Spearfish Metro Area, SD Housing

The housing market in the Spearfish, SD Metro Area is a great investment opportunity for potential homeowners. The median value of houses in Spearfish is $335,600 which is slightly lower than the US House Median Value of $338,100. Over the last year, house appreciation in this metro area was particularly impressive with an increase of 12.74%, almost 4% higher than the average US 1 year House Appreciation rate of 8.27%. The strong appreciation rate makes the Spearfish area a great choice for potential buyers looking to invest in the housing market.

The median home cost in Spearfish Metro Area is $335,600. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Spearfish Metro Area is up 18.1%.

Average Age of Homes

- The median age of Spearfish Metro Area real estate is 35 years old

The Rental Market in Spearfish Metro Area

- Renters make up 26.9% of the Spearfish Metro Area population
- 1.1% of houses and apartments in Spearfish Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spearfish, South Dakota	United States
	14,082.0	139,647,020.0
	41	42
	$335,600	$338,100
	18.1%	16.6%
	65.2%	57.0%
	100.3%	101.1%
	$10.64	$10.98
	$2,523	$2,690
	50.2%	57.4%
	21.1%	11.2%
	28.7%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.1%	0.4%
	13.1%	3.6%
	6.4%	4.1%
Value of Owner-Occupied Housing
	5.1%	2.6%
	2.3%	2.4%
	2.2%	2.8%
	4.9%	3.9%
	3.1%	4.5%
	9.8%	11.3%
	11.8%	13.0%
	26.6%	20.1%
	15.9%	13.6%
	9.3%	8.3%
	6.3%	9.7%
	1.2%	3.9%
	1.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	15.5%	13.6%
	15.5%	13.6%
	13.5%	13.6%
	12.0%	13.2%
	12.4%	14.8%
	13.5%	13.6%
	6.5%	10.0%
	2.5%	4.7%
	22.6%	12.2%

Reviews for Spearfish

See all (0)

Write a Review

Start Your Review of Spearfish

Commute