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Lincoln County, SD

RANK #663 / 996  ·  POP 65,801  ·  SD

PROJECTED GROWTH: +0.2%

Lincoln County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Lincoln County?

Lincoln County, South Dakota, stands out as one of the fastest-growing counties in the United States, largely due to the southward expansion of Sioux Falls, the state's largest city. Canton serves as the county seat, while other notable towns include Tea and Harrisburg. Commuting to Sioux Falls is a common practice, with Interstate 29 running through the county. The community offers access to outdoor recreation along the Big Sioux River, with opportunities for kayaking and fishing, and parks like Lake Alvin and Newton Hills State Park provide hiking and camping options.

Life in Lincoln County is characterized by a mix of families and young professionals, with a majority of residents owning their homes. The public schools in districts like Harrisburg, Tea Area, and Canton are considered above average. The economy is significantly influenced by its proximity to Sioux Falls, which is a major trade area and home to nationally recognized healthcare providers. Recent economic developments include public-private partnerships focused on developing commercial, light industrial, and residential areas, leading to increased tax revenue for schools and communities.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
-2.2%

Contracting economy

Home Prices
+2.0%

Above national median

Climate & Terrain
-3.9

Harsh climate or flat terrain

Price/Rent
19x

Above national median (13x)

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lincoln County U.S. National

The Numbers

DEMOGRAPHICS
Population
65,801
+4.06% YoY
Median Household Income
$92,317
Median Home Value
$292,200
+2.02% 12mo
Median Rent
$1,206
Average Annual Pay
$65,125
+3.2% YoY
Employment
29,694
+3.2% YoY
Income-to-Home-Value
0.3159
More affordable than average
Migration Inflow
6.22%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$362,000
Days on Market
105
Slower market
Months of Supply
5.3
Buyer's market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
12.0%
Listings w/ Price Drops
13.1%
Building Permits (2024)
268
Single-Family Permits
206

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth -2.2% 2 percentile
Population Growth +4.1% 99 percentile
Income Growth +5.4% 5 percentile
Vacancy Rate 0.4% 98 percentile
Home Price Change +2.0% 59 percentile
Rent Growth +4.8% 77 percentile
Price/Rent 19x 11 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lincoln County, SD a good place to move to?

Lincoln County has a Boom Town Index score of 34/100, ranking #663 among 996 U.S. counties. With job growth at +3.2% and a median household income of $92,317, it faces some economic headwinds compared to faster-growing counties.

Is Lincoln County affordable?

The median home value in Lincoln County is $292,200 with median rent at $1,206/month. The income-to-home-value ratio is 0.3159, which is more affordable than the national average.

Is Lincoln County growing or shrinking?

Population growth: +4.1% year-over-year. Job growth: +3.2%. Home values changed +2.0% in the past 12 months.

Are people moving to Lincoln County?

Yes — 6.22% of Lincoln County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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