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Faulkton city, SD

ZIP 57438 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57438

Median Home Value
$116,400
Median Rent
$578
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$748/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 57438 in Faulkton city, SD, a household would need roughly $32,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $748. That sits below the local median household income ($72,847), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.1%+12% vs US avg
x
Vacancy Rate
28.8%+180% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
6.0%-60% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
2.9%-94% vs US avg
x
Mortgage-Free
55.4%+45% vs US avg
x
$116,400
Home Value
$578
Rent
1962
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.7%
  • 1-unit attached0.0%
  • 2-9 units7.6%
  • 10+ units7.4%
  • Mobile home & other9.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$116,400
Median rent$578
Owner-occupied73.1%
Vacant28.8%
Price-to-income1.6x
Est. income to buy$32,000