Real Estate Investing in Faith, South Dakota (57626)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57626 (Faith, SD)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 28.8% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Faith, SD (57626)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57626 Faith
This part of Meade County is not an easy win. The 57626 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57626 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 57626 and stronger Faith ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 57626 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 57626 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Faith:
Market Trends
Home Value History (with trend line)
📊 How Does 57626 Compare?
| Metric | 57626 | Faith | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $272,899 | $272,899 | N/A | $311,504 |
| 5-Year CAGR | N/A | N/A | N/A | 6.8% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57626 (Faith, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $272,899 |
| Monthly Rent | $981 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | -3.0% ▼ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 57626
Population: 909
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 57626
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What price range are homes in Faith, SD?
The median home value in Faith, SD is roughly $273K. That puts it reasonable relative to the SD statewide average.
Is Faith, SD good for landlords?
Faith, SD falls under SD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical rental rate in Faith, SD?
The typical rental in Faith, SD commands about $981/mo monthly. That rent profile stable cash flow against the $273K purchase basis.
What is the smart move for investors in Faith, SD?
In Faith, SD the significant play is typically careful cash-flow rentals with hands-on management. The combination of $273K prices and $981/mo rents suits that approach.
What kind of tenants rent in Faith, SD?
Tenant quality in Faith, SD ranks as solid. Landlords generally report consistent occupancy at market rents of $981/mo.
You know 57626 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57626 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 57626 ranks in Rapid City, SD
Every ZIP in this metro, ranked. Free.
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