Spearfish, SD home prices
Typical home $442,584 · -0.7% in a year · income needed $124,100
The Spearfish, SD metro area ranks 107 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.7% in a year and +19.0% over five years. With 20% down at 7.11%, the typical home costs about $2,895 a month including 0.79% property tax (Lawrence County rate).
Mortgage on the typical Spearfish home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $88,517 | $354,067 | $2,382 | $0 | $513 | $2,895 | $124,100 |
| 10% down | $44,258 | $398,325 | $2,680 | $166 | $513 | $3,359 | $144,000 |
| 5% down | $22,129 | $420,455 | $2,828 | $175 | $513 | $3,517 | $150,700 |
| 3.5% down (FHA) | $15,490 | $434,568 | $2,923 | $196 | $513 | $3,632 | $155,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Spearfish area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lawrence County, SD | $442,665 | -0.7% | 0.79% |
What can you afford in South Dakota on your salary? · South Dakota home prices · Salaries in South Dakota
Frequently asked questions
How much is a house in Spearfish?
The typical home in the Spearfish, SD metro area is worth $442,584 (Zillow, September 2026).
What salary do you need to buy a house in Spearfish?
About $124,100 a year for the typical home with 20% down at 7.11%.