Lincoln County, Minnesota Housing Market Prices
Lincoln County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% below the Minnesota median$155,833
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Median rent 47% below the Minnesota median Among the top 5 cheapest counties in Minnesota$674
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lincoln County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,833 | $236,718 | $248,835 |
| Price Trend (Annual %) | 13.6% | 6.6% | 7.5% |
| Median Gross Rent | $674 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 1.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lincoln County is about 34% lower than in Minnesota. Rent is about 47% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lincoln County, up about 13.6% and 1.8% a year respectively. Home prices are changing faster.
Median rent in Lincoln County rose about 27.8% between 2015 and 2024, from $527 to $674. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Lincoln County.
Buying the median-priced home in Lincoln County costs roughly 19.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lincoln County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Lincoln County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,833 | $236,718 | $248,835 |
| Median Household Income | $69,005 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lincoln County rose about 36.0%, while median household income rose about 51.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lincoln County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.4% | 65.5% | 58.5% |
| Rental Rate | 14.9% | 25.2% | 31.2% |
| Vacancy Rate | 19.7% | 9.3% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Lincoln County has a homeownership rate of 65.4%, about the same as the Minnesota average of 65.5%. Its housing vacancy rate is 19.7%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Lincoln County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1962 | 1976 | 1978 |
| Median Number of Rooms | 6.6 | 6.1 | 5.5 |
The typical housing unit in Lincoln County was built around 1962. On average, 2.2 people live in a home with about 6.6 rooms, staying for about 20.0 years on average.
Lincoln County, MN Housing Compared With Nearby Counties
How Lincoln County, MN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lincoln County, MN | 5,603 | $155,833 #1/2 | $674 #2/2 | 81.4% #1/2 |
| Lyon County, MN | 25,503 | $101,293 | $780 | 74.7% |
Frequently Asked Questions
Common questions about the housing market in Lincoln County, Minnesota.
What is the median home price in Lincoln County, Minnesota?
The median home price in Lincoln County, Minnesota is $155,833, lower than the Minnesota average of $236,718.
What is the average home price in Lincoln County, Minnesota?
The typical home price in Lincoln County, Minnesota, reported as the median sale price, is $155,833. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lincoln County, Minnesota?
The median gross rent in Lincoln County, Minnesota is $674 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Lincoln County in 2020?
In 2020, the median gross rent in Lincoln County, Minnesota was $639 per month.
What is the price-to-rent ratio in Lincoln County, Minnesota?
The price-to-rent ratio in Lincoln County, Minnesota is about 19.3, meaning it would take roughly 19.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lincoln County.
Are home prices or rent rising faster in Lincoln County, Minnesota?
Both home prices and rent are rising in Lincoln County, up about 13.6% and 1.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lincoln County, Minnesota?
65.4% of households in Lincoln County, Minnesota own their home, about the same as the Minnesota average.
What is the vacancy rate in Lincoln County, Minnesota?
The housing vacancy rate in Lincoln County, Minnesota is 19.7%, higher than the Minnesota average of 9.3%.
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