What income do you need to buy a house in Lead, SD?

It takes about $112,000/yr to afford the typical Lead, SD home ($386K, -2.2% past year) at today's rates. Starter homes run around $201K. See if you can afford a house in Lead (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $112,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, SD property tax and insurance)
• Typical home value: $386K (Zillow ZHVI, 2026-07)
• 1-year change: -2.2%
• Bottom 35% of homes: $201K
• Top 35% of homes start around: $764K
• Median household income: $73K
• Price-to-income ratio: 5.3
• Estimated payment on the typical home: $2,006/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Spearfish, SD — typical home $461K
• Sturgis, SD — typical home $378K
• Belle Fourche, SD — typical home $343K
• Rapid City, SD — typical home $367K
• Box Elder, SD — typical home $371K
• Gillette, WY — typical home $340K

The most affordable cities to buy a house in South Dakota

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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