The story of this market
The typical home in Lawrence County, South Dakota sells for about $309,900, or $206 per square foot.
Prices are up +28.57% from a year ago, so sellers still have some momentum. Homes take about 53 days to sell. Over the long run, values in this county have grown 248% since 2000. Last year 8 of 8 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,207 a month.
HUD sets the fair market rent for a 2-bedroom at $1,207 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+3.8%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+23.5%). Worst: 2010 (-1.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.8%
SD · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,671
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+3.8%
2025 change
FHFA repeat-sales index, median of 8 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
75
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $16,145,817.
Mortgage activity
Home lending in this county
86.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1301 | 761 | 86.2% | 8% | $245,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Lawrence County, South Dakota
The Lawrence County housing market is experiencing a period of adjustment with rising inventory levels and moderate price growth. While affordability remains a challenge for some buyers, the low unemployment rate and steady population growth continue to support market activity. The current environment reflects a transition from the high-demand conditions of previous years toward a more balanced state.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 5 ZIP reports
Median prices moved up 2.9% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.93% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.7% · poverty 11.6% — a stable, low-distress profile.
Deterministic aggregate of 3 researched ZIP reports of 5 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
| 57717 | Belle Fourche | $302,100 | $166 | +3.2% | 45 | 98.5% | 12% | 4.2 | 91 | $973 | researched Sep 27 |
| 57732 | Deadwood | $246,648 | $118 | +3.9% | 84 | 96.5% | 12% | 7.5 | 30 | $775 | researched Sep 27 |
| 57754 | Lead | $515,000 | $226 | +2.9% | 57 | — | — | — | — | $844 | researched Sep 27 |
| 57783 | Spearfish | $675,000 | $251 | +2.5% | 87 | 98.2% | 12% | 5.2 | 262 | $965 | researched Sep 27 |
| 57785 | Sturgis | $345,000 | $215 | +3.2% | 68 | 97.5% | 12% | 4.2 | 62 | $805 | researched Sep 27 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The region faces wildfire risks common to the Black Hills area, which influences local insurance-climate postures.
Economic momentum is driven by tourism, forestry, and regional services, with ongoing development in the Black Hills corridor.
Property taxes are assessed by the Lawrence County Director of Equalization based on market value, with rates determined by local taxing districts including school, county, and municipal levies.
The economy is anchored by tourism, government services, and natural resource management, with a low unemployment rate of 1.7% as of May 2026.
The county is served by major highway corridors including I-90, facilitating regional transit and commuting.
The Lawrence County Director of Equalization manages the assessment of real property for tax purposes.
Parcels are subject to various special districts including school districts and municipal service areas.
Property insurance markets are influenced by regional wildfire exposure and environmental risk factors.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Extensive outdoor recreation area covering much of the county.
Popular destination for hiking, sightseeing, and nature photography.
Data retrieved from Census Reporter and US Census Bureau QuickFacts.
Property is assessed at full and true market value, then equalized to 85% of that value to determine the taxable value. The tax amount is calculated by multiplying the taxable value by the local mill levy rate, which is determined by the budgetary requirements of local government units (schools, counties, municipalities).
Governed by Title 10 of the South Dakota Codified Laws.
applies when — Applies to new structures and additions in specific subdivisions or developments where the board of county commissioners has adopted the formula.
Provides a tax break on the assessed value of new structures or additions for up to five or seven years, at the discretion of the county commissioners.
SDCL 10-6-144.
applies when — Applies to residential real property governed by a homeowners' association.
Sellers must provide the buyer with governing documents, a statement of assessments (amount, frequency, purpose), and a list of special one-time assessments from the previous three years prior to a written offer.
SDCL 43-4-44.1, effective for transfers after July 1, 2024.
Sellers of residential real property must provide a written property condition disclosure statement to potential buyers before a written offer is made, covering material facts about the property's condition.
SDCL 43-4-44.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.