Airbnb Market Analytics, Statistics and Data in Spearfish, South Dakota, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Spearfish? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Spearfish:
How much do Airbnb hosts make on average per month in Spearfish?
The short-term rental market in Spearfish shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $2,872 per month
- Strong performing properties (top 25%) make $5,160 or more
- Best-in-class properties (top 10%) achieve $9,468+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,787
Revenue Variations by Month
Occupancy Rates Throughout the Year in Spearfish
The market in Spearfish shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 46% occupancy rates
- Strong performing properties (top 25%) achieve 66% or higher
- Best-in-class properties (top 10%) reach 79%+occupancy
- Entry-level properties (bottom 25%) average around 29%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Spearfish
Daily rates in Spearfish vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $229 per night
- Strong performing properties (top 25%) secure $405 or more
- Best-in-class properties (top 10%) pull in $648+ per night
- Entry-level properties (bottom 25%) earn around $137
Daily Rate Variations by Month
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Seasonality patterns in Spearfish
Peak Season (July, June, August)
- Revenue peaks at $6664.41 per month
- Occupancy rates reach 67.91%
- Daily rates average $354.55
Shoulder Season
- Revenue averages $4053.30 per month
- Occupancy maintains 47.06%
- Daily rates hold at $305.27
Low Season (November, December, January)
- Revenue drops to $1860.63 per month
- Occupancy decreases to 26.85%
- Daily rates adjust to $263.74
Is it still profitable to do Airbnb in Spearfish in 2025?
Yes! Spearfish demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 47% and strong monthly revenue averaging $4053 and The market's 160 active listings indicate growing demand with plenty of opportunity for new properties. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Spearfish
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Historic Downtown Spearfish | Charming downtown area known for its historic buildings, local shops, and restaurants. Perfect for guests looking to experience the local culture and history. | Spearfish City Park, D.C. Booth Historic National Fish Hatchery, Local eateries and shops, Spearfish Community Theatre, Art galleries |
| Spearfish Canyon | Beautiful scenic canyon known for its stunning natural landscapes and outdoor activities. Ideal for nature lovers and those seeking adventure. | Spearfish Canyon Scenic Byway, Bridal Veil Falls, Hiking trails, Rock climbing spots, Fishing and camping opportunities |
| Highway 14 Business District | Main thoroughfare with easy access to shopping, dining, and services. Convenient for travelers looking for accessibility and a variety of amenities. | Shopping centers, Restaurants, Local businesses, Gas stations, Access to main highways |
| Belle Fourche River | Picturesque area offering river access and outdoor recreation. Popular for guests interested in water activities and exploring nature. | Belle Fourche River, Picnic areas, Fishing spots, Kayaking and canoeing, Walking trails |
| Red Rocks | Unique geological formations and stunning views. A great spot for those seeking outdoor experiences and breathtaking scenery. | Red Rocks State Park, Hiking trails, Photography opportunities, Wildlife viewing |
| University Area | Close proximity to Black Hills State University, attracting students, faculty, and visiting families. Great for short-term stays related to university events. | Black Hills State University, Student-friendly cafes and shops, Sporting events, Cultural and educational activities |
| Lead-Deadwood Historic Area | Nearby historic mining towns with rich history and attractions. Great for tourists interested in the Gold Rush history. | Deadwood Historic District, Lead Deadwood Arts Center, Museums, Casinos, Historic sites |
| Black Hills National Forest | Expansive forest area with a wide range of outdoor recreation opportunities. Perfect for guests looking to immerse themselves in nature. | Hiking and biking trails, Camping sites, Wildlife viewing, Scenic drives, Cave exploration |
Do you need a license for Airbnb in Spearfish?
We recommend checking directly with Spearfish's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Spearfish
Peaceful Forest Park Lodge
Entire Place • 6 bedrooms
Lazy Elk Lodge
Entire Place • 4 bedrooms
Fresh & Family Friendly cabin 5 min from Spearfish
Entire Place • 3 bedrooms
Vibrant & Modern Cabin only 5 min from Spearfish
Entire Place • 3 bedrooms
Polished & Modern Cabin, only 5 min from Spearfish
Entire Place • 3 bedrooms
NEW! Cozy & Modern Spearfish Home Near Downtown!
Entire Place • 5 bedrooms
Top Performing Professional Hosts in Spearfish
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Jacquelyn Danae | 15 | $740,250 | 2145 | 4.92/5.0 |
| Tia | 4 | $411,051 | 159 | 4.96/5.0 |
| Evolve | 8 | $408,344 | 204 | 4.91/5.0 |
| Ryan | 7 | $339,440 | 894 | 4.93/5.0 |
| Tracy | 8 | $230,413 | 404 | 3.69/5.0 |
| 28743107 | 5 | $179,627 | 65 | 2.98/5.0 |
| Heidi | 2 | $179,022 | 47 | 4.89/5.0 |
| Dorcie | 2 | $166,889 | 73 | 4.92/5.0 |
| Mike | 5 | $150,355 | 192 | 4.84/5.0 |
| Cappie | 8 | $143,168 | 480 | 3.70/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Spearfish
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (87.5%), with house and apartment & condo properties comprising 80.6% of inventory
- Strong specialty sector (16.3%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others, unique stays segments (4.4% combined)
Room Capacity Distribution
Analysis of 160 properties in Spearfish shows that 1 bedroom properties are most prevalent, making up 31.3% of the market. The market tends to favor smaller properties, with 1 bedroom and 3 bedrooms together representing 46.9% of all listings.
Key Insights
- Most common: 1 bedroom (31.3%)
- Least common: 4 bedrooms (13.8%)
- Market concentration: 46.9% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 160 properties in Spearfish reveals that 8+ guests properties dominate the market, representing 36.3% of all listings. The average property accommodates 5.0 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 2 guests make up 60.6% of the market.
Key Insights
- Most common capacity: 8+ guests (36.3% of market)
- Least common capacity: 5 guests (1.3% of market)
- Average guest capacity: 5.0 guests per property
- Market concentration: 60.6% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 160 properties in Spearfish, the most common availability pattern is 181-270 days (33.8% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (33.8% of properties).
Key Insights
- Most common availability window: 181-270 days (33.8%)
- Most common booking duration: 181-270 days (33.8%)
- Properties with high availability (180+ days): 65.6%
- Properties with long-term bookings (180+ days): 36.3%
Minimum Stay Distributions
1 Night
67 listings
44.7% of total
2 Nights
44 listings
29.3% of total
3 Nights
18 listings
12% of total
4-6 Nights
7 listings
4.7% of total
7-29 Nights
3 listings
2% of total
30+ Nights
11 listings
7.3% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 74.0%
- Mid-length stays (4-6 nights) represent 4.7% of listings
- Monthly+ stays (7.3%) suggest a stable extended-stay market
- High market flexibility with 86.0% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 60 Days
9 listings
6.6% of total
Super Strict 30 Days
3 listings
2.2% of total
Flexible
9 listings
6.6% of total
Moderate
28 listings
20.4% of total
Firm
59 listings
43.1% of total
Strict
29 listings
21.2% of total
Key Insights
- Firm is the preferred policy at 43.1% of listings
- Stricter policies (Firm & Strict) dominate at 64.3% of the market
- Strong market consensus around Firm policies
- Super Strict 30 Days policies are least common at 2.2% of listings
Recommendations
- The market supports stricter policies, with 64.3% using Firm or Strict terms
- Strong market preference for Firm policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Jun, Aug, averaging 100 days
- Shortest booking windows are in Mar, Jan, Feb, averaging 31 days
- Summer shows the longest average booking window at 100 days, while Winter has the shortest at 36 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 100 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Feb when lead times are shortest
Popular Airbnb Amenities in Spearfish
Below is the distribution of amenities across listings in Spearfish:
Traveler Demographics
Key Insights
- Domestic travelers make up 97.7% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (1.2%) and Australia (0.2%)
- English is the top language at 88.1%, followed by Spanish (8.1%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 7.1%
Recommendations
- Target marketing campaigns for Sioux Falls and Rapid City markets
- Develop localized content for Canada and Australia
- Prioritize English and Spanish language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Spearfish. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Powder House Pass | 113 | $7,158 | $608.55 | 42% |
| Nemo | 24 | $3,850 | $359.56 | 52% |
| Black Hawk | 21 | $3,732 | $295.31 | 46% |
| Lead | 486 | $3,614 | $352.39 | 38% |
| Deadwood | 134 | $3,269 | $381.39 | 41% |
| Hot Springs | 73 | $3,177 | $323.90 | 43% |
| Whitewood | 32 | $3,152 | $326.06 | 43% |
| Keystone | 89 | $3,132 | $252.35 | 58% |
| Custer | 264 | $3,105 | $273.09 | 52% |
| North Spearfish | 20 | $3,038 | $237.19 | 46% |
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