HomeSouth DakotaMeade CountySummerset
Summerset, South Dakota: commercial real estate data.
Summerset is a Census city of 3,022 people across 2.72 square miles of land, in Meade County. Median household income is $119,271, 78.7 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $411,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Summerset
What Summerset is
- Census place typecity
- Land area2.72 sq mi
- Water area0 sq mi
- Population per square mile of land1,110
- County holding the largest share of its areaMeade 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.
Summerset
How many people live in Summerset
- Population3,022
- Median age35.1
- Population under 18884
- Share under 1829.3 percent
- Population 65 and over248 plus or minus 70
- Share 65 and over8.2 percent plus or minus 2.3
- Households1,076
- Family households879
- Share of households that are families81.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summerset
Income and work in Summerset
- Median household income$119,271
- Per capita income$42,878
- Civilian labor force1,715
- Employed1,677
- Unemployed38 plus or minus 39
- Unemployment rate2.2 percent plus or minus 2.3
- Adults 25 and over1,816
- Adults 25 and over with a high school diploma or higher98.3 percent
- Adults 25 and over with a bachelor degree or higher38.4 percent
- Adults 25 and over with a graduate degree12.5 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summerset
Housing in Summerset
- Housing units1,108
- Occupied units1,076
- Vacant units32 plus or minus 37
- Vacancy rate2.9 percent plus or minus 3.3
- Owner occupied847
- Renter occupied229 plus or minus 75
- Ownership rate78.7 percent
- Median owner-occupied home value$368,300
- Median gross rent, monthly$1,288
- Annual rent as a share of median income13.0 percent
- Single family units855
- Share single family77.2 percent
- Units in buildings of two or more150 plus or minus 59
- Share in buildings of two or more13.5 percent plus or minus 5.1
- Mobile homes103 plus or minus 63
- Median year structure built2007
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summerset
How Summerset gets to work
- Workers 16 and over who commute1,598
- Commuting under 15 minutes391 plus or minus 149
- Share commuting under 15 minutes24.5 percent plus or minus 8.9
- Commuting 30 minutes or more217 plus or minus 72
- Share commuting 30 minutes or more13.6 percent plus or minus 4.3
- Drove alone88.3 percent
- Carpooled5.4 percent plus or minus 2.7
- Public transport0.0 percent
- Walked2.0 percent plus or minus 3.1
- Worked from home4.3 percent plus or minus 2.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summerset
SBA loans in Summerset (7(a))
- Approvals2
- Gross approval$411,000
- Average approval$205,500
- Median approval$205,500
- Largest approval$315,000
- Jobs supported31
- Jobs per approval15.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term162 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Summerset, in any county, FY2020 to FY2026. Only 0 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.
Summerset
SBA loans in Summerset (504)
- Approvals7
- Gross approval$3,154,000
- Average approval$450,571
- Median approval$393,000
- Largest approval$858,000
- Jobs supported44
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Summerset, in any county, FY2010 to FY2026. Only 0 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.
Summerset
Flood risk in Summerset
- NFIP communityCity of Summerset
- NFIP community number460316
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date(NSFHA)
The City of Summerset participates in the National Flood Insurance Program as community 460316 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Meade County, not Summerset
Meade County context, not Summerset figures
- Establishments in Meade County805
- Covered employment, Meade County8,600
- Average annual pay, Meade County$57,255
- Housing units permitted, Meade County138
Every figure in this section is published for Meade County as a whole and is not a measurement of Summerset.
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
Summerset questions, answered from the record.
How many people live in Summerset, South Dakota?
3,022, in 1,076 households. Summerset city covers 2.72 square miles of land, which is 1,110 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Summerset in?
Meade 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 Summerset?
$119,271. The median owner-occupied home is valued at $368,300. Median gross rent is $1,288 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Summerset businesses?
2 7(a) approvals totaling $411,000 since FY2020, across 1 lenders, median approval $205,500, plus 7 504 approvals worth $3.2 m since FY2010. These count approvals to borrowers whose address is in Summerset, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Summerset borrowers get paid back?
No rate is published for Summerset. Only 0 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 Summerset in the National Flood Insurance Program?
Yes. Summerset appears in the FEMA Community Status Book as Summerset, city of, community 460316, with no Community Rating System class, so no CRS discount applies. 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 Summerset figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Meade 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 Summerset.
Is zoning published for Summerset?
No. Nothing on this page presents parcel level zoning.
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