Summerset, South Dakota.
Typical home $429,277 (+1.3% in a year), asking rent $1,395 . Rapid City, SD metro.
to buy the typical home at today's mortgage rate — +$1,239 (+122%) since Jan 2020.
- 1 year
- Up $5,691 +1%
- $423,586$429,277 since Sep 2025
- 5 years
- Up $85,076 +25%
- $344,200$429,277 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Summerset$2,253
- South Dakota$1,668
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Summerset, SD rose 1.3% over the past year — in step with the nation.
Living in Summerset, Meade County, South Dakota
Summerset is a city of 2,972 people in Meade County. Half its households earn more than $119,271 a year and half less, against $74,790 across Meade County; 9% of its people live below the poverty line. 79% of its homes are lived in by their owners and 21% are rented. Unemployment in Meade County was 2.1% in August 2026, and the county had 7.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 26 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Summerset is a small city in Meade County, and its residents are younger than in much of the country. Incomes here run well above the county's, and fewer people live below the poverty line than you might expect. Most homes are lived in by their owners, and a four-year degree is held by a good share of adults. Winters are cold and snowy, with January the coldest month, while summers are warm and the year brings a moderate amount of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, followed by shops, the building trades, and restaurants, hotels and entertainment. Across Meade County, some of the largest workplaces are the Veterans Health Administration, Meade School District 46-1 and Monument Health Sturgis Regional. Unemployment is low and has held steady over the past year, and the county has added jobs. A typical commute is a modest one, and few people work from home.
Things to do. Dinosaur Park, a museum, and The Journey Museum and Gardens, a botanical garden, are both a short drive away. Bogus Jim Creek, a river, is also close by for time outdoors. Farther afield, a longer drive brings you to Reptile Gardens, a zoo, and to Sylvan Lake, a reservoir.
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- 1,076households
- 38%of adults have a degree
- 9%below the poverty line
- 20 mintypical commute
- 4%work from home
What residents work in
Employed residents by industry, from the Census survey. Meade County had 9,206 jobs in 2025, 7.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 37° and lows near 13°; warmest in July, with highs near 84° and lows near 58°. About 36 inches of snow and 19 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Rapid City 4NW weather station, 6 miles away (NOAA).
Largest workplaces in Meade County
- Veterans Health AdministrationFederal government · Department of Veterans Affairs784
- Meade School District 46-1School district399FTE
- Monument Health Sturgis RegionalCritical access hospital146FTE
- GenPro Energy SolutionsHighway, street and bridge lighting and electrical signal installation127
- AmazonCouriers and express delivery services82
- CourtyardHotels, resort, without casinos58
- 34 EllsworthMaintenance and repair services, aircraft46
- Harlow's School Bus Service35
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 12 workplaces with 20 or more staff, 770 people in all across the county; Summerset has one of its own. Federal offices come from OPM's federal workforce data (2026), school districts from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- WildfireRelatively high
- HailRelatively high
- LightningRelatively high
- Cold wavesRelatively high
- Strong windRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Summerset’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Meade County and the Rapid City, SD metro.
Summerset home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Summerset$429,277
- South Dakota$317,874
- United States$366,157
Sellers are cutting prices on about 1 in 3 Summerset listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Summerset36.08%
- United States25.56%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Summerset16
New listings per month
Sellers arriving at the market.
- Summerset7
Zip codes with a Summerset address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Summerset — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.