RAPID CITY, S.D. – Rapid City was just lately named the number one emerging housing market within the United States by the Wall Street Journal and Realtor.com.
The research analyzed housing market information, in addition to, financial vitality and high quality of life statistics.
The Rapid City market lead the nation as a result of it displayed a robust native economic system with strong employment fundamentals, well being care and better schooling alternatives, engaging facilities and life-style choices, entry to the outside, and fascinating housing.
“Many of the highest emerging markets have a noticeable share of small companies complementing a thriving ecosystem of regional, nationwide and worldwide corporations,” said the report.
Nine of the highest 20 cities within the research have populations under 250,00, together with Rapid City.
The report said that Rapid City has change into a fascinating location for Americans transferring into retirement, in addition to, for younger professionals and households on the lookout for a extra balanced life-style.
“So many individuals have realized they’re capable of work remotely as their places of work have been shut down nationally and so they’ve sought out extra high quality of life points and locations to reside that afford them the facilities that they’d actually like to have,” stated Kelly Howie Owner and Broker at Re/Max Advantage.
Despite dwelling costs reaching new report highs nationwide during the last 12 months, Rapid City had a median bought value of $323,285 in 2021, under the $405,000 nationwide common.
Watch Howie’s edited interview to be taught what this implies for the Rapid City housing market.