Assistance grant
Village on Monroe Homebuyer Grant
Income limits · townhome
Down payment assistance · Pennington County
Buying a home in Rapid City, SD
7 Rapid City programs and 8 statewide.Rapid City has 7 programs of its own, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
Find my programs Free · No credit pull · 90 seconds
Only for Rapid City addresses
Rapid City’s own programs
Deferred second loan
CDFI Deferred DPCC
First-time homebuyers · New construction · Income limits · Single-family detached, condominium, townhouse, PUD. Manufactured home on permanent foundation per first-mortgage product.
Down-payment assistance
Dakota Land Trust Program
Income limits
Deferred second loan
HOF Deferred DPCC
First-time homebuyers · New construction · Income limits · Single-family detached, condominium, townhouse, PUD · manufactured home per first-mortgage product.
Deferred second loan
Legacy DPCC
First-time homebuyers · New construction · Income limits · Single-family detached, condominium, townhouse, PUD · manufactured home per first-mortgage product.
Deferred second loan
Neighbor Next Door DPCC
New construction · Income limits · Single-family detached, condominium, townhouse, PUD within target neighborhood boundaries.
Deferred second loan
NLS DPCC
First-time homebuyers · New construction · Income limits · Single-family detached, condominium, townhouse, PUD · manufactured home per first-mortgage product.
The Rapid City marketThe Rapid City housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Rapid City
- 58% single-familysingle-family
- 6.5% townhousetownhouse
- 7.3% 2–4 units2–4 units
- 23.4% 5+ unitscondo & apartment buildings (5+ units)
- 4.8% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Rapid City’s homes were built
pre-19401970s2020+
52.6%
of Rapid City homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$101,300
County area median income, 4 people (HUD)HUD area median income, Pennington County, 4-person household (2026)
$70,870
Rapid City median household incomeMedian household income in Rapid City (Census, 2024)
13 of the 77 programs here set their income limit as a share of Pennington County’s area median income, adjusted for household size. See the published limits for Pennington County
Free help nearbyFree help near Rapid City
2 HUD-approved counseling agencies within 15 miles2 HUD-approved housing counseling agencies within 15 miles
7 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 7 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
Find my counselor
Free account → 90-second match → your counselors · Sign in
Across South Dakota and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
Rapid City questions
Does Rapid City have its own down payment program?
Yes, 7: Village on Monroe Homebuyer Grant, CDFI Deferred DPCC, Dakota Land Trust Program, HOF Deferred DPCC, Legacy DPCC, Neighbor Next Door DPCC and NLS DPCC. Each is for homes inside Rapid City.
Can I use assistance on a condo in Rapid City?
Each program sets which kinds of homes it accepts. Where the agency publishes them, the program’s page lists them; the agency confirms it for the home you choose.
What is the income limit in Pennington County?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for Pennington County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Rapid City?
HUD-approved housing counseling agencies teach homebuyer classes, and 2 agencies are within 15 miles of Rapid City. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
57701 · 57702 · 57703 · 57709
Nearby in Pennington
Sources
Sources: agency sites (July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.