HomeSouth DakotaPennington CountyRapid City city
Rapid City city, South Dakota: commercial real estate data.
Rapid City city is a Census city of 77,946 people across 55.98 square miles of land, in Pennington County. Median household income is $70,870, 62.9 percent of occupied homes are owned, and the SBA record carries 170 7(a) approvals to borrowers here worth $56.0 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Rapid City
What Rapid City is
- Census place typecity
- Land area55.98 sq mi
- Water area0.06 sq mi
- Population per square mile of land1,392
- County holding the largest share of its areaPennington County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid City
How many people live in Rapid City
- Population77,946
- Median age39.1
- Population under 1817,122
- Share under 1822.0 percent
- Population 65 and over16,108
- Share 65 and over20.7 percent
- Households32,368
- Family households18,023
- Share of households that are families55.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid City
Income and work in Rapid City
- Median household income$70,870
- Per capita income$42,204
- Civilian labor force39,452
- Employed38,439
- Unemployed1,013 plus or minus 238
- Unemployment rate2.6 percent plus or minus 0.6
- Adults 25 and over53,749
- Adults 25 and over with a high school diploma or higher94.5 percent
- Adults 25 and over with a bachelor degree or higher37.0 percent
- Adults 25 and over with a graduate degree14.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid City
Housing in Rapid City
- Housing units35,577
- Occupied units32,368
- Vacant units3,209
- Vacancy rate9.0 percent
- Owner occupied20,375
- Renter occupied11,993
- Ownership rate62.9 percent
- Median owner-occupied home value$299,400
- Median gross rent, monthly$1,109
- Annual rent as a share of median income18.8 percent
- Single family units22,942
- Share single family64.5 percent
- Units in buildings of two or more10,916
- Share in buildings of two or more30.7 percent
- Mobile homes1,631
- Median year structure built1979
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid City
How Rapid City gets to work
- Workers 16 and over who commute34,769
- Commuting under 15 minutes15,719
- Share commuting under 15 minutes45.2 percent
- Commuting 30 minutes or more4,049
- Share commuting 30 minutes or more11.6 percent
- Drove alone76.7 percent
- Carpooled9.3 percent
- Public transport0.2 percent plus or minus 0.2
- Walked1.8 percent plus or minus 0.6
- Worked from home10.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid City
SBA loans in Rapid City (7(a))
- Approvals170
- Gross approval$56,018,600
- Average approval$329,521
- Median approval$103,500
- Ninetieth percentile approval$850,000
- Largest approval$3,552,800
- Jobs supported1,444
- Jobs per approval8.5
- Loans with a final outcome51
- Paid in full48
- Charged off3
- Charge-off rate over resolved loans5.9 percent
- Median term120 months
- Share on real estate terms of 20 years or more7.1 percent
- Share to franchises11.2 percent
- Distinct lenders30
- Distinct industries by NAICS93
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Rapid City
SBA loans in Rapid City (504)
- Approvals130
- Gross approval$93,122,000
- Average approval$716,323
- Median approval$436,000
- Largest approval$5,000,000
- Jobs supported936
- Loans with a final outcome35
- Charged off2
- Charge-off rate over resolved loans5.7 percent
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Pennington County, not Rapid City
Pennington County context, not Rapid City figures
These are Pennington County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Rapid City measurements.
- Establishments in Pennington County4,137
- Employment at those establishments, Pennington County52,402
- Covered employment, Pennington County62,114
- Average annual pay, Pennington County$57,286
- Average weekly wage, Pennington County$1,102
- Housing units permitted, Pennington County1,183
- Of those, single family, Pennington County447
- County product, 2024, Pennington County$8,688,330,000
- County product change over the prior year, Pennington County5.6 percent
- Average income of an arriving household, Pennington County$79,958
Every figure in this section is published for Pennington County as a whole and is not a measurement of Rapid City. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Rapid City questions, answered from the record.
How many people live in Rapid City, South Dakota?
77,946, in 32,368 households. Rapid City city covers 55.98 square miles of land, which is 1,392 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Rapid City in?
Pennington County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Rapid City?
$70,870. The median owner-occupied home is valued at $299,400. Median gross rent is $1,109 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Rapid City businesses?
170 7(a) approvals totalling $56.0 m, across 30 lenders, median approval $103,500, plus 130 504 approvals worth $93.1 m. These count approvals to borrowers whose address is in Rapid City, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Rapid City borrowers get paid back?
Of the 51 loans that have reached a final outcome, 48 were paid in full and 3 charged off, a charge off rate of 5.9 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Rapid City figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Pennington County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Rapid City.
Is zoning published for Rapid City?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.