Home Insurance in Lincoln County, South Dakota
With a median home value of $348,300, Lincoln County is 35% higher than the South Dakota median.
The typical home in Lincoln County was built around 2005. About 11% of homes were built before 1960, about 17 points below South Dakota's 28%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Lincoln County, the housing stock is 74% single-family homes, 20% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 67% of owner-occupied homes in Lincoln County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lincoln County has an owner-occupancy rate of 71% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
Most homes in Lincoln County - 66% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA's National Risk Index lists winter weather (Relatively High), tornado (Relatively High) and hail (Relatively Moderate) as the leading hazards for Lincoln County.
Lincoln County had 74 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
The statewide average premium for a standard HO-3 homeowners policy in South Dakota is $1,614 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $348,300 |
|---|---|
| Median year built | 2005 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Tornado (Relatively High), Hail (Relatively Moderate) |
| Active NFIP flood policies (county) | 74 |
| Home insurance premium | $1,614 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)