Rapid Valley CDP
South Dakota
Rapid Valley, South Dakota, offers a compelling blend of affordability and a relaxed lifestyle, making it an attractive option for those seeking a fresh start. With a population of just over 7,300, this community exudes a friendly, close-knit atmosphere. The real draw? The housing market. Here, the median home value hovers around $197,700, significantly below the national average. This affordability opens doors for first-time homebuyers or those looking to stretch their dollar further. The median household income is a healthy $76,827, which indicates a good quality of life. Rapid Valley is all about enjoying the simple pleasures, perfect for those who appreciate a slower pace.
From an investment perspective, Rapid Valley presents a solid opportunity. The housing market's affordability, coupled with a stable median income, creates a desirable environment for both homeowners and investors. While specific unemployment figures aren't available, the overall economic health of the area suggests a favorable job market. Safety is also a key factor, with a low crime rate contributing to the peace of mind of its residents. Rapid Valley is best suited for families, retirees, and anyone looking for a budget-friendly locale without sacrificing quality of life.
Rapid Valley CDP, South Dakota at a Glance
Rapid Valley CDP is a neighborhood in South Dakota with a population of approximately 7,324. The median home value is $197,700 and the median household income is $76,827.. The violent crime rate is 3.7 per 1,000 residents, compared to the national average of 3.6. Air quality is rated Good. The overall climate risk is rated as "Relatively High." Median rent is $1,327 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$197,700
Median Income
$76,827
Population
7,324
Walk Score
N/A
Air Quality
AQI 36
Good
Climate Risk
Relatively High
Good
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- Population
- 7,324
- Median Age
- N/A
- Median Household Income
- $76,827
3% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 11.0%
11% below nat'l avg
- Median Home Value
- $197,700
30% below nat'l avg
- Median Rent
- $1,327
14% above nat'l avg
- Homeownership Rate
- 93.7%
42% above nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 3.7 per 1K
3% above nat'l avg
- Property Crime Rate
- 3.8 per 1K
80% below nat'l avg
- AQI
- 36
14% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively High
- Risk Score
- 88.79
Top Hazards
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 13.3¢/kWh
20% below nat'l avg
- Est. Monthly Electric
- $120
12% below nat'l avg
- Unemployment Rate
- 3.1%
16% below nat'l avg
- Poverty Rate
- 11.0%
11% below nat'l avg
Political Landscape
↗ Trending more Democratic
Based on Hyde County county-level presidential election data
Culture & Things to Do in Rapid Valley CDP
Black Hills Stock Show & Rodeo
An annual event featuring livestock shows, rodeos, and agricultural exhibits.
Sturgis Motorcycle Rally
A large motorcycle rally held annually in nearby Sturgis, attracting visitors from around the world.
Rapid City Farmers Market
A weekly market offering locally grown produce, crafts, and other goods.
Black Hills Powwow
A celebration of Native American culture with dance, music, and art.