Rapid Valley, SD Real Estate
According to census data in the year 2000 there were 2,475 housing units in Rapid Valley.
This represents a 18.2% growth from 2,094 in 1990.
Of those housing units, 2,096 were located in either urbanized areas or urban clusters, and 379 were located in what is classified as a rural area.
Homeownership rate in Rapid Valley is about 85.4%.
Rapid Valley's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.93 people.
The majority of houses, apartments or condos in Rapid Valley were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.20% |
| Two Bedrooms | 22.70% |
| Three Bedrooms | 52.80% |
| Four Bedrooms | 17.90% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $79,400 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1974 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 11.50% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 68.30% |
| Debt Free | 13.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
