509 E Madison St, Rapid City, SD 57701
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Property image
OFF MARKET

509 E Madison St
Rapid City, SD 57701

  • 3 Beds
  • 1.5 Baths
  • 780 sqft

$202,500

Trulia Estimate
as of Aug 15, 2026

$202,500

Trulia Estimate
as of Aug 15, 2026
3 Beds
1.5 Baths
780 sqft

Home Value

Trulia Estimate
$203K
Since last month
Decreased$3K (-1.4%)
Since last year
Decreased$3K (-1.4%)
Since last sale
Increased$44K (+28.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +172% in the last 10 years
MonthEstimated value
2026
August 2026$202K
July 2026$203K
June 2026$205K
May 2026$204K
April 2026$203K
March 2026$203K
February 2026$199K
January 2026$197K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
513 E Waterloo St, Rapid City, SD
0.32
Single-Family Home
$236,000
02/26/26
3
1
1,128
404 E Watertown St, Rapid City, SD
0.12
Single-Family Home
$205,000
07/03/26
3
1
2,000
1034 Racine St, Rapid City, SD
0.43
Single-Family Home
$215,000
10/10/25
3
1
900
1004 Racine St, Rapid City, SD
0.35
Single-Family Home
$246,000
02/20/26
3
1
1,073
804 E Monroe St, Rapid City, SD
0.26
Single-Family Home
$165,000
07/31/26
2
1
896
310 E Adams St, Rapid City, SD
0.26
Single-Family Home
$260,000
10/28/25
3
2
1,664
913 Milwaukee St, Rapid City, SD
0.41
Single-Family Home
$140,000
10/24/25
4
1.5
1,664
234 E College Ave, Rapid City, SD
0.48
Single-Family Home
$70,000
02/26/26
3
1
870
431 E Van Buren St, Rapid City, SD
0.26
Single-Family Home
$290,000
08/29/25
5
2
1,920
117 E Denver St, Rapid City, SD
0.43
Single-Family Home
$100,000
07/07/26
2
1
1,440

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
420 E Watertown St, Rapid City, SD 57701
0.06
$215,000
3
1
1,050
For Sale
404 E Watertown St, Rapid City, SD 57701
0.12
$205,000
3
1
2,000
Recently Sold
507 E Denver St, Rapid City, SD 57701
0.18
$182,500
2
1
840
Off Market
513 E Denver St, Rapid City, SD 57701
0.18
$264,300
3
2
1,350
Off Market
413 E Denver St, Rapid City, SD 57701
0.20
$164,600
2
1
721
Off Market
406 E Adams St, Rapid City, SD 57701
0.20
$224,100
3
1
975
Off Market
305 E Watertown St, Rapid City, SD 57701
0.22
$205,000
2
2
1,120
For Sale
516 E Philadelphia St, Rapid City, SD 57701
0.22
$259,400
5
2
1,440
Off Market
518 E Philadelphia St, Rapid City, SD 57701
0.22
$245,200
4
-
1,796
Off Market
225 E Watertown St, Rapid City, SD 57701
0.26
$1,450,000
Studio
-
-
For Sale
310 E Adams St, Rapid City, SD 57701
0.26
$260,000
3
2
1,664
Recently Sold
521 E Van Buren St, Rapid City, SD 57701
0.26
$240,700
3
1
912
Off Market

Local Information

  • Map ViewExplore the area around 509 E Madison St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1940
Living Area
780 sqft
Price/Sqft
$260

About this House

This house has super cute little touches throughout, like hardwood floors and tile work, but is ready for the next owner to come in and take it to the next level! There's still tons of potential in the unfinished basement and the large back yard and garage space are a dream. Rapid Foundation has been out to the house to look at the foundation and has put together a full repair plan (in associated documents) that the seller will implement with an accepted offer. The price of this repair will be covered WITHIN the sale price of the house and paid for by the seller, so you will get a fully repaired house at a great price! Please note, the back deck will need to be removed to make the repair and fix the drainage around the house, it will not be put back in place. This will need to take place after closing with funds escrowed.
509 E Madison St, Rapid City, SD 57701 is a 3 bedroom, 2 bathroom, 780 sqft single-family home built in 1940. It last sold for $157,500 on May 30, 2023. It is currently off market. The Trulia Estimate is $202,500, with a rent estimate of $1,575/month.

Home Details for 509 E Madison St

Interior Features

Interior Details
Basement

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: Single Family HomeArchitecture: Bungalow

Exterior Features

Exterior Home Features
Deck
Parking & Garage
Parking Space: 1

Lot Information

Lot Area: 7840 sqft

Price and Tax history

DateEventPrice
May 30, 2023
Source: N/A
Sold
$157,500
Mar 10, 2023
Source: RE/MAX International #162711
Pending
$165,000
Mar 8, 2023
Source: RE/MAX International #162711
Listed For Sale
$165,000
Jun 15, 2020
Source: N/A
Sold
$104,500
May 3, 2020
Source: Agent Provided
Pending
$110,000

Market trends in Rapid City

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$367K
$14.18KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$212
$0MoM
Available listings
425
49MoM
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Around this home

What Locals Say about Rapid City

At least 314 Trulia users voted on each feature.

  • 92 % Say car is needed

  • 88 % Say it's dog friendly

  • 83 % Say parking is easy

  • 81 % Say there are sidewalks

  • 78 % Say yards are well-kept

  • 73 % Say there's holiday spirit

  • 69 % Say kids play outside

  • 67 % Say there's wildlife

  • 65 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 54 % Say streets are well-lit

  • 51 % Say neighbors are friendly

  • 42 % Say they plan to stay for at least 5 years

  • 29 % Say it's walkable to restaurants

  • 28 % Say it's walkable to grocery stores

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nubia Quinonez
    "15 minutes to every thing"
    0
    Flag
  • Taylor Weathers
    "The area is nice, crime is really low, some areas are alittle run down but majority of the city and surrounding area is beautiful. I’m told the schools are good and there’s plenty for children to do around here. Plenty outdoor activities "
    1
    Flag
  • Michelle B
    "It’s a neighborhood 20+ years old, so there is space between houses and they don’t all look alike. Parkview park is only 2 blocks away with a pool, play area and softball fields. "
    0
    Flag
  • Aereal Willhoite
    "Rapid City is an outdoor enthusiast dream city to live plenty of stuff to do for everyone with their different personalities"
    0
    Flag
  • Jefffrazier
    "It’s not my “neighborhood”. We are renting a cabin here for the winter. The locals are not as friendly as we might have imagined. We are probably seen as outsiders. Given the beauty and blessings involved with this place, I can’t blame them. "
    0
    Flag
  • Jefffrazier
    "Few sidewalks, but drivers seem to be appropriately cautious when encountering wildlife and/or pets. "
    0
    Flag
  • jon.g.fleming
    "I work from home but my old commute was around 20 minutes in light traffic most mornings and evenings."
    0
    Flag
  • S.d.beckfamily
    "There are a lot of dog walkers in the area. We have a beautiful park in walking distance from our home. Also a nice dog park a short drive away. "
    9
    Flag
  • Lisalpog
    "The Southside of rapid city is one of the better part of town to live in. I live in the Newest part of the southside and it’s relatively quiet. Other than if you live close to Cattron which my building is located close to Catherine and sometimes you can hear the traffic. Other than that it’s great"
    12
    Flag
  • Chandlor M.
    "Fun place to live and have a family great schools great neighbors well maintained yards snow removal is a little lacking but you can get past it "
    1
    Flag
  • Rex
    "We have fireworks during the 4th of July. There is also pancake suppers for fundraiser for the Rapid Valley Fire department. "
    0
    Flag
  • Berto B. O.
    "The city is small and more laid back. People are mostly nice. There are a lot of outdoor activities to do in each season."
    6
    Flag
  • Chassidysieveke
    "Most people keep to themselves. It is very safe neighborhood for kids tho. Most houses have large lots."
    0
    Flag
  • Lori F.
    "The neighborhood really enjoys Fourth of July the celebration goes on for days upon days! Lots of neighbors love to shoot fireworks which is great to sit outside and watch with the kids at night, gives everyone an extra show both before and after the big show on the Fourth of July! "
    0
    Flag
  • Lakotaprarireheart
    "dogs are leashed and owners are very responsible for their dogs neighborhoods are well maintained people are very friendly "
    6
    Flag
  • Jay Sie
    "Some neighbors are friendly & considerate. Some aren’t. Nice place to live. The roads need to be maintained better. The parks could use some clean up. "
    1
    Flag
  • Heather T.
    "Grandview, and Robbinsdale are great schools. Teachers are dedicated to see all students succeed . "
    2
    Flag
  • Elliott B.
    "Parents should recommend new kids to the area to hang out at the local park parking lot lots of kids down there"
    5
    Flag
  • Brandi B.
    "From what I'm told from tourist, we are very friendly and welcoming town. Also that our surrounding areas, the Black Hills, is gorgeous."
    0
    Flag
  • Trulia User
    "Rapid valley is a very kid and dog friendly community, most of the neighbors take pride in their homes and yards. You see kids walking to and from school and lots of people walking babies in strollers it seems to be a safe area and the people love to celebrate the holidays. So if this meets what you are looking for in a neighborhood then the valley is the place for you! Good luck house hunting!!"
    0
    Flag
  • Lori F.
    "Friendly lots of dog walkers and people walking babies and young kids an elementary school is centrally located within the neighborhood overall a quiet place to live "
    0
    Flag
  • Natalia H.
    "we moved to Auburn Hills in August 2018. the neighbors are very nice and friendly. this winter everybody helped with clearing snow and working together. I wish we had a better school near by"
    0
    Flag
  • Craig
    "The lots are all fairly large, with at least 1/2 acre each. The area is very family and pet friendly, with common playground areas and walking paths through the open fields."
    0
    Flag
  • Carmen E. B.
    "Lots of other animals in the neighborhood but people are rude about picking up dog poop I’ve noticed!"
    0
    Flag
  • Lori F.
    "Lots of dog walkers in the neighborhood, kids playing outside, especially since there’s an elementary school a couple blocks away, normally a very quiet neighborhood a good mix of established residents and new property owners. Convenience of gas stations and a dollar tree within five minutes of the house for those last minute items that were forgotten at the store. Convenient location for stores, strip malls or even the mall within ten minutes. Great location to have rapid city at your fingertips without having to be right in the middle and having to deal with rush hour traffic"
    0
    Flag
  • Kayla C.
    "My neighborhood has many apartment developments. It’s a nice residential part of town with stores close by. "
    6
    Flag
  • Briann P.
    "my part of town is close to both down town and a Walmart. also not far from fast food restaurants. Close to three churches "
    3
    Flag
  • Lori F.
    "Very dog friendly neighborhood lots and lots of dog walkers! Very friendly area to live in. Overall low traffic area except when school lets out, but it is convenient for families with younger kids"
    0
    Flag
  • Lori
    "Quiet neighborhood typically without issue reasonable place to live cost wise. Convenient location to gas stations and interstate. Lots of younger kids very close to an elementary school. Good location for young families and first time buyers! Large lots per house. Nice to have more space than the newer neighborhoods offer. Usual lot size is a half acre or more!! "
    0
    Flag
  • Lori F.
    "Fourth of July is spectacular very neighborly nice place to live especially for young families with young kids school within walking distance "
    0
    Flag
  • Tyehjohnson
    "There’s a dog park, a pool, hot tub, and a gym all right here. All the dog owners are very friendly and encourage positive interaction with other dogs/owners. "
    0
    Flag
  • Njjoyce1981
    "Family friendly community just stay away from north rapid after dark. Not the best place to be at night especially alone by yourself."
    7
    Flag
  • Lori F.
    "There’s an elementary school in the neighborhood good for young families quiet community to live in low crime rate people love to celebrate the Fourth of July here! Everyone has been very friendly new to the area "
    0
    Flag

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Homes for sale near 509 E Madison St

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Off Market Homes Near 509 E Madison St

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Frequently asked questions about 509 E Madison St

  • What is 509 E Madison St estimated to be worth?
    Trulia's estimated value for 509 E Madison St in Rapid City, SD is $202,500.
  • What is the price history for 509 E Madison St?
    509 E Madison St in Rapid City, SD last sold for $157,500 in May 2023.
  • Is Rapid City a buyer's or seller's market?
    Rapid City is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Rapid City?
    The median sale price in Rapid City is $367K. That is up $14.18K from the prior month.
  • How big is the lot at 509 E Madison St?
    The lot at 509 E Madison St in Rapid City, SD is about 0.18 acres (7,840 sq ft).
  • Does 509 E Madison St have parking?
    Yes, 509 E Madison St in Rapid City, SD has on-site parking.