Lincoln County, South Dakota Housing Market
In Lincoln County, South Dakota, the median home value is $348,300, with a median monthly rent of $1,260. This places Lincoln County at #427 nationally out of 3134 counties by median home value, and #2 within South Dakota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,364
- Establishments: 2,628
- BLS QCEW, 2025
Housing Supply
- Single-family: 208
- Multi-family: 24
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 30,245 (avg $139,695)
- Outflow: 27,051 (avg $145,946)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Lincoln County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57039 | 288.8 | +2.49% | 2025 |
| 2 | 57032 | 260.9 | +1.75% | 2025 |
| 3 | 57013 | 285.9 | +6.00% | 2025 |
| 4 | 57064 | 283.2 | +0.84% | 2025 |
| 5 | 57106 | 244.8 | +0.94% | 2025 |
| 6 | 57108 | 218.2 | +1.80% | 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.
🔗 Explore Lincoln County on Our Sister Sites
Get the complete picture for Lincoln County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Lincoln County Compares
| Metric | Lincoln County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $348,300 | $181,021 | $227,706 |
| Median Gross Rent | $1,260 | $784 | $968 |
| Owner Occupancy Rate | 71.2% | 72.6% | 73.3% |
| Price/Rent Ratio | 23.0 | 19.0 | 18.7 |
Market Analysis
The median home value in Lincoln County is 92.4% above the South Dakota state average and 53.0% above the U.S. national average. The median rent of $1,260/month is 60.7% above the state average.
With a price-to-rent ratio of 23.0, 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 71.2%, compared to 72.6% in South Dakota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Warren County | Virginia | $348,400 | $1,199 |
| Saratoga County | New York | $348,600 | $1,394 |
| Loudon County | Tennessee | $348,000 | $1,062 |
| Ellis County | Texas | $348,600 | $1,594 |
| Inyo County | California | $348,700 | $1,189 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lawrence County | $346,500 | $938 | 65.1% |
| Custer County | $372,100 | $1,112 | 85.6% |
| Meade County | $310,900 | $1,264 | 72.9% |
| Pennington County | $302,200 | $1,120 | 69.3% |
| Union County | $301,100 | $1,069 | 73.1% |
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).