House Prices

Shepherd Hills Rapid City, SD House Prices & Home Values 2026


Average Data

average house price$204,438
average size per house1598 ft²
average price per ft²137 $ / ft²

04/17/2026 - The value range (VR) for house prices in Shepherd Hills Rapid City, SD is $130.15/ sqft to $143.85/ sqft. An average home with 1598 sqft costs approximately $221,915 to $245,274. 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 $137. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Shepherd Hills Rapid City

57701134 $ / ft²




Historical development of home values in Shepherd Hills Rapid City

Year Estimated value (USD) Change vs. 2025
2010 $94,945 -53.6%
2011 $91,273 -55.4%
2012 $91,027 -55.5%
2013 $94,430 -53.8%
2014 $99,125 -51.5%
2015 $104,213 -49.0%
2016 $109,651 -46.4%
2017 $115,570 -43.5%
2018 $121,959 -40.3%
2019 $127,614 -37.6%
2020 $134,211 -34.4%
2021 $152,651 -25.3%
2022 $177,956 -13.0%
2023 $187,663 -8.2%
2024 $198,520 -2.9%
2025 $204,438 0.0%

Graph: estimated home values in Shepherd Hills Rapid City over time (USD)



Example: 100% financing house in Shepherd Hills Rapid City

Loan amount: $204,438

Interest rate: 6.40%

Fixed monthly payment: $1,279.04

Breakdown in the 1st month:
Interest portion: $1,090.68  –  Principal portion: $188.36

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,020.60 $2,327.87 $202,110.13
2 $12,867.12 $2,481.35 $199,628.78
3 $12,703.52 $2,644.95 $196,983.82
4 $12,529.13 $2,819.34 $194,164.48
5 $12,343.25 $3,005.23 $191,159.25
6 $12,145.10 $3,203.37 $187,955.88
7 $11,933.90 $3,414.58 $184,541.30
8 $11,708.77 $3,639.71 $180,901.60
9 $11,468.79 $3,879.68 $177,021.92
10 $11,213.00 $4,135.48 $172,886.44
11 $10,940.33 $4,408.14 $168,478.30
12 $10,649.70 $4,698.78 $163,779.52
13 $10,339.89 $5,008.58 $158,770.94
14 $10,009.67 $5,338.81 $153,432.14
15 $9,657.67 $5,690.81 $147,741.33
16 $9,282.46 $6,066.01 $141,675.31
17 $8,882.51 $6,465.96 $135,209.35
18 $8,456.20 $6,892.28 $128,317.08
19 $8,001.77 $7,346.70 $120,970.38
20 $7,517.39 $7,831.09 $113,139.29
21 $7,001.07 $8,347.41 $104,791.89
22 $6,450.70 $8,897.77 $95,894.11
23 $5,864.05 $9,484.42 $86,409.69
24 $5,238.72 $10,109.75 $76,299.94
25 $4,572.16 $10,776.31 $65,523.63
26 $3,861.66 $11,486.82 $54,036.81
27 $3,104.30 $12,244.17 $41,792.64
28 $2,297.02 $13,051.46 $28,741.19
29 $1,436.50 $13,911.97 $14,829.22
30 $519.26 $14,829.22 $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 Shepherd Hills Rapid City, SD


1500 sqft3900 sqft
Ø selling price$265,315$564,398
Ø fast selling$241,196$507,958
Ø high price sale$289,435$620,837

In 2026, houses in Shepherd Hills Rapid City, SD will be offered at an average price of $137 per square foot. A 1,500 sqft home priced at $265,315 is 24.54% more expensive per square foot than a 3,900 sqft home priced at $564,398. Home prices in Shepherd Hills 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 $390,737. Sellers who can wait longer may achieve a higher price of up to $477,567.


Shepherd Hills in Rapid City, SD

Overview

Shepherd Hills is a growing residential neighborhood on Rapid City?s east side known for quiet streets and wide-open views. Homebuyers appreciate its balanced mix of newer construction and established properties that fit a range of budgets.

Real Estate & Homes

The Shepherd Hills real estate market features single-family homes, townhomes, and buildable lots, offering options for first-time buyers and move-up purchasers. Buyers searching Shepherd Hills homes for sale in Rapid City, SD will find modern floor plans, attached garages, and practical yard space for pets or play. Competitive pricing and steady demand make this area appealing to investors looking for long-term stability.

Lifestyle & Amenities

Lifestyle perks include nearby parks, everyday shopping, and quick dining options without the congestion of busier corridors. Outdoor lovers enjoy easy weekend access to the Black Hills for hiking, biking, and scenic drives.

Location, Commute & Schools

Residents benefit from a straightforward commute via major Rapid City arterials and I?90, with downtown typically a short drive away. Families are served by Rapid City Area schools, and proximity to childcare and healthcare adds everyday convenience.

Why Choose Shepherd Hills

If you want a quiet, convenient, and value-forward neighborhood, Shepherd Hills blends small-community feel with Rapid City amenities and long-term growth potential.



FAQ – Home Values in Shepherd Hills Rapid City

What is the median home value in Shepherd Hills Rapid City in 2026?

In 2026, the typical home value in Shepherd Hills Rapid City is about $204,438 for an average home size of 1598 square feet. This corresponds to an average price of roughly $137 per square foot.

What is the average cost per square foot in Shepherd Hills Rapid City?

In 2026, homes in Shepherd Hills Rapid City sell for an average of around $137 per square foot, with a typical range between $130.15 and $143.85 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Shepherd Hills?

The average home size in Shepherd Hills Rapid City is about 1598 square feet, with an estimated 2026 value around $204,438.



Neighborhoods close to Shepherd Hills Rapid City, SD

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