Spearfish, SD is a great place for people looking to invest in housing. The median value of a house in Spearfish is $384,000, which is higher than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Spearfish is 15.62%, which is significantly higher than the US rate of 8.27%. This data indicates that housing prices are increasing quickly and steadily in Spearfish, making it an ideal choice for someone who wants to purchase property and invest in their future.
The median home cost in Spearfish is $384,000. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Spearfish is up 18.1%.
Average Age of Homes
- The median age of Spearfish real estate is 32 years old
The Rental Market in Spearfish
- Renters make up 44.2% of the Spearfish population
- 2.8% of houses and apartments in Spearfish, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.