Commercial Real Estate Market in Deadwood, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 327 off-market properties in Deadwood, SD.
Market Trends
Deadwood, SD spans 125.5 square miles in Lawrence County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Deadwood, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Deadwood, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Deadwood, SD runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Deadwood, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.7%
- Commercial 23.9%
Largest Zones share of zoned land by district
Park Forest District
Residential Single Family
Commercial Highway
Residential Multifamily
Public Use District
Deadwood, SD zones 2,873 acres across 7 districts. Commercial zoning covers 23.9% of zoned land, residential 72.7%. The largest single district is Park Forest District at 35.1%. For commercial buyers the practical constraint is that only 23.9% of land carries a commercial or industrial designation.
Park Forest District (PF)
CHAPTER 17.20 PF PARK FOREST DISTRICT 17.20.010 Intent 17.20.020 Uses Permitted By Right 17.20.030 Conditional Uses 17.20.040 Area And Bulk Requirements 17.20.010 Intent The PF park forest district is intended to provide areas in forested sections of the city to be used for low-density single-family residential development while minimizing potential adverse…
Market overview
Demographics & Economy
Deadwood, SD has 1,965 residents in 1,519 households. Density runs 16 people per square mile. Median household income here is $44,750 and median gross rent $725 a month.
1,965
Population
1,519
Households
1.3
Avg Household Size
55
Median Age
22%
College-Educated
92%
High-School Grad
125.5 sq mi
ZIP Area
16
Density / Sq Mi
$44,750
Median Household Income
$35,511
Median Earnings
$725
Median Rent
$279,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pluma | — | — |
| Terraville | — | — |
| Central City | — | — |
| Lead | — | — |
Commercial property in Deadwood, SD asks $951/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Deadwood?
Commercial property in Deadwood, SD asks an average of $951 per square foot.
What zoning applies to commercial property in Deadwood?
Deadwood, SD zones 2,873 acres across 7 districts, of which 23.9% is commercial and 0% industrial. The largest single district is Park Forest District at 35.1% of zoned land. CHAPTER 17.20 PF PARK FOREST DISTRICT 17.20.010 Intent 17.20.020 Uses Permitted By Right 17.20.030 Conditional Uses 17.20.040 Area And Bulk Requirements 17.20.010 Intent The PF park forest district is intended to provide areas in forested sections of the city to be used for low-density single-family residential development while minimizing potential adverse… Residential zoning covers 72.7% and open space 0%.
Where does Realmo's Deadwood market data come from?
Realmo compiles Deadwood, SD figures from 16 active sale listings, 1 active lease listings, 327 tracked off-market properties, the current Deadwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 1 active for-lease listings in Deadwood, SD. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,873 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
