Blackhawk, SD—57718
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blackhawk, SD
As of Oct '25, the median home price in Blackhawk, SD is $369,000, with a year-over-year change of 0.9%. This indicates that home prices in Blackhawk, SD are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 0.9% |
| Single Family | $369,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $313,000 | 1.6% |
3 Bed | $352,000 | 1.7% |
4 Bed | $409,000 | 1.5% |
| 5 Bed | $460,000 | 0.2% |
% of Housing Stock
Rental Trends — Blackhawk, SD
As of July '25, Rentcast reports the average rent in Blackhawk, SD is $1,390, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Blackhawk, SD is 1-bedrooms: $1,240, 2-bedrooms: $1,280, 3-bedrooms: $1,850, 4-bedrooms: $2,400. The most common rental property sizes in Blackhawk, SD are 2-bedroom and 3-bedroom, accounting for 87.0% and 8.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,240 |
| 2 Bed Rent | $1,300 | $1,280 |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Blackhawk, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Blackhawk, SD is 62. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $478,000 | 18.0% |
Listing Count | 26 | 124.0% |
| Listings as % of Homes | 0.3% | 124.0% |
Days on Market | 62 | 1.0% |
Demographics — Blackhawk, SD
As of the latest ACS Survey released in 2023, Blackhawk, SD has a population of 7,330, which has increased by 1.7% over the past 5 years. Blackhawk, SD is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,330 | 1.7% |
% Under 18 | 19.8% | -25.3% |
% Seniors | 20.6% | 58.5% |
% WFH | 4.0% | -33.3% |
% w/ College Degree | 28.7% | 5.9% |
As of the latest ACS Survey released in 2023, Blackhawk, SD is a predominantly white area, with 84.6% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Blackhawk, SD is hispanic, making up 4.6% of the population. Foreign-born residents account for 2.6% of the population in Blackhawk, SD, and this percentage has increased by 85.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.6% | -5.6% |
% Black | 1.8% | -5.3% |
% Hispanic | 4.6% | 15.0% |
% Asian | 1.4% | 133.3% |
% Foreign Born | 2.6% | 85.7% |
Mortgage and Risk — Blackhawk, SD
According to HUD data as of 2023, there were 129 mortgage originations in Blackhawk, SD, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Blackhawk, SD. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 129 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Blackhawk, SD
As of 2024, the percent of homes in Blackhawk, SD under the Section 8 program is 7.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Blackhawk, SD, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$370 | $1,200 | $830 |
| 2 Bedroom | -$220 | $1,300 | $1,080 |
| 3 Bedroom | -$390 | $1,850 | $1,460 |
| 4 Bedroom | -$560 | $2,400 | $1,840 |
Affordability — Blackhawk, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $369,000 |
| Median Household Income | $81,900 |