HomeSouth DakotaMeade CountySummerset city
Summerset city, South Dakota: commercial real estate data.
Summerset city 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.
76 sourced place values · tier FULL · 8 sections
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 7(a) lending to Summerset borrowers
- Approvals2
- Gross approval$411,000
- Average approval$205,500
- Median approval$315,000
- Ninetieth percentile approval$315,000
- Largest approval$315,000
- Jobs supported31
- Jobs per approval15.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Summerset
SBA 504 lending to Summerset borrowers
- 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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Meade County, not Summerset
Meade County context, not Summerset figures
These are Meade County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Summerset measurements.
- Establishments in Meade County805
- Employment at those establishments, Meade County6,662
- Covered employment, Meade County8,600
- Average annual pay, Meade County$57,255
- Average weekly wage, Meade County$1,101
- Housing units permitted, Meade County138
- Of those, single family, Meade County111
- County product, 2024, Meade County$1,304,608,000
- County product change over the prior year, Meade County4.8 percent
- Average income of an arriving household, Meade County$59,664
Every figure in this section is published for Meade County as a whole and is not a measurement of Summerset. 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
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 totalling $411,000, across 1 lenders, median approval $315,000, plus 7 504 approvals worth $3.2 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Summerset figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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