HomeSouth DakotaLawrence CountySpearfish
Spearfish, South Dakota: commercial real estate data.
Spearfish 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Spearfish (7(a))
- Approvals47
- Gross approval$15,004,900
- Average approval$319,253
- Median approval$211,500
- Ninetieth percentile approval$727,380
- Largest approval$2,200,000
- Jobs supported431
- Jobs per approval9.2
- Loans with a final outcome16
- Paid in full16
- Charged off0
- 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
Counted by borrower city: approvals to borrowers whose address is in Spearfish, in any county, FY2020 to FY2026. Only 16 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Spearfish
SBA loans in Spearfish (504)
- Approvals30
- Gross approval$12,129,000
- Average approval$404,300
- Median approval$315,000
- Largest approval$1,483,000
- Jobs supported157
- Loans with a final outcome15
- Charged off1
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Spearfish, in any county, FY2010 to FY2026. Only 15 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Spearfish
Flood risk in Spearfish
- NFIP communityCity of Spearfish
- NFIP community number460046
- Participating in the NFIPYes
- Community Rating System classClass 9
- Currently effective map date04/17/12
The City of Spearfish participates in the National Flood Insurance Program as community 460046 and carries Community Rating System class 9, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lawrence County, not Spearfish
Lawrence County context, not Spearfish figures
- Establishments in Lawrence County1,248
- Covered employment, Lawrence County13,566
- Average annual pay, Lawrence County$50,201
- Housing units permitted, Lawrence County219
Every figure in this section is published for Lawrence County as a whole and is not a measurement of Spearfish.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $15.0 m since FY2020, across 11 lenders, median approval $211,500, plus 30 504 approvals worth $12.1 m since FY2010. 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?
No rate is published for Spearfish. Only 16 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Spearfish in the National Flood Insurance Program?
Yes. Spearfish appears in the FEMA Community Status Book as Spearfish, city of, community 460046, carrying Community Rating System class 9, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Spearfish figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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