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Spearfish, SD Home Values and Rents
The typical home value in Spearfish is $450,602, 6th highest of 73 cities and towns in South Dakota. Median rent is $1,525 a month.
- Typical home value
- $450,602
- 6th of 73 in SD
- Median rent
- $1,525/mo
- Zillow observed rent
- Price change, 1 year
- -0.6%
- Sep 2026
- Homeownership
- 49.6%
- SD: 68.6%
Typical home value in Spearfish
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Spearfish |
|---|---|
| Sep 2026 | $450,602 |
| Dec 2025 | $455,060 |
| Dec 2024 | $453,115 |
| Dec 2023 | $441,224 |
| Dec 2022 | $428,428 |
| Dec 2021 | $392,709 |
| Dec 2020 | $324,398 |
| Dec 2019 | $299,007 |
| Dec 2018 | $285,706 |
| Dec 2017 | $274,565 |
| Dec 2016 | $263,083 |
| Dec 2015 | $254,468 |
| Dec 2014 | $240,802 |
| Dec 2013 | $228,666 |
| Dec 2012 | $219,402 |
Over five years, Spearfish prices changed +19.7%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Lawrence County, SD
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $841 | +16.6% |
| 1 bedroom | $923 | +15.8% |
| 2 bedrooms | $1,207 | +15.4% |
| 3 bedrooms | $1,671 | +14.8% |
| 4 bedrooms | $2,017 | +14.9% |
Frequently asked questions
- What is the typical home value in Spearfish, SD?
- The typical home value in Spearfish is $450,602 (Zillow Home Value Index, Sep 2026). The South Dakota median is $257,400.
- How much is rent in Spearfish?
- The median rent in Spearfish is $1,525 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,207.
- Are home prices going up in Spearfish?
- The typical home value in Spearfish changed -0.6% over one year and +19.7% over five years, as of Sep 2026.
- How does Spearfish compare with the rest of South Dakota?
- Spearfish has the 6th highest median home value of 73 cities and towns with 1,000+ residents in South Dakota.