Spearfish, South Dakota Short-Term Rental Market
Quick Answer: Spearfish, South Dakota is an active short-term rental market. average occupancy is 67%. average monthly revenue is $6,893. average daily rate is $394. the top operator is Black Hills Adventure Lodging with 146 listings. market score is 53/100 (grade D).
Market data reflects the Black Hills regional market, which includes Spearfish. Regulations, taxes, and permit details below are specific to Spearfish.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 25% | $315 | $2,356 |
| Feb | 34% | $324 | $2,680 |
| Mar | 33% | $307 | $2,747 |
| Apr | 23% | $251 | $1,900 |
| May | 46% | $271 | $2,617 |
| Jun | 69% | $339 | $5,916 |
| Jul | 71% | $333 | $6,383 |
| Aug | 58% | $368 | $5,732 |
| Sep | 47% | $280 | $3,688 |
| Oct | 38% | $265 | $2,945 |
| Nov | 26% | $277 | $2,085 |
| Dec | 39% | $334 | $2,930 |
Top Short-Term Rental Operators in Spearfish
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Black Hills Adventure Lodging | 146 | 8,605 | ★ 4.80 |
| 2 | Deadwood Connections | 130 | 8,664 | ★ 4.79 |
| 3 | Evolve | 69 | 4,320 | ★ 4.66 |
| 4 | Black Hills Cabin Rentals | 68 | 3,737 | ★ 4.88 |
| 5 | Bear Property Management | 53 | 4,153 | ★ 4.92 |
What Kind of STR Should I Buy in Spearfish?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 292 |
| 2 bed | 225 |
| 3 bed | 309 |
| 4 bed | 336 |
| 5 bed | 346 |
ADR by Property Tier
| Entire Home | $397 |
| Luxury | $563 |
| Professionally Managed | $454 |
Revenue by Dwelling Type
| Apartment | $3,008 |
| Entire Place | $6,969 |
| House | $7,549 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 24.8% |
| vrbo | 8.5% |
| both | 66.7% |
Investment Analysis
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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