Market Overview
Home Prices in Lead, SD
The median home value in Lead, SD is $387,833 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.6% compared to a year ago and down 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lead are priced5% below average. Lead is part of the Spearfish, SD metro area.
Over the past five years, Lead home values have risen by approximately28.2%, reflecting strong long-term appreciation in this market.
Price History
Lead Home Price Trend
2020
$249,651
$250K
—
2021
$302,617
$303K
+21.2%
2022
$384,097
$384K
+26.9%
2023
$384,101
$384K
+0.0%
2024
$405,106
$405K
+5.5%
2025
$398,140
$398K
-1.7%
2026
$387,833
$388K
-2.6%
City Comparison
Lead vs. National Median
🏠 Lead
$387,833
National Median
$410,000
At $387,833, homes in Lead cost 5% below the national median of $410,000. This makes Lead a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lead?
20% Down Payment
$77,567
on $387,833
Monthly P&I
$2,023/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,569/mo
incl. taxes & insurance
Income Needed
$102,760
gross annual (30% rule)
10% Down Option
$38,783
+ PMI applies
Loan Amount (20% dn)
$310,266
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 Lead, SD?
The median home value in Lead is $387,833 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.6% year-over-year.
How much have home prices changed in Lead?
Over the past year, home values in Lead have decreased by 2.6%. Over five years, prices have risen approximately 28.2%.
How much do I need to earn to buy a home in Lead?
To comfortably afford the median home price of $387,833 with a 20% down payment ($77,567) at today's rates (6.8%), you'd need a gross annual income of approximately $102,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Lead compare to the national average home price?
The national median home value is approximately $410,000. At $387,833, homes in Lead are 5% below the national average.
What metro area is Lead part of?
Lead is part of the Spearfish, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.