Online housing tool keeps people updated on current home rent prices [Video]

RAPID CITY, S.D. (KOTA) – If people are curious about current rent rates and home prices in the Rapid City and Black Hills area, there’s an online tool users can access to find just that.

Elevate Rapid City has a “Rapid City Housing Dashboard” page people can access to find current housing data in the region.

The dashboard can serve as a helpful tool for real estate professionals, contractors, and nonprofit organizations who may be looking for the latest housing statistics to help them make decisions that could impact their businesses and the community.

The web page is updated every month and includes different metrics including vacancy rates, median home prices, and average rent costs.

“We saw huge rent increases post-pandemic, they were increasing ten percent a year. And now, they’re at a more modest increase year-over-year about one per one to two percent,” said Housing and Community Development Manager …