HomeSouth DakotaPennington CountyRapid Valley CDP
Rapid Valley CDP, South Dakota: commercial real estate data.
Rapid Valley CDP is a Census CDP of 6,975 people across 6.41 square miles of land, in Pennington County. Median household income is $83,208, 92.3 percent of occupied homes are owned.
50 sourced place values · tier FULL · 6 sections
Rapid Valley
What Rapid Valley is
- Census place typeCDP
- Land area6.41 sq mi
- Water area0 sq mi
- Population per square mile of land1,088
- 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 Valley
How many people live in Rapid Valley
- Population6,975
- Median age43.2
- Population under 181,300 plus or minus 296
- Share under 1818.6 percent
- Population 65 and over1,292 plus or minus 278
- Share 65 and over18.5 percent
- Households3,170
- Family households1,733
- Share of households that are families54.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid Valley
Income and work in Rapid Valley
- Median household income$83,208
- Per capita income$41,281
- Civilian labor force4,041
- Employed3,868
- Unemployed173 plus or minus 163
- Unemployment rate4.3 percent plus or minus 4.0
- Adults 25 and over5,020
- Adults 25 and over with a high school diploma or higher92.6 percent
- Adults 25 and over with a bachelor degree or higher19.8 percent plus or minus 4.4
- Adults 25 and over with a graduate degree6.3 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid Valley
Housing in Rapid Valley
- Housing units3,192
- Occupied units3,170
- Vacant units22 plus or minus 36
- Vacancy rate0.7 percent plus or minus 1.1
- Owner occupied2,927
- Renter occupied243 plus or minus 147
- Ownership rate92.3 percent
- Median owner-occupied home value$255,500
- Median gross rent, monthly$1,174
- Annual rent as a share of median income16.9 percent plus or minus 3.9
- Single family units2,689
- Share single family84.2 percent
- Units in buildings of two or more151 plus or minus 123
- Share in buildings of two or more4.7 percent plus or minus 3.8
- Mobile homes352 plus or minus 149
- Median year structure built1988
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Rapid Valley
How Rapid Valley gets to work
- Workers 16 and over who commute3,606
- Commuting under 15 minutes1,272 plus or minus 367
- Share commuting under 15 minutes35.3 percent plus or minus 8.8
- Commuting 30 minutes or more429 plus or minus 194
- Share commuting 30 minutes or more11.9 percent plus or minus 5.1
- Drove alone81.5 percent
- Carpooled4.3 percent plus or minus 2.5
- Public transport0.0 percent
- Walked1.9 percent plus or minus 2.7
- Worked from home9.2 percent plus or minus 4.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington County, not Rapid Valley
Pennington County context, not Rapid Valley 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 Valley 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 Valley. 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.
- No SBA approvals are recorded to a borrower address in this place in either FOIA release.
- 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 Valley questions, answered from the record.
How many people live in Rapid Valley, South Dakota?
6,975, in 3,170 households. Rapid Valley CDP covers 6.41 square miles of land, which is 1,088 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Rapid Valley 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 Valley?
$83,208. The median owner-occupied home is valued at $255,500. Median gross rent is $1,174 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Are the county figures on this page Rapid Valley 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 Valley.
Is zoning published for Rapid Valley?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.