3-digit ZIP regional index
Home appreciation in ZIP codes 577xxRapid City, SD area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 577 changed +3.6% over the year to Q2 2026, compared with +2.2% for South Dakota and +3.0% for the United States.
The region covers ZIP codes 57701–57799. Most of its 2010 population lived in Pennington County (53%), Meade County (13%), Lawrence County (13%). Communities in the region include Spearfish, Rapid Valley, Box Elder, Sturgis, Belle Fourche. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.6%
- 5-year change
- +48.6%
- Since Q1 1995
- +410%
- National rank (1 year)
- 453rd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 577 vs South Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 577: 510.1
- South Dakota: 402.5
- Rapid City, SD metro: 489.3
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 577 | SD | U.S. | Gap vs SD | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.6% | +2.2% | +3.0% | +1.4 pts | +0.5 pts |
| 3 years | +13.8% | +11.4% | +12.9% | +2.5 pts | +1.0 pts |
| 5 years | +48.6% | +41.1% | +41.3% | +7.5 pts | +7.3 pts |
| 10 years | +106% | +90.2% | +93.3% | +15.6 pts | +12.5 pts |
| Since Q1 1995 | +410% | +302% | +292% | +107.6 pts | +118.5 pts |
If you bought in ZIP3 577 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +386% | $1,457,980 |
| Q2 2000 | +281% | $1,141,733 |
| Q2 2005 | +172% | $814,516 |
| Q2 2010 | +141% | $724,126 |
| Q2 2015 | +116% | $647,080 |
| Q2 2020 | +74.2% | $522,557 |
| Q2 2021 | +48.6% | $445,731 |
| Q2 2023 | +13.8% | $341,506 |
| Q2 2025 | +3.6% | $310,709 |
How ZIP3 577 ranks
Over the past year ZIP3 577 ranks 453rd of 882 3-digit ZIP regions nationally and 1st of 8 in South Dakota. Its one-year change is +0.5 pts versus the nation and +1.4 pts versus South Dakota. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in South Dakota |
|---|---|---|
| 1 year | 453rd of 882 | 1st of 8 |
| 3 years | 537th of 882 | 6th of 8 |
| 5 years | 308th of 882 | 1st of 8 |
| 10 years | 243rd of 882 | 1st of 8 |
| Since Q1 1995 | 74th of 879 | 1st of 8 |
Boom, bust, and recovery in ZIP3 577
ZIP3 577's index peaked in Q1 2009, fell 2.8% to its low in Q2 2011, and regained its peak in Q2 2012, about 3.2 years after the top. Today it sits +136% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 577 | Q1 2009 | Q2 2011 | -2.8% | Q2 2012 (3.2 yrs) | +136% |
| SD | Q1 2009 | Q2 2010 | -2.7% | Q3 2012 (3.5 yrs) | +118% |
| Metro | Q1 2009 | Q1 2010 | -2.8% | Q2 2012 (3.2 yrs) | +133% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 577's index has changed +130% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 577 after inflation | SD after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.3% | -1.6% | -2.0% | -0.8% |
| 3 years | +9.8% | +3.7% | +1.4% | +2.7% | +2.8% |
| 5 years | +24.0% | +19.8% | +13.7% | +17.0% | +13.9% |
| 10 years | +39.1% | +48.0% | +36.7% | +45.2% | +39.0% |
| Since Q1 1995 | +121% | +130% | +81.8% | +121% | +76.8% |
Estimate appreciation for a home in ZIP3 577
Regional estimate
$617,394
- Estimated gain
- $317,394
- Index change
- +106%
- Start index
- 247.84
- End index
- 510.05
ZIP3 577 (Rapid City, SD area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 827 · Gillette, WY area | WY | +3.9% | +43.6% | +322% |
| 693 · Scottsbluff, NE area | NE | +3.4% | +45.6% | +266% |
| 576 · Mobridge, SD area | SD | +3.0% | +47.1% | +318% |
| 575 · Pierre, SD area | SD | +3.0% | +47.1% | +318% |
| 822 · Torrington, WY area | WY | +3.9% | +43.6% | +322% |
| 826 · Casper, WY area | WY | +1.2% | +39.6% | +338% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 510.05 |
| Q1 2026 | 503.29 |
| Q4 2025 | 493.98 |
| Q3 2025 | 503.10 |
| Q2 2025 | 492.47 |
| Q1 2025 | 488.89 |
| Q4 2024 | 477.71 |
| Q3 2024 | 473.96 |
| Q2 2024 | 474.04 |
| Q1 2024 | 470.28 |
| Q4 2023 | 456.25 |
| Q3 2023 | 456.75 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 577?
- Based on FHFA HPI® data for 3-digit ZIP region 577, the regional index changed +3.6% over the year to Q2 2026, +48.6% over five years, +106% over ten years, and +410% since Q1 1995.
- Is ZIP3 577 appreciating faster than South Dakota and the U.S.?
- Over the past year the region's index +3.6% compares with +2.2% for South Dakota and +3.0% for the U.S., a gap of +0.5 pts versus the nation. Over five years the gap versus the nation is +7.3 pts.
- Which ZIP codes are in 3-digit ZIP region 577?
- All ZIP codes that begin with 577. Census 2010 ZIP Code Tabulation Areas in this region run from 57701 to 57799 (56 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.