The story of this market
The typical home in ZIP 57718 sells for about $390,000, or $204 per square foot.
Prices are down 1.8% from a year ago, which gives buyers more room to negotiate. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,167 a month.
ZIP 57718 — Black Hawk
The 57718 housing market shows stability with a median sale price of $390,000 and a healthy sale-to-list ratio of 98.5%. While inventory remains tight, the area continues to attract buyers due to its suburban character and proximity to Rapid City. Note that some specific metrics like property tax history were not available at the ZIP level.
This ZIP is well-suited for family buyers and commuters seeking a suburban lifestyle with proximity to the Black Hills and Rapid City employment centers.
Median prices moved down 1.8% year over year.
Homes spend a median of 59 days on market with 0.3 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 4.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57718
The area is served by public schools including Black Hawk Elementary, which maintains standard grade-level enrollment.
The area experiences steady residential development momentum with new construction projects appearing through 2025, supported by proximity to Rapid City's economic base.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (South Dakota) — Property Tax Assessment and Levy: Property is assessed at full and true market value, then equalized to 85% of that value to determine the taxable value. State (South Dakota) — Property Tax Discretionary Formula: Provides a tax break on the assessed value of new structures or additions for up to five or seven years, at the discretion of the county commissioners.
Residents primarily commute toward Rapid City, which is approximately 10 miles away, via major highway corridors.
The area offers access to Black Hills regional outdoor amenities, including trails and parks, with shopping and dining options available in nearby Black Hawk and Rapid City.
The rental market is characterized by a low renter share of approximately 13%, with limited inventory depth.
The local economy is anchored by proximity to Rapid City, with a mix of service, retail, and regional government employment.
Transportation is primarily highway-dependent, with major corridors connecting Black Hawk and Summerset to the broader Rapid City metro area.
Residential development continues with new construction projects, including ranch-style townhomes and single-family builds, observed in the Summerset and Black Hawk areas.
Parcels are subject to county, municipal, and school district taxation, with rates varying by specific location within Meade or Pennington counties.
Data sourced from Census ACS and community estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides extensive regional access to trails, camping, and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.