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Lincoln County, SD

Sioux Falls

RANK #423 / 996 NAT  ·  POP 65,801

1YR FORECAST: +0.1%

5YR OUTLOOK: +25%

#10 Fastest Growing
Lincoln County's housing market is projected to grow +0.1% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Avera Health Healthcare
    5,000+
  2. 2
    Sanford Health Healthcare
  3. 3
    Retail Trade (various employers) Retail
    2,500+
  4. 4
    Finance & Insurance (various employers) Finance
  5. 5
    Manufacturing (various employers) Manufacturing
  6. 6
    Professional, Scientific, & Technical Services (various employers) Other
  7. 7
    Lincoln County Government Government
  8. 8
    Lincoln County School District Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
41.8%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

B
SAFETY
GRADE
Firearm Fatalities
7.8
per 100K · nat avg 14.8
Injury Deaths
44.7
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[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 scores 57/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#423). Median household income is $92,317 and job growth is running at +3.2%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Lincoln County affordable?

Housing in Lincoln County is roughly in line with national affordability norms. The median home costs $292,200 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,206/month. Not a bargain, but not a stretch for most local earners either.

Is Lincoln County growing or shrinking?

Lincoln County is growing on multiple fronts. Population is up +4.1% year-over-year while employers added jobs at a +3.2% clip. Home values shifted +2.0% in the past year.

Are people moving to Lincoln County?

In significant numbers — 6.22% of Lincoln County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[08] Similar Counties by Size & Score

Pennington County, SD 55 Minnehaha County, SD 86 Kershaw County, SC 57 Lewis and Clark County, MT 57 Autauga County, AL 57 Wilkes County, NC 58 Allegany County, MD 56 Klamath County, OR 56