Lincoln County, Minnesota Housing Market
In Lincoln County, Minnesota, the median home value is $164,400, with a median monthly rent of $674. This places Lincoln County at #1919 nationally out of 3134 counties by median home value, and #70 within Minnesota.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $898
- Establishments: 198
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,316 (avg $74,604)
- Outflow: 2,202 (avg $75,921)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Lincoln County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56264 | 250.7 | +7.25% | 2025 |
| 2 | 56164 | 246.8 | -3.87% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lincoln County Compares
| Metric | Lincoln County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,400 | $238,335 | $227,706 |
| Median Gross Rent | $674 | $938 | $968 |
| Owner Occupancy Rate | 81.4% | 77.9% | 73.3% |
| Price/Rent Ratio | 20.3 | 21.1 | 18.7 |
Market Analysis
The median home value in Lincoln County is 31.0% below the Minnesota state average and 27.8% below the U.S. national average. The median rent of $674/month is 28.1% below the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lincoln County has an owner-occupancy rate of 81.4%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Chester County | Tennessee | $164,400 | $756 |
| Cabell County | West Virginia | $164,400 | $923 |
| Winnebago County | Illinois | $164,500 | $1,021 |
| Henry County | Iowa | $164,300 | $820 |
| Iberia Parish | Louisiana | $164,500 | $897 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Marshall County | $164,500 | $690 | 83.0% |
| Martin County | $163,500 | $761 | 68.9% |
| Renville County | $163,200 | $790 | 80.2% |
| Watonwan County | $162,400 | $834 | 77.8% |
| Red Lake County | $162,000 | $583 | 83.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).