Real Estate Market Report for
Rapid City, MB

Updated : Aug 2016
House
  • Median price $217,450
  • Monthly growth -2.04 %
  • Quarterly trend
  • Stock on market 3.24%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Rapid City Home Price

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When looking across the province, Rapid City is the 117th most expensive in Manitoba.

With Rapid City’s median house price at $217,450 in Aug , it is about average compared to the rest of Manitoba.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

According to our stats, Rapid City is the neighbourhood that has the 117th most properties available to real estate investors in Manitoba.

Is Rapid City a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

Will prices rise across the next year in in Rapid City? There are a number of real estate indicators to consider.

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
3 bedrooms $219,900
4 bedrooms $332,450
Demographics
  • Population in 2011417
  • Population in 2006416
  • 2006 to 2011 population change (%)0.2
  • Total private dwellings185
  • Private dwellings occupied by usual residents176
  • Population density per square kilometre77.5
  • Land area (square km)5.38
  • Age Characteristics
    Total population by age groups 420
    0 to 4 years 40
    5 to 9 years 30
    10 to 14 years 25
    15 to 19 years 15
    15 years 0
    16 years 5
    17 years 5
    18 years 5
    19 years 5
    20 to 24 years 25
    25 to 29 years 20
    30 to 34 years 35
    35 to 39 years 25
    40 to 44 years 25
    45 to 49 years 25
    50 to 54 years 45
    55 to 59 years 35
    60 to 64 years 25
    65 to 69 years 20
    70 to 74 years 10
    75 to 79 years 10
    80 to 84 years 10
    85 years and over 5
    Median age of the population 38.6
    % of the population aged 15 and over 76.9
  • Marital Status
    Total population 15 years and over by marital status 320
    Married or living with a common-law partner 220
    Married (and not separated) 180
    Living common-law 40
    Not married and not living with a common-law partner 95
    Single (never legally married) 50
    Separated 5
    Divorced 25
    Widowed 15
    Family Characteristics
    Total number of census families in private households 125
    Size of census family: 2 persons 70
    Size of census family: 3 persons 20
    Size of census family: 4 persons 25
    Size of census family: 5 or more persons 10
    Total number of census families in private households 125
    Total couple families by family structure and number of children 110
    Married couples 90
    Without children at home 50
    With children at home 40
    1 child 10
    2 children 20
    3 or more children 10
    Common-law couples 20
    Without children at home 10
    With children at home 10
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 15
    Female parent 15
    1 child 5
    2 children 0
    3 or more children 5
    Male parent 0
    1 child 5
    2 children 0
    3 or more children 0
    Total children in census families in private households 120
    Under six years of age 55
    6 to 14 years 50
    15 to 17 years 10
    18 to 24 years 10
    25 years and over 5
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 415
    Number of persons not in census families 60
    Living with relatives 0
    Living with non-relatives only 5
    Living alone 55
    Number of census family persons 355
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 50
    Number of persons not in census families aged 65 years and over 20
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 15
    Number of census family persons aged 65 years and over 35
    Total number of private households by household type 175
    Census-family households 120
    One-family-only households 120
    Couple-family households 105
    Without children 55
    With children 45
    Lone-parent-family households 15
    Other family households 5
    One-family households with persons not in a census family 0
    Couple-family households 0
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 55
    One-person households 55
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 175
    Single-detached house 160
    Apartment, building that has five or more storeys 0
    Movable dwelling 10
    Other dwelling 10
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 0
    Total number of private households by household size 175
    1 person 50
    2 persons 65
    3 persons 25
    4 persons 20
    5 persons 10
    6 or more persons 0
    Number of persons in private households 415
    Average number of persons in private households 2.3
Census 2011

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