Market Overview
Home Prices in Faith, SD
The median home value in Faith, SD is $293,787 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.1% compared to a year ago and down 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Faith are priced28% below average. Faith is part of the Rapid City, SD metro area.
Price History
Faith Home Price Trend
2022
$291,003
$291K
—
2023
$302,328
$302K
+3.9%
2024
$280,143
$280K
-7.3%
2025
$266,902
$267K
-4.7%
2026
$293,787
$294K
+10.1%
City Comparison
Faith vs. National Median
🏠 Faith
$293,787
National Median
$410,000
At $293,787, homes in Faith cost 28% below the national median of $410,000. This makes Faith a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Faith?
20% Down Payment
$58,757
on $293,787
Monthly P&I
$1,532/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,946/mo
incl. taxes & insurance
Income Needed
$77,840
gross annual (30% rule)
10% Down Option
$29,379
+ PMI applies
Loan Amount (20% dn)
$235,030
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Faith, SD?
The median home value in Faith is $293,787 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.1% year-over-year.
How much have home prices changed in Faith?
Over the past year, home values in Faith have increased by 10.1%.
How much do I need to earn to buy a home in Faith?
To comfortably afford the median home price of $293,787 with a 20% down payment ($58,757) at today's rates (6.8%), you'd need a gross annual income of approximately $77,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Faith compare to the national average home price?
The national median home value is approximately $410,000. At $293,787, homes in Faith are 28% below the national average.
What metro area is Faith part of?
Faith is part of the Rapid City, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.