Lincoln County, South Dakota 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.
-
Median home price 267% above the South Dakota median More expensive than 92% of counties in South Dakota$337,722
-
Median rent 33% above the South Dakota median Among the 3 most expensive counties in South Dakota$1,260
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lincoln County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,722 | $92,142 | $248,835 |
| Price Trend (Annual %) | 10.5% | -1.1% | 7.5% |
| Median Gross Rent | $1,260 | $946 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lincoln County is about 267% higher than in South Dakota. Rent is about 33% higher than the South Dakota 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 10.5% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Lincoln County rose about 51.0% between 2015 and 2024, from $835 to $1,260. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Lincoln County.
Buying the median-priced home in Lincoln County costs roughly 22.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lincoln County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Lincoln County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,722 | $92,142 | $248,835 |
| Median Household Income | $98,826 | $75,087 | $80,455 |
| Price-to-Income Ratio | 3.4 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lincoln County rose about 56.6%, while median household income rose about 45.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lincoln County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.2% | 61.3% | 58.5% |
| Rental Rate | 27.9% | 28.1% | 31.2% |
| Vacancy Rate | 2.9% | 10.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Lincoln County has a homeownership rate of 69.2%, higher than the South Dakota average of 61.3%. Its housing vacancy rate is 2.9%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Lincoln County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1991 | 1980 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Lincoln County was built around 1991. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 13.0 years on average.
Lincoln County, SD Housing Compared With Nearby Counties
How Lincoln County, SD compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lincoln County, SD | 70,639 | $337,722 #1/3 | $1,260 #1/3 | 71.2% #1/3 |
| Minnehaha County, SD | 203,266 | $96,546 | $977 | 63.1% |
| Clay County, SD | 15,219 | $178,750 | $769 | 50.8% |
Frequently Asked Questions
Common questions about the housing market in Lincoln County, South Dakota.
What is the median home price in Lincoln County, South Dakota?
The median home price in Lincoln County, South Dakota is $337,722, higher than the South Dakota average of $92,142.
What is the average home price in Lincoln County, South Dakota?
The typical home price in Lincoln County, South Dakota, reported as the median sale price, is $337,722. 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, South Dakota?
The median gross rent in Lincoln County, South Dakota is $1,260 per month, higher than the South Dakota average of $946.
What was the median gross rent in Lincoln County in 2020?
In 2020, the median gross rent in Lincoln County, South Dakota was $993 per month.
What is the price-to-rent ratio in Lincoln County, South Dakota?
The price-to-rent ratio in Lincoln County, South Dakota is about 22.3, meaning it would take roughly 22.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lincoln County.
Are home prices or rent rising faster in Lincoln County, South Dakota?
Both home prices and rent are rising in Lincoln County, up about 10.5% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lincoln County, South Dakota?
69.2% of households in Lincoln County, South Dakota own their home, higher than the South Dakota average of 61.3%.
What is the vacancy rate in Lincoln County, South Dakota?
The housing vacancy rate in Lincoln County, South Dakota is 2.9%, lower than the South Dakota average of 10.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →