Lead, SD—57754
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lead, SD
As of Oct '25, the median home price in Lead, SD is $369,000, with a year-over-year change of -3.5%. This indicates that home prices in Lead, SD are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | -3.5% |
| Single Family | $372,000 | -3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | -1.3% |
3 Bed | $360,000 | 0.3% |
4 Bed | $654,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lead, SD
As of July '25, Rentcast reports the average rent in Lead, SD is $2,010, with a year-over-year rent change of 43.6%. Per bedroom, the median rent as of July '25 in Lead, SD is 1-bedrooms: $1,600, 2-bedrooms: $1,020, 3-bedrooms: $2,700. The most common rental property sizes in Lead, SD are 2-bedroom and 3-bedroom, accounting for 51.1% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,020 | $1,020 |
| 3 Bed Rent | $2,400 | $2,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lead, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Lead, SD is 94. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $917,000 | 12.0% |
Listing Count | 121 | 18.0% |
| Listings as % of Homes | 1.9% | 18.0% |
Days on Market | 94 | -19.0% |
Demographics — Lead, SD
As of the latest ACS Survey released in 2023, Lead, SD has a population of 3,600, which has decreased by -4.8% over the past 5 years. Lead, SD is a less popular place for families, as children make up 13.7% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,600 | -4.8% |
% Under 18 | 13.7% | -19.4% |
% Seniors | 32.4% | 35.6% |
% WFH | 3.0% | 20.0% |
% w/ College Degree | 20.6% | -38.0% |
As of the latest ACS Survey released in 2023, Lead, SD is a predominantly white area, with 94.5% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Lead, SD is hispanic, making up 2.7% of the population. Foreign-born residents account for 0.8% of the population in Lead, SD, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.5% | 1.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.7% | 22.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.8% | -50.0% |
Mortgage and Risk — Lead, SD
According to HUD data as of 2023, there were 58 mortgage originations in Lead, SD, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lead, SD. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 7.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lead, SD
Lead, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 23.9% |
% Occupied Section 8 | 68.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$800 | $1,600 | $800 |
| 2 Bedroom | $30 | $1,020 | $1,050 |
| 3 Bedroom | -$960 | $2,400 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Lead, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $369,000 |
| Median Household Income | $57,000 |