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MarketsMarket MapSpearfish, SD
Metropolitan Area

Spearfish, SD

South Dakota0
44
/100
Avoid
#799 of 894 metros
Top 89% nationally for investing

Market Snapshot

$450,838
Median Home Price
77% above national median
$26,599/mo
Est. Rent
Based on regional data
5.90%
Rent-to-Price Ratio
Estimated from price data
-$2,363
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
44/100
44
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
45/100

Based on -1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
36/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-1.0% YoY)
  • -Negative cash flow at typical financing (-$2,363/mo)
  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Counties in Spearfish, SD

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Martinsville, VA
Martinsville, VA
64$135,588$8777.77%BuyView
Mount Vernon, OH
Mount Vernon, OH
64$289,265$1,3405.56%BuyView
Findlay, OH
Findlay, OH
64$241,608$1,1595.75%BuyView
Farmington, MO
Farmington, MO
64$194,223$9645.96%BuyView
Pierre, SD
Pierre, SD
64$299,658$1,3835.54%BuyView
Current
Spearfish, SD
44$450,838Est.Avoid

The Bottom Line

AvoidSpearfish, SD may be challenging for traditional rentals. High prices or low rents make cash flow difficult. Look for specific counties with better ratios.

The Spearfish, SD metro area scores 44/100, ranking #799 of 894 US metros (top 89%). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-2,363/mo
Cap Rate
0.0%
Cash-on-Cash
-31.5%

Ready to Invest in Spearfish, SD?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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