Lincoln County, Minnesota home prices
Typical home $207,341 · +5.4% in a year · property tax 0.96%
The typical home in Lincoln County is worth $207,341, 41% less than the Minnesota typical home ($348,778). Values changed +5.4% in the past year and +27.0% over five years. Homeowners here pay a median 0.96% of their home's value in property tax each year ($1,985 on the typical home), versus 1.04% statewide.
Mortgage on the typical Lincoln County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $41,468 | $165,873 | $1,116 | $0 | $269 | $1,385 | $59,400 |
| 10% down | $20,734 | $186,607 | $1,255 | $78 | $269 | $1,602 | $68,700 |
| 5% down | $10,367 | $196,974 | $1,325 | $82 | $269 | $1,676 | $71,800 |
| 3.5% down (FHA) | $7,257 | $203,586 | $1,370 | $92 | $269 | $1,730 | $74,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.96% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Minnesota.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Red Lake County | $208,265 | +8.2% | 1% |
| Big Stone County | $205,428 | +9.9% | 0.87% |
| Pipestone County | $205,022 | +9.0% | 0.86% |
| Mower County | $201,999 | +2.9% | 1.03% |
| Swift County | $200,692 | +5.2% | 0.86% |
| Marshall County | $199,293 | +6.3% | 0.8% |
| Lac Qui Parle County | $216,260 | +3.9% | 0.9% |
| Freeborn County | $197,437 | +5.5% | 1.11% |
| Stevens County | $217,836 | +8.1% | 0.81% |
| Martin County | $219,955 | +3.5% | 1.02% |
Frequently asked questions
What is the average home price in Lincoln County, MN?
The typical home value in Lincoln County is $207,341 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lincoln County?
About $59,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lincoln County?
The median effective rate is 0.96% of home value a year (Census ACS 2024 5-year estimates).