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Rapid City Foreclosure Listings

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Living in Rapid City, South Dakota is Inexpensive; Why Not Buy a Foreclosed Home?

The Mount Rushmore National Memorial is just 25 miles southwest of Rapid City, South Dakota. Rapid City is the 2nd largest city in South Dakota. It is located near the eastern slope of the Black Hills mountain range. It is also known as the “Star of the West” and the “Gateway to the Black Hills.” The cost of living is relatively low at 10% below national average. The unemployment is extremely low at 2.8%. These reasons alone are great reasons to purchase a home from the foreclosure listings. There are currently only 9 foreclosures on the market but there are an additional 401 existing homes on the market. In August of 2010, there was an estimated 1 in every 1,359 homes that received a foreclosure filing.