Home prices
The median home in Spearfish is valued at $212,700. It is roughly $73,840 (53%) higher compared to its nearby areas.It is about $4,800 (2%) lower in comparison to the rest of the nation, and is roughly $28,000 (15%) higher compared to the city of Rapid City.
Rents
The median monthly rent in Spearfish is $763. Compared to the surrounding areas it is roughly $44 (6%) higher.It is about $299 (28%) lower compared to the nation as a whole, and it is about $74 (8%) lower in comparison to the city of Rapid City.
Nearby places
North Spearfish
North Spearfish is Spearfish's neighbor to the west. Real estate prices there are a bit less expensive. The cost of the median home in North Spearfish is $189,700, which works out to $23,000 (12%) lower than Spearfish. Rent there is a bit more expensive. The median rent in North Spearfish is $821 per month, which comes out to $58 (7%) higher than Spearfish.
Whitewood
Whitewood is about 7 miles east of Spearfish. Its housing prices are substantially less expensive. Whitewood's median home value is $114,400, which is $98,300 (85%) lower than Spearfish. The rent there is pretty similar. The median rent in Whitewood is $744 per month, which works out to $19 (2%) lower than Spearfish.
Deadwood
Deadwood is about 7 miles southeast of Spearfish. The real estate prices there are substantially less expensive. The median home in Deadwood is valued at $160,700, which comes out to $52,000 (32%) lower than Spearfish. Rents there are a little less expensive. The median rent in Deadwood is $593 per month, which is $170 (28%) lower than Spearfish.
Central City
Central City is approximately 8 miles south of Spearfish. Its housing prices are significantly less expensive. The value of the median home in Central City is $106,300, which works out to $106,400 (100%) lower than Spearfish. Rents there are pretty similar. Central City's median rent is $730 a month, which works out to $33 (4%) lower than Spearfish.
Lead
Lead is approximately 9 miles south of Spearfish. Its real estate prices are substantially less expensive. The median home cost in Lead is $123,200, which works out to $89,500 (72%) lower than Spearfish. Its rents are somewhat less expensive. The median rent in Lead is $707 a month, which comes out to $56 (7%) lower than Spearfish.
