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Housing Market: Stable, Strong

Finding the right place to live in the Rushmore Region is easy and affordable.

You can live in a log home among the Ponderosa pine trees in the Black Hills, a ranch-style home – with a real horse ranch -- on the high plains or live in a residential neighborhood close to shopping. Whatever you choose, your commute time will be relatively short.

The Rushmore Region housing market is stable yet strong. According to multiple listing service statistics from the Black Hills Association of Realtors, the average sale price for single-family homes was $211,622 in 2015. That compares with $180,000 in 2008.

The housing market is driven by the Rushmore Region's scenic beauty, low taxes, stable prices, economic diversity and access to healthcare and other services. South Dakota is currently #2 on the Bankrate Best Places to Retire list.

Rushmore Region Home Sales 2008-2015

Year Average Sale Price Days on Market Homes Sold
2015 $211,622 53 1,925
2014 $201,961 57 1,805
2013 $199,058 59 1,826
2012 $188,662 86 1,575
2011 $179,997 66 1,362
2010 $176,211 93 1,336
2009 $175,067 80 1367
2008 $179,037 71 1,483

Rushmore Region Economic Development Alliance
525 University Loop
Rapid City, SD 57709-0747
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