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Lead

Lead

$470,059 Average Value
$307 Average Price per Sq Ft
82 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 Karson Klein, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Area Facts

Number of Homes
1,084
Number of Homes for Sale
82
Median Year Built
1968
Months of Supply
10.10
Average Single Family Home Size Sq Ft
2,374
Above the national average
1,932
Average Townhouse Size Sq Ft
2,332
Average 2 Bedroom Size Sq Ft
798
Average 1 Bedroom Size Sq Ft
333
Median Lot Size Sq Ft
17,859

Open Houses

  • Saturday, May 30
    Open House 5/30

    11279 Black Forest Rd, Lead, SD 57754

    $939,900

    • 3 Beds
    • 3 Baths
    • 1,730 Sq Ft
    • 11279 Black Forest Rd

    Listed by Falina Selchert with Apex Real Estate Collective powered by Real. Call 605-759-0808 for more details or a private tour. Welcome to 11279 Black Forest Road, a brand new 2026 home in Powder House Pass that brings together high end finishes, easy single level living, and the kind of garage space that is hard to find and even harder to forget. This 3 bedroom, 3 bathroom ranch style home

    Agent Photo
    Falina Selchert
    Real Broker Black Hills
    (605) 636-2546
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  • Saturday, May 23
    Open House 5/23

    Lot 2B Westwind Ct, Lead, SD 57754

    $899,000

    • 3 Beds
    • 3.5 Baths
    • 2,098 Sq Ft
    • Lot 2B Westwind Ct
    • New 13 days ago

    New construction townhouse in Powder House Pass blending modern comfort with an unbeatable location for adventure. This 3-bedroom layout offers private en-suite bathrooms for each bedroom, along with a convenient half bath for guests. The open-concept living area is designed for easy entertaining and relaxed everyday living, complemented by a spacious 2-car garage. Just minutes from Deadwood and

    Michaela Anderson Keller Williams Realty Black Hills SP

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  • Saturday, May 23
    Open House 5/23

    Lot 2A Westwind Ct, Lead, SD 57754

    $899,000

    • 3 Beds
    • 3.5 Baths
    • 2,098 Sq Ft
    • Lot 2A Westwind Ct
    • New 13 days ago

    New construction townhouse in Powder House Pass offering the perfect mix of comfort, style, and adventure. This 3-bedroom home features private en-suite bathrooms for each bedroom, plus a convenient half bath for guests. Open-concept living spaces create a natural flow for gathering and entertaining, while the 2-car garage adds everyday ease. Ideally located just minutes from Deadwood and endless

    Michaela Anderson Keller Williams Realty Black Hills SP

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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

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,250
Median Single Family Home Rent
$1,200
Median 3 Bedroom Single Family Home Rent
$1,250
Median Condo Rent
$1,375
Median 2 Bedroom Condo Rent
$1,375

Demographics

Total Population
4,387
Median Age
49
Population under 18
20.4%
On par with the national average
23.8%
Population over 65
26.5%
Above the national average
19.1%

Finances

Median Household Income
$58,623
Significantly below the national average
$79,597
Average Household Income
$76,366

Education and Workforce

High School Graduates
95.5%
College Graduates
22.9%
Below the national average
34.1%
Advanced Degrees
5.7%
Below the national average
13.3%
% Population in Labor Force
61%

Weather

Annual Precipitation
22''
Average Winter Low Temperature
19°F
Average Summer High Temperature
87°F
Annual Snowfall
43''

Area Factors

Not friendly

Bike Score®®

0 / 100

Not friendly

Walk Score®®

10 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and 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
Karson Klein
Landmark Realty & Development
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