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Lead

Lawrence County, SD

STR Investment Grade

Transparent Scoring
C
50/100
⚠️ HOLD
Score Breakdown
💰Cash-on-Cash
10/35
🏠Affordability
6/25
📅Year-Round Income
9/15
🤝Landlord Friendly
10/10
📈Room to Grow
15/15
Cash-on-Cash
4.6%
Break-even
Median Home
$366K
Expensive
Room to Grow
15/15
Excellent Headroom

STRs Generally Permitted

STRs generally allowed with standard permits

No major restrictions known. Standard registration and tax collection may be required. Check local ordinances for specific requirements.

Permit: Moderate
AI-generated regulation data · Regulations change frequently
📋 Before You Invest
Even in STR-friendly markets, confirm the details for your specific property. Call the Lead City Clerk or Planning & Zoning Department and ask:
1. Are short-term rentals (under 30 days) allowed at [your address]?
2. What permits or licenses are required?
3. Are there owner-occupancy requirements?
4. Any caps on rental nights per year or number of permits?
Regulation details vary by neighborhood and zoning district — always verify for your specific address.

Why Lead?

Mountain Market

What drives short-term rental demand here

🏔️
Mountain Getaway

Ski season and summer hiking create year-round demand for mountain retreats and cabin stays.

🔥
High Demand Zone

Strong traveler demand supports a competitive market with proven revenue potential.

Will This Deal Work?

Investment Grade
C
Break-even
CoC: 4.6%
Can You Pay the Bills?
YES
Income covers mortgage
THE BOTTOM LINE ⚠️

Marginal opportunity. Returns may be limited - consider negotiating or other markets.

💵
$259
Avg ADR
📅
45%
Occupancy
💰
$3,500
Monthly Revenue
🏠
$366K
Median Price

Market estimates · Updated Feb 2026

📊 Income by Property Size

Monthly revenue estimates by bedroom count

1BR
$1,925
2BR
$2,625
3BR
$3,500
4BR
$4,725
5BR
$5,775
6BR+
$6,825
⭐ Best

🏠 Top Amenities for This Market

Add these to boost your revenue

MUST HAVEHot Tub
+22%
MUST HAVEFireplace
+15%
HIGH IMPACTGame Room
+18%
HIGH IMPACTMountain Views
+12%
NICE TO HAVEFire Pit
+8%

🎯 Your Next Steps

1
Search for 6BR+ properties
Best income potential at $6,825/month
2
Add a Hot Tub
Boost revenue by +22%
3
Target $4,375/month
Top 25% performer income goal

📋 Regulation Status

LegalPermit: Moderate

Regulations vary by city and county. Always verify local STR ordinances, permit requirements, and zoning laws before purchasing.

Research Comparable Listings

See active short-term rentals in this market

View Listings on Airbnb

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Take the Next Step

Find homes, agents, and lenders in this market

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📊

Run the Numbers on a Property

Free STR calculator with comp data for any address

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See how our students earn $2K–$4K/mo from rural Airbnbs — even as first-time investors.

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Lead, South Dakota is rated C for Airbnb investment with a score of 50/100 (HOLD). The market has an average daily rate (ADR) of $259, 45% occupancy, and estimated monthly STR revenue of $3,500. Median home value is $366,290 with a cash-on-cash return of 4.6%. STR regulation status: Legal. Data powered by Edge by Teeco using estimated market data.