The typical owner-occupied home in Lincoln County is worth about $348,300, 35% above the South Dakota median of $257,400 and 5% above the national median of $332,700. Owners pay a median $3,990 a year in property taxes, about 1.15% of their home's value, higher than the South Dakota rate of 1.06%. The median household earns $99,166 a year, so the median home costs 3.5 times the median income (3.4 times for South Dakota). 71% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Lincoln County at a glance
| Lincoln County | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $348,300 | $257,400 | $332,700 |
| Median property tax paid per year | $3,990 | $2,724 | $3,119 |
| Property tax as a share of value | 1.15% | 1.06% | 0.94% |
| Median household income | $99,166 | $75,081 | $80,734 |
| Homes lived in by their owners | 71% | 69% | 65% |
| Owner homes with a mortgage | 67% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,937 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 20.4% | 21.0% |
| Median rent | $1,260 | $946 | $1,413 |
| Rent as a share of renters' income | 25.9% | 25.9% | 30.6% |
| Median year homes were built | 2005 | 1980 | 1980 |
| Vacant homes | 2.9% | 10.5% | 10.1% |
| Population | 70,638 | 907,428 | 334,922,499 |
What a typical home costs per month in Lincoln County
At this week's average 30-year rate of 7.11%, buying the median Lincoln County home of $348,300 with 20% down costs about $2,353 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,934, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $100,857 for the 20%-down payment. That payment is 28% of the median Lincoln County household income of $99,166; at that income and 20% down, the 28% guideline points to a home of about $342,000.
The median rent here is $1,260 a month, so owning the median home costs about $1,093 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,660 |
|---|---|
| Loan amount | $278,640 |
| Principal and interest | $1,874 |
| Property taxes (1.15% a year) | $334 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,353 |
Change the numbers in the calculator
| Down payment | $12,190 |
|---|---|
| Loan amount | $341,991 |
| Principal and interest | $2,301 |
| Property taxes (1.15% a year) | $334 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $2,934 |
Change the numbers in the calculator
Questions about home buying in Lincoln County
What is the median home value in Lincoln County?
About $348,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lincoln County?
Homeowners pay a median $3,990 a year, which is about 1.15% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lincoln County?
For the median home with 20% down at 7.11%, the payment is about $2,353 a month. Keeping that under 28% of gross income takes about $100,857 a year.
More about Lincoln County
- Mortgage Refinance in Lincoln County
- Debt Relief in Lincoln County
- Home Equity Loans in Lincoln County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data