷ ACS HHI

Net migration

+2.05%

IRS SOI

Permits (TTM)

560

Census BPS

Climate risk

78.6

FEMA NRI (0–100)

ZIP 57780

Median home value

Gross yield

Cap rate

4.7%

Rent gap

Affordability

P/I: 3.8R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown9 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
577254.7%
577754.7%
577804.7%
577015.2%
577034.7%

Ranked by composite score

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Demographics

Owner-occupied

69.1%

Census ACS

Vacancy rate

9.8%

Census ACS

Bachelor's degree +

34.1%

Census ACS

Rent burdened

44.4%

Census ACS (>30% income)

Median age

39.7

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026