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Lead

Lead

Located in Lawrence County

$280,815 Average Value
$222 Average Price per Sq Ft
30 Homes For Sale

Gold mining history meets winter recreation in Lead

Lead was once home to a well-known gold mine, and the city takes great pride in its gold-rush heritage. That history is on display at the Black Hills Mining Museum and the Homestake Visitors Center, named for the company that operated the mine. Although there is still some active mining in the area, Lead’s location in the middle of South Dakota's Black Hills makes the city a popular wintertime destination. “It’s mostly known for being a ski community because they have two ski resorts,” says Falina Selchert, a realtor with Real Broker Spearfish who sells and lives in the Black Hills area. “Very friendly people live there. It’s a great little community.”

Two distinct markets shape the city’s residential landscape

The Lead Historic District overlaps with most of the city. “Lead is made up of two very polar opposite housing markets,” Selchert says. “They have the old historic homes, but then they have very high-end, multimillion-dollar homes that are used for vacation rentals.” Multiple housing developments are going up in Lead, including Deer Mountain Village. “With some of those lots, you can ski right into your chalet,” Selchert says.

It’s common for people to buy older historic homes and restore them, instead of tearing them down. Styles vary from smaller Craftsman-inspired cottages to large Dutch Colonial Revival homes. In the $80,000 to $400,000 price range, homes are mostly built before 1950 and are under 2,000 square feet. Houses in the $400,000 to around $830,000 range are often newer and larger. Some homes sell for over $1 million.

Splash pads, ski trails and skate parks keep residents active

The city’s many miles of trails are often used for mountain biking, hiking and horseback riding. The George S. Mickelson Trail alone has over 100 miles, running from Edgemont to Deadwood. Trail passes are required. Lead has six parks with amenities like basketball courts, playgrounds and a horseshoe throwing area. Manuel Brothers Park has a splash pad, a skate park and annual events, like Fourth of July fireworks and a bonfire during Winterfest. The annual festival takes place over three days in February, bringing the community together with food, music and outdoor activities.

The Handley Recreation Center offers events, like roller skating and dance and fitness classes for kids. Spearfish Canyon attracts rock climbers and anglers, while golfers head to Lead Country Club's public nine-hole course. There are many manufactured lakes for swimming in the summer, and residents ski and ride around on snowmobiles in the winter.

Lead schools offer career programs and hands-on experience

Students can attend Lead-Deadwood Elementary, which has a C-plus rating from Niche. Lead-Deadwood Middle and High schools earn B-minus ratings. The high school has around 200 students and offers seven career and technical programs, including agriculture and hospitality and tourism. Students have the opportunity to gain business experience by helping operate a student-run retail store and coffee shop.

Older streets and snowy winters shape daily routines

The area is primarily car-dependent, but Prairie Hills Transit offers a dial-a-ride service to residents of Lawrence County. Lead is just off U.S. Highway 385, which connects to U.S. Route 85 in Deadwood. Winters here are very wet and snowy, and the narrow streets can be challenging to drive on when they’re icy. “If people move away, it’s usually because they’re tired of dealing with the snow and the parking situation,” Selchert says. “It’s a much older community, so parking is very difficult. A lot of the homes don’t even have parking spots. I just sold a home where if someone was parked on the side of the road, you couldn’t get up the street.” Lead has a major flood risk and a severe wildfire risk, according to First Street.

Restaurants, shops and entertainment cluster near downtown

Most dining options in Lead are along the section of the CanAm Highway that runs through the town. The Stampmill was built in 1897 and has suites for rent in addition to a restaurant and saloon. Bob’s Silver Star has a bar-style menu and late-night hours. Dating back to 1914, the Homestake Opera House hosts live performances after a restoration that took several years. The downtown area has a handful of boutiques, gift shops and bakeries. Lynn’s Dakotamart is where most people do their grocery shopping. There are more restaurants and retail stores a few miles away in Deadwood. “Lead is like a little pocket community to Deadwood,” Selchert says.

Joyelle Ronan
Written By
Joyelle Ronan

Interested in learning more about homes in this area? Reach out to Andrea Ronning, an experienced agent in this area.

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Lead Housing Trends

Housing Trends

Median List Price
$263,000
Median Sale Price
$235,000
Median Single Family Sale Price
$257,000
Median Townhouse Sale Price
$245,000
Median 2 Bedroom Sale Price
$164,750
Median Change From 1st List Price
7%
Last 12 months Home Sales
56
Median Home Sale Price YoY Change
6%
Average Price Per Sq Ft
$222

Area Facts

Number of Homes
632
Number of Homes for Sale
30
Median Year Built
1922
Months of Supply
6.40
Average Single Family Home Size Sq Ft
1,899
On par with the national average
1,929
Average Townhouse Size Sq Ft
2,006
Average 2 Bedroom Size Sq Ft
806
Average 1 Bedroom Size Sq Ft
602
Median Lot Size Sq Ft
5,662

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lead Has More Owners

Demographics

Total Population
3,479
Median Age
44
Population under 18
23.2%
On par with the national average
23.8%
Population over 65
21.7%
On par with the national average
19.1%

Finances

Median Household Income
$52,562
Significantly below the national average
$71,702
Average Household Income
$60,147

Education and Workforce

High School Graduates
94.8%
College Graduates
20.9%
Below the national average
34.1%
Advanced Degrees
3.2%
Below the national average
13.3%
% Population in Labor Force
61.8%

Weather

Annual Precipitation
22''
Average Winter Low Temperature
19°F
Average Summer High Temperature
87°F
Annual Snowfall
31''

Area Factors

Somewhat Bikeable

Bike Score®®

11 / 100

Car-Dependent

Walk Score®®

33 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lead
Andrea Ronning
Aspen+Pine Realty
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