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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lead, SD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lead, SD Housing Market Trends

With 3,013 people, 1,451 houses or apartments, and a median cost of homes of $248,030, house prices in Lead are solidly below the national average.

Single-family detached homes are the single most common housing type in Lead, accounting for 71.94% of the city's housing units. Other types of housing that are prevalent in Lead include duplexes, homes converted to apartments or other small apartment buildings ( 17.03%), large apartment complexes or high rise apartments ( 8.24%), and a few mobile homes or trailers ( 2.78%).

Dwellings in Lead tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.00% of the homes in Lead have two or fewer bedrooms.

The housing in Lead was primarily built before 1939 ( 68.56%), making the housing stock in Lead some of the oldest overall in America, although there is a range of ages of homes in Lead. The next most important housing age is between 1970-1999 ( 15.01%), followed by between 1940-1969 ( 13.97%). There's also some housing in Lead built between 2000 and later ( 2.46%).

Vacant housing appears to be an issue in Lead. Fully 20.80% of the housing stock is classified as vacant. Left unchecked, vacant Lead homes and apartments can be a drag on the real estate market, holding Lead real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lead Home Appreciation Rates

Appreciation rates for homes in Lead have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.63%, which ranks in the top 50% nationwide. This equates to an annual average Lead house appreciation rate of 6.78%.

Appreciation rates are so strong in Lead that despite a nationwide downturn in the housing market, Lead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lead appreciation rates continue to be some of the highest in America, at 9.33%, which is higher than appreciation rates in 83.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lead. Lead appreciation rates in the latest quarter were at 4.92%, which equates to an annual appreciation rate of 21.16%.

Importantly, this makes Lead one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to South Dakota, our data show that Lead's latest annual appreciation rate is lower than 50% of the other cities and towns in South Dakota.

Average Home Values

Median Home Value

$248,030

Lead, SD Home Prices
> $1,373,000
$1,030,001 - $1,373,000
$687,001 - $1,030,000
$549,001 - $687,000
$412,001 - $549,000
$275,001 - $412,000
$138,001 - $275,000
$69,001 - $138,000
$0 - $69,000
0.3%
0.3%
0.2%
0.2%
1.2%
1.2%
5.1%
5.1%
13.9%
13.9%
22.0%
22.0%
41.5%
41.5%
13.1%
13.1%
2.7%
2.7%
0% 100.0%
% of Homes
Average

for South dakota

Average

for nation

Number of Homes And Apartments:

1,451

Lead Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,439 / per month

Homeownership Rate

Owners
Renters
72.1%
72.1%
27.9%
27.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.8%
20.8%
79.2%
79.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.5%
2.5%
15.0%
15.0%
14.0%
14.0%
68.6%
68.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.9%
71.9%
0.0%
0.0%
17.0%
17.0%
8.2%
8.2%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
15.0%
15.0%
35.0%
35.0%
37.2%
37.2%
5.3%
5.3%
7.5%
7.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Lead

Popular Communities Near Lead, SD

Zip Codes in Lead, SD