Spearfish, SD

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Spearfish short-term rental market based on reliable data.

Listings

104 / 189

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$30,309

Middle-Earners Revenue

Occupancy

58%

Middle-Earners Occupancy

Home Value

$448,786

Median Home Sale Price

Top Earners

$47,196

Top-Earners Revenue

Spearfish

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Spearfish.

Loading top listings...

B

Generally Investor friendly

Spearfish Regulations

Spearfish presently permits STRs with no city permits, licensing, or caps, enabling immediate entry, but an active task force is evaluating future rules—from light licensing to bans—creating notable regulatory uncertainty for investors.

View Spearfish Regulations →

Local STR Agent

STR specialist · Spearfish, SD

Trusted Expert
Get Expert Help In Spearfish
Free consultation Response within 24h

About Spearfish

Spearfish, South Dakota, is a charming city located in the northern Black Hills region. With a population of approximately 12,000 residents, it offers a picturesque setting enriched by its natural beauty and vibrant community atmosphere. Spearfish is situated about 50 miles northwest of Rapid City, which serves as the nearest major urban center.

The city is renowned for several key landmarks that make it appealing for short term rentals. One of the standout attractions is Spearfish Canyon, a stunning location known for its breathtaking cliffs and waterfalls such as Bridal Veil Falls and Roughlock Falls. More information can be found on the city's tourism site Spearfish Canyon.

In the heart of the city, you'll find the D.C. Booth Historic National Fish Hatchery, which offers an interesting and educational experience for visitors. Additional details about this landmark are available at D.C. Booth Historic National Fish Hatchery.

Another significant site is Black Hills State University, which contributes to the youthful, vibrant community and has scenic routes and facilities open to the public. More information can be found on their official website.

For outdoor enthusiasts, Spearfish offers numerous recreational opportunities, including hiking and biking trails, and is in close proximity to the Black Hills National Forest. The forest's comprehensive information can be accessed at Black Hills National Forest.

Overall, Spearfish's appealing combination of natural beauty, educational landmarks, and proximity to outdoor activities makes it an enticing destination for short-term rentals.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc