Rapid City, SD Residential Land & Home Lots for Sale

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Aberdeen, SD Summerset, SD Box Elder, SD Piedmont, SD Black Hawk, SD Keystone, SD Nemo, SD Sturgis, SD

86 properties

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Updated: Jun 18

Land with Panoramic Black Hills Views

4022 Linden Ln, Rapid City, SD 57702

$325,000

1.93 AC lot

Panoramic views of Skyline Drive, Canyon Lake, and the Black Hills within city limits.
Zoned Medium Density Residential offering flexibility for single family, duplex, townhome, or multi‑unit development (buyer to verify).
Spans two parcels, providing ample space and potential.
No covenants, offering freedom and control over property use.
In‑town convenience, combining natural beauty with urban accessibility.

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Updated: Jul 15

Gated Residential Development Lot

Lot17 A W Minnesota Street, Rapid City, SD 57701

$785,000

10.85‑acre lot in The Summit Collection at Scotland Hills, a gated community where you can build a custom home
House site is currently in process of completion, with space for a shop, workshop, or outbuildings
City water, power, natural gas, fiber, and asphalt road access are already in place at the lot line
Septic system required
Lot is pending final plat approval; size and layout may be subject to change

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Gated Custom Home Building Lot

Lot 17 C W Minnesota Street, Rapid City, SD 57701

$550,000

Gated residential lot with utilities at the lot line and septic required for construction.

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Unimproved Land

160a Hidden Valley Lane, Rapid City, SD 57702

$3,000,000

Residential land & home lots

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East-Facing Residential Build Lot

TBD Lot 15 Villaggio Lane, Rapid City, SD 57702

$169,900

0.46 AC lot

Gently sloping east-facing lot with mature trees and natural rock formations in Villaggio at Golden Eagle.

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Custom Home Lot in Gated Community

Lot 17 D W Minnesota Street, Rapid City, SD 57701

$875,000

Gated homebuilding lot with utilities and asphalt road access at the lot line, pending final plat approval.

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Custom Home Lot in Residential Subdivision

5533 Cloud Peak Drive, Rapid City, SD 57702

$220,000

0.55 AC lot

Build-ready lot in Highpointe Ranch North with utilities available at the lot line.

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Land

160a Hidden Valley Trail, Rapid City, SD 57702

$3,000,000

Residential land & home lots

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Executive Lot in Highpointe Ranch North

5609 Cloud Peak Drive, Rapid City, SD 57702

$270,000

0.87 AC lot

Buildable residential lot in Highpointe Ranch North with essential utilities available at the lot line.

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Land Parcel with Interstate Exposure

Harmony Heights Lane, Rapid City, SD 57702

$399,900

7.47 AC lot

7.47-acre parcel opposite Harmony Heights Apartments, positioned for potential medium- to high-density residential development.

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Residential Home Lot for Sale

Lot 11 Overview Lane, Rapid City, SD 57702

$225,000

For-sale residential land parcel, offered as Lot 11 Overview Ln, suited for building a custom home.

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Residential Lots in Copperfield Vista

3129 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City location.

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Residential Lots in Copperfield Vista

3124 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City location.

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Vacant Land

Tbd Lot 6 Ambush Ranch Road, Rapid City, SD 57703

$176,000

Residential land & home lots

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Residential Lot in Copperfield Vista

3203 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Residential lot for sale in Rapid City's growing Copperfield Vista.

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Residential Lot in Rapid City

3116 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Residential lot for sale in a growing Rapid City subdivision.

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Vacant Land

Tbd Lot 9 Ambush Ranch Road, Rapid City, SD 57703

$185,000

Residential land & home lots

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Residential Lots in Copperfield Vista

3132 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium residential lots in a growing Rapid City subdivision.

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Vacant Land

Lot 9 Overview Lane, Rapid City, SD 57702

$212,000

Residential land & home lots

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Residential Lots in Copperfield Vista

3204 Fran Way, Rapid City, SD 57703

$81,700

0.25 AC lot

Premium lots in Copperfield Vista subdivision, Rapid City, South Dakota.

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Vacant Land

Lot 21 Overview Lane, Rapid City, SD 57702

$215,000

Residential land & home lots

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Residential Lots in Copperfield Vista

3218 Fran Way, Rapid City, SD 57703

$87,150

0.29 AC lot

Premium residential lots in a growing Rapid City location.

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Rapid City Hilltop Development Opportunity

Hanover Dr, Rapid City, SD

Contact for pricing

17.23 AC lot

17.23 acres for residential development with panoramic views.

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Residential Land in Copperfield Vista

3212 Fran Way, Rapid City, SD 57703

$81,700

0.24 AC lot

Premium lots in Copperfield Vista subdivision, Rapid City, SD.

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Rapid City, SD Residential Land & Home Lots Market Trends and Statistics

Explore 86 residential land & home lots for sale in Rapid City, SD, showcased through 86 active listings on our real estate platform. These investment opportunities span a total of 5,961,186 square feet of properties for sale, with an estimated market value of $23,188,679.

Sale prices for home sites in Rapid City, SD start at $34,500, averaging $279,381, and reaching up to $3,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 99K

Population Growth (5Y) +3.2%

Median Household Income $70,356

College Educated 33.1%

High-Yield Neighborhoods for Investment

Identify Rapid City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Rapid City - 57701	$217.4K
Box Elder - 57719	$560.5K

Taxes & Financing

Tax Rate (average for all types) 1.36%

Property Tax per SF $31.57 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pennington County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Pennington County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Rapid City fall within the 1 to 5 acres range.

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