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South Dakota · Census place 53007

Rapid Valley CDP, SD

Quick answer

Rapid Valley CDP has 7,153 residents, ranking #15 of 485 places in South Dakota. Median household income is $85,217, the median home is worth $226,300 and median gross rent runs $1,263 a month.

Population
7,153Rapid Valley CDP residents
Median household income
$85,217Past 12 months, inflation adjusted
Median home value
$226,300Owner-occupied units
Median gross rent
$1,263Rent plus utilities, monthly
Median age
42.6 yrsAll residents
Homeownership rate
95.8%Owner-occupied households

What the numbers mean in Rapid Valley CDP

Housing cost measured against local earnings.

A household earning the Rapid Valley CDP median would spend about 17.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.9% of residents and 95.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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