Home Insurance in Tea, South Dakota
The median home value in Tea is $351,100, close to the Lincoln County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Tea was built around 2004. About 5% of homes were built before 1960, about 6 points below Lincoln County's 11%.
The housing stock in Tea is 85% single-family homes and 11% apartments in buildings with 5+ units.
84% of owner-occupied homes in Tea carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 80% of occupied homes in Tea are owner-occupied. The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Tea - 73% - are primarily heated with natural gas.
Lincoln County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Lincoln County had 74 active NFIP flood policies as of September 2026. See the full Lincoln County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $351,100 |
|---|---|
| Median year built | 2004 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 84% |
| 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)