Federal Housing Finance Agency Home Price Index (FHFA HPI):
Rapid City, SD Federal Housing Finance Agency Home Price Index (FHFA HPI)
Rapid City, SD is a Federal Housing Finance Agency home price index that comprises counties including Meade County, and Custer County. Its most recent index value is 349.03.
Rapid City, SD Housing Market: Real Estate Trends & House Price Index
In the fourth quarter of 2019, the FHFA House Price Index for Rapid City, SD was 195.7. This is a 0.4% increase from the previous quarter, and a 4.2% increase from one year ago. The index is a measure of home equity, or the value of a home after subtracting outstanding mortgage debt.
Rapid City's housing market has been strong in recent years, as evidenced by the rising house price index. Home values have increased steadily, and there is high demand for both buying and renting homes in the area.
The rise in home equity is good news for homeowners in Rapid City, as it means their homes are worth more than they owe on their mortgages. It also indicates that there is strong demand for housing in the area and that prices are likely to continue to rise in the future. This is good news for those looking to buy a home in Rapid City, as they can expect to see appreciation on their investment over time.
Price Index: Rapid City, SD
Counties List for this HPI
| Name | State | Metromicro | Fips State Code | Fips County Code | Region Type | Population |
|---|---|---|---|---|---|---|
| Pennington County | South Dakota | Metropolitan | 46 | 103 | Central | 113,144 |
| Meade County | South Dakota | Metropolitan | 46 | 093 | Central | 25,311 |
| Custer County | South Dakota | Metropolitan | 46 | 033 | Outlying | 8,474 |
Cities in Rapid City, SD
| Name | State | Population |
|---|---|---|
| Rapid City | South Dakota | 97,848 |
| Sturgis | South Dakota | 9,031 |
| Box Elder | South Dakota | 8,167 |
| Black Hawk | South Dakota | 7,198 |
| Custer | South Dakota | 5,900 |
| Piedmont | South Dakota | 4,387 |
| Ellsworth Afb | South Dakota | 3,035 |
| Hill City | South Dakota | 2,270 |
| Hermosa | South Dakota | 2,265 |
| New Underwood | South Dakota | 1,589 |
Zip codes in Rapid City, SD
| Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
|---|---|---|---|---|---|---|---|---|
| 57741 | 71 | 15.6 | America/Denver | 44.40493 | -103.46671 | Fort Meade | Meade County | South Dakota |
| 57758 | 79 | 0.1 | America/Denver | 44.97064 | -102.69678 | Mud Butte | Meade County | South Dakota |
| 57792 | 140 | 0.2 | America/Denver | 44.53919 | -102.41636 | White Owl | Meade County | South Dakota |
| 57787 | 351 | 0.2 | America/Denver | 44.68205 | -102.65549 | Union Center | Meade County | South Dakota |
| 57626 | 1,019 | 0.3 | America/Denver | 44.99261 | -102.20973 | Faith | Meade County | South Dakota |
| 57706 | 3,035 | 182.2 | America/Denver | 44.15719 | -103.09356 | Ellsworth Afb | Meade County | South Dakota |
| 57769 | 4,387 | 13.4 | America/Denver | 44.24855 | -103.30207 | Piedmont | Meade County | South Dakota |
| 57718 | 7,198 | 122.8 | America/Denver | 44.17891 | -103.36480 | Black Hawk | Meade County | South Dakota |
| 57785 | 9,031 | 5.8 | America/Denver | 44.42539 | -103.22842 | Sturgis | Meade County | South Dakota |
| 57738 | 121 | 0.3 | America/Denver | 43.65073 | -103.12421 | Fairburn | Custer County | South Dakota |
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