Market Overview
Home Prices in Blackhawk, SD
The median home value in Blackhawk, SD is $351,538 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Blackhawk are priced14% below average. Blackhawk is part of the Rapid City, SD metro area.
Over the past five years, Blackhawk home values have risen by approximately22.1%, reflecting strong long-term appreciation in this market.
Price History
Blackhawk Home Price Trend
City Comparison
Blackhawk vs. National Median
At $351,538, homes in Blackhawk cost 14% below the national median of $410,000. This makes Blackhawk a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Blackhawk?
20% Down Payment
$70,308
on $351,538
Monthly P&I
$1,833/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,328/mo
incl. taxes & insurance
Income Needed
$93,120
gross annual (30% rule)
10% Down Option
$35,154
+ PMI applies
Loan Amount (20% dn)
$281,230
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Blackhawk, SD?
The median home value in Blackhawk is $351,538 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Blackhawk?
Over the past year, home values in Blackhawk have increased by 1.7%. Over five years, prices have risen approximately 22.1%.
How much do I need to earn to buy a home in Blackhawk?
To comfortably afford the median home price of $351,538 with a 20% down payment ($70,308) at today's rates (6.8%), you'd need a gross annual income of approximately $93,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Blackhawk compare to the national average home price?
The national median home value is approximately $410,000. At $351,538, homes in Blackhawk are 14% below the national average.
What metro area is Blackhawk part of?
Blackhawk is part of the Rapid City, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.