Rapid City, SD
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1991 Q4 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is rapid city on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +1.8%
nominal +1.8%
Five years
Five years real +25.3%
nominal +45.1%
Ten years
Ten years real +54.5%
nominal +101.9%
Twenty-five years
Twenty-five years real +90.9%
nominal +238.2%
Since 2000
Since 2000 real +102.1%
nominal +268.2%
2007 to 2012
crash, real −8.8%
2007Q4 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 489.3 | 489.3 | real year on year +3.4% |
| 2025 Q4 | 473.4 | 473.4 | real year on year +2.2% |
| 2024 Q4 | 463.2 | 463.2 | real year on year +1.3% |
| 2023 Q4 | 444.3 | 457.4 | real year on year +1.0% |
| 2022 Q4 | 422.4 | 452.8 | real year on year +5.3% |
| 2021 Q4 | 371.3 | 429.9 | real year on year +18.0% |
| 2020 Q4 | 300.5 | 364.2 | real year on year +6.0% |
| 2019 Q4 | 280.0 | 343.5 | real year on year +2.7% |
| 2018 Q4 | 267.7 | 334.5 | real year on year +2.3% |
| 2017 Q4 | 255.5 | 327.0 | real year on year +3.0% |
| 2016 Q4 | 242.9 | 317.5 | real year on year +3.0% |
| 2015 Q4 | 233.0 | 308.4 | real year on year +1.8% |
| 2014 Q4 | 228.7 | 303.0 | real year on year +1.3% |
| 2013 Q4 | 222.2 | 299.2 | real year on year +2.8% |
| 2012 Q4 | 213.1 | 291.1 | real year on year +0.4% |
| 2011 Q4 | 207.9 | 289.9 | real year on year −3.8% |
| 2010 Q4 | 209.6 | 301.5 | real year on year −0.1% |
| 2009 Q4 | 206.4 | 301.8 | real year on year −0.7% |
| 2008 Q4 | 208.5 | 303.8 | real year on year −2.0% |
| 2007 Q4 | 205.0 | 310.1 | real year on year −0.8% |
| 2006 Q4 | 201.0 | 312.8 | real year on year +2.3% |
| 2005 Q4 | 190.4 | 305.9 | real year on year +2.8% |
| 2004 Q4 | 179.2 | 297.6 | real year on year +4.7% |
| 2003 Q4 | 166.7 | 284.2 | real year on year +3.5% |
| 2002 Q4 | 157.4 | 274.6 | real year on year +5.1% |
| 2001 Q4 | 147.5 | 261.3 | real year on year +3.4% |
| 2000 Q4 | 138.8 | 252.8 | real year on year +6.5% |
| 1999 Q4 | 126.1 | 237.4 | real year on year +0.7% |
| 1998 Q4 | 122.5 | 235.7 | real year on year +1.4% |
| 1997 Q4 | 119.0 | 232.5 | real year on year +2.8% |
| 1996 Q4 | 113.1 | 226.2 | real year on year +3.6% |
| 1995 Q4 | 106.0 | 218.2 | real year on year +0.1% |
| 1994 Q4 | 103.1 | 218.1 | real year on year +8.2% |
| 1993 Q4 | 92.8 | 201.5 | real year on year +2.7% |
| 1992 Q4 | 87.8 | 196.2 | real year on year +5.7% |
| 1991 Q4 | 80.6 | 185.7 | — |
2026 Q2489 · real 489real year on year +3.4%
2025 Q4473 · real 473real year on year +2.2%
2024 Q4463 · real 463real year on year +1.3%
2023 Q4444 · real 457real year on year +1.0%
2022 Q4422 · real 453real year on year +5.3%
2021 Q4371 · real 430real year on year +18.0%
2020 Q4301 · real 364real year on year +6.0%
2019 Q4280 · real 344real year on year +2.7%
2018 Q4268 · real 334real year on year +2.3%
2017 Q4256 · real 327real year on year +3.0%
2016 Q4243 · real 318real year on year +3.0%
2015 Q4233 · real 308real year on year +1.8%
Show all 36 years
2014 Q4229 · real 303real year on year +1.3%
2013 Q4222 · real 299real year on year +2.8%
2012 Q4213 · real 291real year on year +0.4%
2011 Q4208 · real 290real year on year −3.8%
2010 Q4210 · real 301real year on year −0.1%
2009 Q4206 · real 302real year on year −0.7%
2008 Q4209 · real 304real year on year −2.0%
2007 Q4205 · real 310real year on year −0.8%
2006 Q4201 · real 313real year on year +2.3%
2005 Q4190 · real 306real year on year +2.8%
2004 Q4179 · real 298real year on year +4.7%
2003 Q4167 · real 284real year on year +3.5%
2002 Q4157 · real 275real year on year +5.1%
2001 Q4148 · real 261real year on year +3.4%
2000 Q4139 · real 253real year on year +6.5%
1999 Q4126 · real 237real year on year +0.7%
1998 Q4122 · real 236real year on year +1.4%
1997 Q4119 · real 232real year on year +2.8%
1996 Q4113 · real 226real year on year +3.6%
1995 Q4106 · real 218real year on year +0.1%
1994 Q4103 · real 218real year on year +8.2%
1993 Q493 · real 202real year on year +2.7%
1992 Q488 · real 196real year on year +5.7%
1991 Q481 · real 186—
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 39660. Real terms by the World Bank's US consumer price index, annual.