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Spearfish city, SD

ZIP 57783 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57783

Median Home Value
$332,300
Median Rent
$797
Affordability Snapshot
$91,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,135/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

34.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 57783 in Spearfish city, SD, a household would need roughly $91,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,135. That is about 40% above the local median household income ($64,970), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
57.5%-12% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
8.2%-45% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
20.9%-58% vs US avg
x
Mortgage-Free
51.1%+34% vs US avg
x
$332,300
Home Value
$797
Rent
1988
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached50.4%
  • 1-unit attached7.8%
  • 2-9 units11.1%
  • 10+ units19.5%
  • Mobile home & other11.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$332,300
Median rent$797
Owner-occupied57.5%
Vacant8.8%
Price-to-income5.1x
Est. income to buy$91,000