How much is a home worth in ZIP code 57701?

The typical home in 57701 is worth $302,884, based on the Zillow Home Value Index.

Are home values rising in 57701?

Home values in 57701 are up 1.4% over the past year, and up 6.6% a year over five years.

What is the typical rent in 57701?

A typical home in 57701 rents for about $1,314 a month, a gross rental yield of 5.2%.

What is the property tax rate in 57701?

The effective property tax rate in 57701 is 1.0% — roughly $3,058 a year on a typical home.

ZIP code 57701 has a population of 45,795 and a median household income of $56,461.

HousingHandbookReference data

…

U.S. ZIP Code · SD57701

Pennington County · Rapid City, SD

Typical home value

$302,884^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.4%
5-year / yr: +6.6%
10-year / yr: +6.6%

Relative price

vs U.S.: +6.6%
vs metro: -26.6%
vs state: +1.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 57701 is worth $302,884 — 26.6% below the Rapid City, SD median. Over the past year, values have risen 1.4%. Homes here rent for a typical $1,314 a month — a 5.2% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,314^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,058^[3]

#Climate risk

FEMA National Risk Index ratings for Pennington County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Very Low
Heat wave: Relatively Low
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Relatively High

#Who lives here

Population: 45,795^[3]
Median household income: $56,461^[3]

#Migration

Household moves in and out of Pennington County over a year, from IRS tax-return data.

Net migration: +477^[5]
Moved in: 5,106
Moved out: 4,629

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 14
Elementary: 7
Middle: 2
High: 3

Central High School - 41
High · Grades 9–12 · Rapid City Area School District 51-4
2,020 students
South Middle School - 36
Middle · Grades 6–8 · Rapid City Area School District 51-4
502 students
North Middle School - 35
Middle · Grades 6–8 · Rapid City Area School District 51-4
480 students
General Beadle Elementary - 01
Elementary · Grades PK–5 · Rapid City Area School District 51-4
441 students
Grandview Elementary - 06
Elementary · Grades K–5 · Rapid City Area School District 51-4
409 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$15,763

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,532

Loan principal$242,307

Down payment$60,577

Total interest paid$309,050

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.55

Monthly cost to own$2,039

Monthly rent$1,314

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 25th percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 75th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 57701?: The typical home in 57701 is worth $302,884, based on the Zillow Home Value Index.
Are home values rising in 57701?: Home values in 57701 are up 1.4% over the past year, and up 6.6% a year over five years.
What is the typical rent in 57701?: A typical home in 57701 rents for about $1,314 a month, a gross rental yield of 5.2%.
What is the property tax rate in 57701?: The effective property tax rate in 57701 is 1.0% — roughly $3,058 a year on a typical home.
Who lives in 57701?: ZIP code 57701 has a population of 45,795 and a median household income of $56,461.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

57790 vs 57701 →
Wall, SD
Typical home
$316,284
Gross yield
—
57703 vs 57701 →
Rapid City, SD
Typical home
$359,453
Gross yield
5.3%
57719
Box Elder, SD
Typical home
$368,071
Gross yield
4.8%
57718
Blackhawk CDP, SD
Typical home
$374,889
Gross yield
—
57785
Sturgis, SD
Typical home
$390,930
Gross yield
—
57761
New Underwood, SD
Typical home
$412,616
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 57701 against any other ZIP — full side-by-side table.

Compare 57701 →

#Jump to section

U.S. ZIP Code · SD57701

Get more data on ZIPs like this

Get more data on ZIPs like this