Lincoln County, South Dakota home prices
Typical home $381,169 · +0.7% in a year · property tax 1.15%
The typical home in Lincoln County is worth $381,169, 20% more than the South Dakota typical home ($317,874). Values changed +0.7% in the past year and +20.4% over five years. Homeowners here pay a median 1.15% of their home's value in property tax each year ($4,367 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 | $76,234 | $304,936 | $2,051 | $0 | $554 | $2,606 | $111,700 |
| 10% down | $38,117 | $343,053 | $2,308 | $143 | $554 | $3,005 | $128,800 |
| 5% down | $19,058 | $362,111 | $2,436 | $151 | $554 | $3,141 | $134,600 |
| 3.5% down (FHA) | $13,341 | $374,266 | $2,518 | $169 | $554 | $3,241 | $138,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.15% 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 South Dakota · part of the Sioux Falls metro area.
South Dakota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Meade County | $393,336 | +4.5% | 1.01% |
| Pennington County | $363,102 | +1.8% | 1.08% |
| Butte County | $360,624 | +3.7% | 0.93% |
| Union County | $355,956 | +2.7% | 1.1% |
| Hamlin County | $340,142 | +12.2% | 1.11% |
| Codington County | $335,543 | +3.1% | 0.97% |
| Brookings County | $327,004 | +6.1% | 1.13% |
| Minnehaha County | $325,224 | +1.3% | 1.14% |
| Lawrence County | $442,665 | -0.7% | 0.79% |
| Moody County | $315,215 | +8.0% | 1.1% |
Frequently asked questions
What is the average home price in Lincoln County, SD?
The typical home value in Lincoln County is $381,169 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lincoln County?
About $111,700 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 1.15% of home value a year (Census ACS 2024 5-year estimates).