2026 Affordability Data
Most Affordable Neighborhoods in Rapid - 2026 Data
The median home value in Rapid is $240,000, 15% below nat'l avg. Median rent is $797/month. With an affordability index of 63, Rapid is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Rapid, SD area.
Key Takeaways: Affordability in Rapid
- 1The most affordable neighborhood in Rapid is Vermillion, with a median home value of $192,400.
- 2Rapid's median home value is $240,000, 15% below nat'l avg (national: $281,900).
- 3Rapid's affordability index is 63 (baseline 100), making it less affordable than the national average.
- 4Median rent in Rapid is $797/month, 31% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Rapid to find the most affordable areas based on home values, rent, and affordability index.
Rapid Affordability Overview
Median Home Value
$240,000
15% below nat'l avg
Median Rent
$797/mo
31% below nat'l avg
Median Income
$52,340
30% below nat'l avg
Affordability Index
63
37% below nat'l avg
Most Affordable Neighborhoods in Rapid (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | VermillionSD | $192,400 |
| 2 | MitchellSD | $168,400 |
| 3 | BrookingsSD | $222,100 |
| 4 | HuronSD | $133,600 |
| 5 | WatertownSD | $198,100 |
| 6 | Box ElderSD | $264,600 |
| 7 | AberdeenSD | $192,200 |
| 8 | YanktonSD | $191,400 |
| 9 | BrandonSD | $304,700 |
| 10 | SpearfishSD | $271,400 |
| 11 | PierreSD | $216,700 |
| 12 | Sioux FallsSD | $250,000 |
| 13 | North Sioux CitySD | $198,600 |
| 14 | TeaSD | $268,500 |
| 15 | Dell RapidsSD | $256,900 |
Detailed Neighborhood Profiles
Home Value: $192,400
Rent: $792/mo
Affordability: 314
Population: 11,667
Home Value: $168,400
Rent: $792/mo
Affordability: 314
Population: 15,656
Home Value: $222,100
Rent: $792/mo
Affordability: 314
Population: 23,530
4
Home Value: $133,600
Rent: $792/mo
Affordability: 314
Population: 14,179
5
Home Value: $198,100
Rent: $792/mo
Affordability: 314
Population: 22,718
6
Home Value: $264,600
Rent: $792/mo
Affordability: 314
Population: 11,905
7
Home Value: $192,200
Rent: $792/mo
Affordability: 314
Population: 28,388
8
Home Value: $191,400
Rent: $792/mo
Affordability: 314
Population: 15,421
9
Home Value: $304,700
Rent: $792/mo
Affordability: 314
Population: 10,919
10
Home Value: $271,400
Rent: $792/mo
Affordability: 314
Population: 12,268
11
Home Value: $216,700
Rent: $792/mo
Affordability: 314
Population: 14,105
12
Home Value: $250,000
Rent: $739/mo
Affordability: 47
Population: 192,517
Walk Score: 89/100
13
Home Value: $198,600
Population: 2,984
14
Home Value: $268,500
Rent: $1,131/mo
Population: 5,922
15
Home Value: $256,900
Rent: $915/mo
Population: 3,953
Frequently Asked Questions About Affordability in Rapid
What is the most affordable neighborhood in Rapid, SD?▾
Based on 2026 data, Vermillion is the most affordable neighborhood in Rapid with a median home value of $192,400. Kurby analyzed 15 neighborhoods in the Rapid area to compile these rankings.
What is the median home price in Rapid, SD?▾
The median home price in Rapid is $240,000, which is 15% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Rapid affordable compared to the national average?▾
Rapid has an affordability index of 63, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Rapid, SD?▾
The median monthly rent in Rapid is $797. This is 31% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Rapid?▾
The median household income in Rapid is $52,340 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Rapid are below the national average home price?▾
14 out of 15 ranked neighborhoods in Rapid have a median home value below the national average of $281,900. The most affordable is Vermillion at $192,400 (Source: Kurby, 2026).