Home Insurance in Canton, South Dakota
The median home value in Canton is $191,400, 45% lower than the Lincoln County median.
The typical home in Canton was built around 1960. About 50% of homes were built before 1960, about 39 points above Lincoln County's 11%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Canton breaks down to 79% single-family homes, 6% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
48% of owner-occupied homes in Canton carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Canton has an owner-occupancy rate of 68% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
In Canton, 79% of homes are primarily heated with natural gas.
Lincoln County had 74 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Relatively High). See the full Lincoln County home insurance overview for all FEMA hazard ratings and flood coverage details.
In South Dakota, the statewide average premium for a standard HO-3 homeowners policy is $1,614 per year (NAIC, 2023 data).
Key figures
| Median home value | $191,400 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Lincoln County | 74 |
| Home insurance premium | $1,614 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- 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)