HomeSouth DakotaLawrence CountySpearfish city
Spearfish city, South Dakota: commercial real estate data.
Spearfish city is a Census city of 12,930 people across 17.27 square miles of land, in Lawrence County. Median household income is $65,688, 49.6 percent of occupied homes are owned, and the SBA record carries 47 7(a) approvals to borrowers here worth $15.0 m.
78 sourced place values · tier FULL · 8 sections
Spearfish
What Spearfish is
- Census place typecity
- Land area17.27 sq mi
- Water area0 sq mi
- Population per square mile of land749
- County holding the largest share of its areaLawrence County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spearfish
How many people live in Spearfish
- Population12,930
- Median age40.0
- Population under 182,376
- Share under 1818.4 percent
- Population 65 and over2,676
- Share 65 and over20.7 percent
- Households5,932
- Family households2,667
- Share of households that are families45.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spearfish
Income and work in Spearfish
- Median household income$65,688
- Per capita income$45,171
- Civilian labor force7,021
- Employed6,868
- Unemployed153 plus or minus 92
- Unemployment rate2.2 percent plus or minus 1.3
- Adults 25 and over8,723
- Adults 25 and over with a high school diploma or higher95.5 percent
- Adults 25 and over with a bachelor degree or higher41.8 percent
- Adults 25 and over with a graduate degree16.3 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spearfish
Housing in Spearfish
- Housing units6,494
- Occupied units5,932
- Vacant units562 plus or minus 208
- Vacancy rate8.7 percent plus or minus 3.2
- Owner occupied2,945
- Renter occupied2,987
- Ownership rate49.6 percent
- Median owner-occupied home value$346,200
- Median gross rent, monthly$963
- Annual rent as a share of median income17.6 percent plus or minus 3.8
- Single family units3,443
- Share single family53.0 percent
- Units in buildings of two or more2,406
- Share in buildings of two or more37.0 percent
- Mobile homes645 plus or minus 192
- Median year structure built1992
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spearfish
How Spearfish gets to work
- Workers 16 and over who commute6,336
- Commuting under 15 minutes4,173
- Share commuting under 15 minutes65.9 percent
- Commuting 30 minutes or more1,017 plus or minus 292
- Share commuting 30 minutes or more16.1 percent plus or minus 4.5
- Drove alone76.6 percent
- Carpooled7.7 percent plus or minus 2.3
- Public transport1.3 percent plus or minus 1.1
- Walked7.3 percent plus or minus 3.4
- Worked from home6.6 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spearfish
SBA 7(a) lending to Spearfish borrowers
- Approvals47
- Gross approval$15,004,900
- Average approval$319,253
- Median approval$211,500
- Ninetieth percentile approval$774,300
- Largest approval$2,200,000
- Jobs supported431
- Jobs per approval9.2
- Loans with a final outcome16
- Paid in full16
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more14.9 percent
- Share to franchises6.4 percent
- Distinct lenders11
- Distinct industries by NAICS31
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Spearfish
SBA 504 lending to Spearfish borrowers
- Approvals30
- Gross approval$12,129,000
- Average approval$404,300
- Median approval$327,000
- Largest approval$1,483,000
- Jobs supported157
- Loans with a final outcome15
- Charged off1
- Charge-off rate over resolved loans6.7 percent
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lawrence County, not Spearfish
Lawrence County context, not Spearfish figures
These are Lawrence County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Spearfish measurements.
- Establishments in Lawrence County1,248
- Employment at those establishments, Lawrence County11,109
- Covered employment, Lawrence County13,566
- Average annual pay, Lawrence County$50,201
- Average weekly wage, Lawrence County$965
- Housing units permitted, Lawrence County219
- Of those, single family, Lawrence County203
- County product, 2024, Lawrence County$1,847,820,000
- County product change over the prior year, Lawrence County2.8 percent
- Average income of an arriving household, Lawrence County$106,709
Every figure in this section is published for Lawrence County as a whole and is not a measurement of Spearfish. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Spearfish questions, answered from the record.
How many people live in Spearfish, South Dakota?
12,930, in 5,932 households. Spearfish city covers 17.27 square miles of land, which is 749 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Spearfish in?
Lawrence County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Spearfish?
$65,688. The median owner-occupied home is valued at $346,200. Median gross rent is $963 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Spearfish businesses?
47 7(a) approvals totalling $15.0 m, across 11 lenders, median approval $211,500, plus 30 504 approvals worth $12.1 m. These count approvals to borrowers whose address is in Spearfish, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Spearfish borrowers get paid back?
Of the 16 loans that have reached a final outcome, 16 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Spearfish figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lawrence County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Spearfish.
Is zoning published for Spearfish?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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