Shepherd Hills
A 700 acre master planned development under construction on the northeast side.
Shepherd Hills is a 700 acre master planned development off East Anamosa on the northeast side of Rapid City. It is under active construction with a buildout measured in years rather than seasons, so what you see today is a snapshot of something still taking shape.
What is being built
The plan spans a wide range of housing rather than one product type. Single family homes are planned across price points from workforce pricing to the high end, with apartments and an over-55 community also part of the development. As of recent development plans, a neighborhood school is planned for the site as well.
New single family construction here has historically started in the high $200s, which is part of why the project draws so much attention in a market where entry pricing has been tight.
Buying into a development in progress
Buying early in a master planned community is a trade. You get selection, incentives and sometimes better pricing, and you accept living alongside construction while the later phases finish. I am direct with clients about that tradeoff and about the fact that plans for large developments change over a long buildout.
Location is the steady part. Rushmore Crossing retail is close, the interstate is close, and the northeast side is a short run to Ellsworth Air Force Base, which is a real consideration for the Ellsworth buyers I work with.
What homes cost here
New single family construction at Shepherd Hills has historically started in the high $200s.
Those ranges are approximate and drawn from recent local market guides. Numbers move, sometimes quickly, and I will pull current comps for any street or price point you are considering.
This search shows everything active in Rapid City right now, including the streets in Shepherd Hills. It opens on my search site.
Active in Rapid City
Keep reading on Rapid City
The region's hub for jobs, medicine, dining and flights, and the shortest commute to Ellsworth Air Force Base.
The historic district just west of downtown, listed on the National Register since 1974.
West side living around Canyon Lake Park, Rapid Creek and the bike path greenway.
A Black Hills feeling neighborhood inside city limits, west of Jackson Boulevard.
The ridge between east and west Rapid City, marketed for panoramic city and Hills views.
My free buyer's guide, written for wells, septic, hail history and PCS timelines in this region.
Price, down payment, rate, taxes, insurance and HOA in one number.
Thinking about Shepherd Hills?
Tell me your budget and timeline and I will tell you what is realistic in Shepherd Hills right now, including what has actually closed nearby.
This guide is general information, not legal, tax, lending or financial advice. Facts and figures are cited from public sources as of August 2026 and change over time. Henry Roy is a licensed real estate professional with Ascend Realty in South Dakota. Equal Housing Opportunity.