Market Overview
Home Prices in Deadwood, SD
The median home value in Deadwood, SD is $462,070 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Deadwood are priced13% above average. Deadwood is part of the Spearfish, SD metro area.
Over the past five years, Deadwood home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Deadwood Home Price Trend
City Comparison
Deadwood vs. National Median
At $462,070, homes in Deadwood cost 13% above the national median of $410,000. Buyers in Deadwood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Deadwood?
20% Down Payment
$92,414
on $462,070
Monthly P&I
$2,410/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,061/mo
incl. taxes & insurance
Income Needed
$122,440
gross annual (30% rule)
10% Down Option
$46,207
+ PMI applies
Loan Amount (20% dn)
$369,656
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Deadwood, SD?
The median home value in Deadwood is $462,070 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Deadwood?
Over the past year, home values in Deadwood have increased by 0.5%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Deadwood?
To comfortably afford the median home price of $462,070 with a 20% down payment ($92,414) at today's rates (6.8%), you'd need a gross annual income of approximately $122,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Deadwood compare to the national average home price?
The national median home value is approximately $410,000. At $462,070, homes in Deadwood are 13% above the national average.
What metro area is Deadwood part of?
Deadwood is part of the Spearfish, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.