Investor-grade market analytics for Spearfish, South Dakota. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$449,760
-0.8% year-over-year
4.1%
gross annual
-0.8%
base case (Zillow ZHVF)
-0.8% year-over-year
25/100
LowNet migration: Bottom 36% nationally
In-migrants avg $76,791 AGI vs out-migrants $62,870
Spearfish, SD is experiencing a correction with -0.8% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 6.74x well exceeds the national average of 4.8x. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 4.08% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Spearfish, SD's primary climate exposure is wildfire (50/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.