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Advertise here →Spearfish, SD · Houses & Market Data
Spearfish, South Dakota houses and real estate market data.
Houses in Spearfish, SD (Lawrence County) — Census median home value $309,200, county listing prices up about 4.3% over the past year. Market data for Spearfish houses and the broader area.
Spearfish, SD is in Lawrence County, South Dakota — this guide covers houses in Spearfish and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 12,551, with a median household income of $59,731. Census data puts the median value of houses in Spearfish at $309,200.
Market overview
Spearfish housing market
Spearfish is in Lawrence County, South Dakota. Manifest Census and county price-trend data provide baseline context for houses in Spearfish and the surrounding county market.
Median home value (Census ACS)
$309,200
Population (Census ACS)
12,551
Median household income
$59,731
County price trend (2025)
4.28% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Spearfish market snapshot
Population
12,551
Median Household Income
$59,731
Median Home Value (city)
$309,200
Median Gross Rent
$941/mo
Price Trend (YoY)
+4.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Spearfish different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Spearfish's median home value — across all owner-occupied homes, not just recent sales — at $309,200.
County Price Trend
Lawrence County's FHFA house price index shows a 4.28% annual change in 2025.
Population & Income
Spearfish has an estimated population of 12,551 and a median household income of $59,731, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Spearfish's Census-reported median home value works out to about 5.2x the area's median household income, and median gross rent runs roughly 19% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Spearfish
USAHouses.com also helps visitors looking in nearby Lawrence County and other South Dakota communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Lead, Boulder Canyon, Mountain Plains.
Lead market data
Nearby city
Boulder Canyon market data
Nearby city
Mountain Plains market data
Nearby city
More South Dakota cities with market guides: Sioux Falls, Rapid City, Aberdeen, Brookings, Watertown, Mitchell, Yankton, Huron.
Sioux Falls market data
Same-state city guide
Rapid City market data
Same-state city guide
Aberdeen market data
Same-state city guide
Brookings market data
Same-state city guide
Watertown market data
Same-state city guide
Mitchell market data
Same-state city guide
Yankton market data
Same-state city guide
Huron market data
Same-state city guide
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Common questions
Spearfish FAQ
What are houses worth in Spearfish, SD?
The Census Bureau's American Community Survey puts the median value of houses in Spearfish at $309,200.
How much do houses cost in Spearfish, SD?
For owner-occupied houses in Spearfish, Census ACS data shows a median value of $309,200. Active listing prices in Lawrence County may differ — see the market snapshot above.
What types of houses are in Spearfish, SD?
Spearfish houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Lawrence County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Spearfish, SD?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Spearfish's population at approximately 12,551.
What's the median rent in Spearfish, SD?
The Census ACS estimates median gross rent in Spearfish at approximately $941 per month.
What is the median household income in Spearfish, SD?
Census ACS data puts the median household income in Spearfish at approximately $59,731.
Is the Spearfish housing market growing?
Lawrence County's FHFA house price index shows a 4.28% annual change in 2025.
Is Spearfish, SD affordable relative to income?
Census ACS data puts Spearfish's median home value at about 5.2 times the median household income, with median gross rent equal to roughly 19% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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