Black Hills Knowledge Netowork

A study found the average owner-occupied house in Lead costs $73,250.
A study found the average owner-occupied house in Lead costs $73,250.
Black Hills Knowledge Network photo/Chelsea Gortmaker
April 28, 2016

Lead-Deadwood Housing Study Shows High Commuter Rate

The vast majority of workers in Lead and Deadwood commute to their jobs, and community leaders are forming a strategy to add affordable rental housing to both communities, reports the Black Hills Pioneer

In Lead, 75 percent of the city's 650 workers commute to work, while in Deadwood it is more than 95 percent of the city's 2,498 workers. The findings came from a study commissioned by the Deadwood Lead Economic Development Corp. The study found that almost half of Lead's 613 rental units are more than 35 years old, with 54 percent of Deadwood's 368 rental units that old. No new rental units have been built in either community for 15 years. 

The study projects that by 2020 Lead will add 72 households, while Deadwood will add 38, precipitating the need for about 42 new rental units based on a 40 percent rate of renting vs. owning. 

Download the full study. Read more about Housing on the Black Hills Knowledge Network

 

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