House Prices

School of Mines Rapid City, SD House Prices & Home Values 2026


Average Data

average house price$195,816
average size per house1531 ft²
average price per ft²131 $ / ft²

04/17/2026 - The value range (VR) for house prices in School of Mines Rapid City, SD is $124.45/ sqft to $137.55/ sqft. An average home with 1531 sqft costs approximately $194,725 to $215,223. Rapid City, SD includes 1 ZIP codes and it is located in Pennington county. The lowest prices are found in ZIP 57701, while the highest are in ZIP 57701. The average price per sqare feet is $131. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes School of Mines Rapid City

57701128 $ / ft²




Historical development of home values in School of Mines Rapid City

Year Estimated value (USD) Change vs. 2025
2010 $90,940 -53.6%
2011 $87,424 -55.4%
2012 $87,188 -55.5%
2013 $90,447 -53.8%
2014 $94,945 -51.5%
2015 $99,818 -49.0%
2016 $105,027 -46.4%
2017 $110,696 -43.5%
2018 $116,815 -40.3%
2019 $122,232 -37.6%
2020 $128,551 -34.4%
2021 $146,213 -25.3%
2022 $170,451 -13.0%
2023 $179,749 -8.2%
2024 $190,147 -2.9%
2025 $195,816 0.0%

Graph: estimated home values in School of Mines Rapid City over time (USD)



Example: 100% financing house in School of Mines Rapid City

Loan amount: $195,816

Interest rate: 6.13%

Fixed monthly payment: $1,190.69

Breakdown in the 1st month:
Interest portion: $1,000.62  –  Principal portion: $190.07

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,942.23 $2,345.99 $193,470.01
2 $11,794.26 $2,493.96 $190,976.05
3 $11,636.96 $2,651.26 $188,324.79
4 $11,469.74 $2,818.49 $185,506.30
5 $11,291.97 $2,996.26 $182,510.05
6 $11,102.98 $3,185.24 $179,324.81
7 $10,902.08 $3,386.14 $175,938.66
8 $10,688.51 $3,599.72 $172,338.95
9 $10,461.46 $3,826.76 $168,512.19
10 $10,220.10 $4,068.13 $164,444.06
11 $9,963.51 $4,324.72 $160,119.34
12 $9,690.73 $4,597.49 $155,521.85
13 $9,400.75 $4,887.47 $150,634.38
14 $9,092.49 $5,195.74 $145,438.65
15 $8,764.78 $5,523.45 $139,915.20
16 $8,416.39 $5,871.83 $134,043.37
17 $8,046.04 $6,242.18 $127,801.19
18 $7,652.33 $6,635.90 $121,165.30
19 $7,233.78 $7,054.44 $114,110.85
20 $6,788.83 $7,499.39 $106,611.47
21 $6,315.83 $7,972.40 $98,639.07
22 $5,812.98 $8,475.24 $90,163.83
23 $5,278.42 $9,009.80 $81,154.03
24 $4,710.15 $9,578.08 $71,575.95
25 $4,106.03 $10,182.20 $61,393.76
26 $3,463.80 $10,824.42 $50,569.34
27 $2,781.07 $11,507.15 $39,062.19
28 $2,055.28 $12,232.94 $26,829.25
29 $1,283.71 $13,004.51 $13,824.74
30 $463.48 $13,824.74 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in School of Mines Rapid City, SD


1500 sqft3900 sqft
Ø selling price$242,996$516,919
Ø fast selling$220,906$465,227
Ø high price sale$265,087$568,611

In 2026, houses in School of Mines Rapid City, SD will be offered at an average price of $131 per square foot. A 1,500 sqft home priced at $242,996 is 23.51% more expensive per square foot than a 3,900 sqft home priced at $516,919. Home prices in School of Mines Rapid City, SD vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $357,867. Sellers who can wait longer may achieve a higher price of up to $437,393.


School of Mines Neighborhood, Rapid City, SD

Location and Lifestyle

The School of Mines neighborhood in Rapid City, SD centers around the South Dakota Mines campus, blending academic energy with small-town friendliness.
Located just east of Downtown Rapid City, residents enjoy quick access to Main Street Square, Memorial Park, and the city?s cultural venues.
Tree-lined streets and campus green spaces create a walkable environment popular with students, faculty, and professionals.

Housing and Real Estate

Housing options range from classic bungalows and duplexes to modern apartments and student rentals, offering competitive prices by Black Hills standards.
Consistent demand from the university supports stable occupancy rates and makes the area attractive for investors and first-time buyers.
Off-street parking, bike lanes, and improving streetscapes add everyday convenience for commuters and pedestrians.

Amenities and Access

Dining, coffee shops, labs, and the campus Museum of Geology sit within minutes, while RapidRide bus routes connect the neighborhood to the rest of Rapid City.
Outdoor lovers appreciate proximity to the Hanson-Larsen Memorial Park trail system, Founders Park, and a direct drive to the Black Hills and Badlands day trips.
Major corridors like SD-44 (Omaha St) and I-90 via Lacrosse Street simplify commuting for students and professionals working across the metro.
With its academic heartbeat, central location, and growing amenities, the School of Mines neighborhood offers a balanced lifestyle and strong long-term value.



FAQ – Home Values in School of Mines Rapid City

What is the median home value in School of Mines Rapid City in 2026?

In 2026, the typical home value in School of Mines Rapid City is about $195,816 for an average home size of 1531 square feet. This corresponds to an average price of roughly $131 per square foot.

What is the average cost per square foot in School of Mines Rapid City?

In 2026, homes in School of Mines Rapid City sell for an average of around $131 per square foot, with a typical range between $124.45 and $137.55 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in School of Mines?

The average home size in School of Mines Rapid City is about 1531 square feet, with an estimated 2026 value around $195,816.



Neighborhoods close to School of Mines Rapid City, SD

McKennan Park Sioux Falls, SD114 $ / ft²
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