Español

Este sitio también está en español. Leer en español

City · 6,786 residents · Lincoln County, South Dakota

Tea , South Dakota

In Tea, a typical home is worth $351,100 and typical rent is $1,220 a month. Compared with all of Lincoln County, typical household income is 21% higher and the share of households that own their home is 8 points higher.

WhatsApp

  • Typical home value

    $351,100

    About the same as the county

    36% above South Dakota

    • Tea
    • Lincoln
    • South Dakota

  • Typical rent

    $1,220a month

    3% below the county

    29% above South Dakota

    • Tea
    • Lincoln
    • South Dakota

  • Typical household income

    $120,139a year

    21% above the county

    60% above South Dakota

    • Tea
    • Lincoln
    • South Dakota

  • Households that own their home

    80%

    8 points above the county

    11 points above South Dakota

    • Tea
    • Lincoln
    • South Dakota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$384,654
about the same as 12 months ago
Typical rent
$1,165 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Tea is in Lincoln County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lincoln County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Tea apart

What this place has that others do not, from public data, most unusual first.

  1. Tea has the highest typical household income of the 19 cities in South Dakota with more than 5,000 people: $120,139.

  2. Tea has the highest typical home value of the 19 cities in South Dakota with more than 5,000 people: $351,100.

  3. Nearby, in Madison, the typical home value is $193,100: 45% less than in Tea ($351,100).

  4. Nearby, in Vermillion, the typical rent is $764: 37% less than in Tea ($1,220).

  5. 80% of households in Tea own their home, against 71% in Lincoln County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Tea

What homes there are in Tea, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 74% of homes here, against 61% in Lincoln County.

Year built

In Tea, half of the homes were built before 2004; in Lincoln County, before 2005.

In Tea, 80% of homes have 3 bedrooms or more, more than in Lincoln County (66%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,993 a month

Lincoln County: $1,937 a month

Without a mortgage

$660 a month

Lincoln County: $741 a month

Owners with a mortgage

84%

Lincoln County: 67%

In Tea, 84% of owners have a mortgage; their typical cost is $1,993 a month, about the same as in Lincoln County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Tea gained value faster than in Lincoln County: 76% against 52%.

Since 2015–2019, the typical rent in Tea did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureTeaLincoln CountySouth DakotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.3%3.4%
People per household 3.132.522.392.53
Drive alone 75%80%77%69%
Carpool Unreliable estimate6%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 20%12%10%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes10 to 19 minutes20 to 29 minutes

More people live in each home here: 3.13 on average, against 2.52 in Lincoln County.

In Tea, 20% of workers work from home, more than in Lincoln County (12%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Tea?

A typical home is tight for the typical income

We start with a typical home in Tea, worth $351,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Tea, which is $120,139 a year. For that payment to be 28% of income, a household would need to earn about $127,935 a year.

The calculator's FHA and conventional loan limits are those of all of Lincoln County.

Your numbers

Local data
$

Starts at the typical home value in Tea. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,289 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,985

at 7.18% · 30 years

Loan amount
$344,740
Total interest
$496,000
Paid off in
November 2056

Includes $5,929 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,803 a month

  • Tight

    $2,803 to $3,604 a month

    Your payment · 30%

  • Hard

    more than $3,604 a month

Compared with the typical household income in Tea ($120,139 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,985
Principal & interest$2,335
Property tax$348
Home insurance$146
FHA mortgage insurance (MIP)$155

You need at least $12,289 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Tea and Lincoln County

Tea is in Lincoln County, South Dakota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Tea's own numbers

Typical home value
$351,100
Typical monthly rent
$1,220
Typical yearly household income
$120,139
Households that own their home
80%
Effective property tax rate
1.19%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lincoln County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,228
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
0.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lincoln County.

Everything about Lincoln County

Buying

Buying a home in Tea

A typical home in Tea is worth $351,100: about the same as the county and 36% above South Dakota. With the typical household income in Tea ($120,139 a year), a typical home costs 2.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Tea 2.9 years
  • Lincoln 3.5 years
  • South Dakota 3.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lincoln County

According to FHFA’s house price index, home prices in Lincoln County rose 78% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lincoln County.

Period County South Dakota U.S.
Last year (2025) +2.4% +3.1% +2.9%
5 years (2020–2025) +44% +50% +47%
10 years (2015–2025) +78% +85% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Tea next to Lincoln County, South Dakota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Tea $351,100
  • Lincoln $348,300
  • South Dakota $257,400
  • United States $332,700
Typical monthly rent
  • Tea $1,220
  • Lincoln $1,260
  • South Dakota $946
  • United States $1,413
Typical yearly household income
  • Tea $120,139
  • Lincoln $99,166
  • South Dakota $75,081
  • United States $80,734
See the full table
Tea next to Lincoln County and South Dakota
Measure Tea Lincoln County South Dakota U.S.
Typical home value $351,100 $348,300 $257,400 $332,700
Typical monthly rent $1,220 $1,260 $946 $1,413
Typical yearly household income $120,139 $99,166 $75,081 $80,734
Households that own their home 80% 71% 69% 65%
Typical yearly property tax $4,166 $3,990 $2,724 $3,119
Effective property tax rate 1.19% 1.15% 1.06% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lincoln County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Tea

For a typical $351,100 home in Tea, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Tea's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,985a month

    Least cash to close
    Down payment
    $12,289
    Cash to close
    $22,822
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $155

  • Conventional, 5% down $2,921a month

    Down payment
    $17,555
    Cash to close
    $28,088
    Rate
    7.18%
    Mortgage insurance
    PMI · $167

  • Conventional, 20% down, no PMI $2,397a month

    Down payment
    $70,220
    Cash to close
    $80,753
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,722a month

    Down payment
    $52,665
    Cash to close
    $63,198
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Tea and for Lincoln County.

Property tax

Effective rate in Tea

1.19%of the home’s value each year

$4,166 a year for the typical owner in Tea.

  • Tea 1.19%
  • Lincoln 1.15%
  • South Dakota 1.06%

What South Dakota publishes Owner-occupied classification (South Dakota Department of Revenue (Owner-Occupied Classification tax fact, July 2026))

Exemptions and deadlines in South Dakota

Flood risk in Lincoln County

FEMA does not publish these numbers by city: they are for all of Lincoln County.

Homes in the high-risk zone
0.7%
143
Of those, with NFIP insurance
18%
County South Dakota U.S.
Homes in the high-risk zone 0.7% 2.3% 3.5%
Of those, with NFIP insurance 18% 14% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Tea

Typical rent in Tea is $1,220 a month: 3% below the county.

HUD publishes a fair market rent for all of Lincoln County, by unit size. To pay the 2-bedroom one ($1,228 a month) without spending more than 30% of your income, you would need to earn $23.62 an hour working full time.

HUD fair market rent for all of Lincoln County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $941 $18.10 $37,640
1 bedroom $1,044 $20.08 $41,760
2 bedrooms $1,228 $23.62 $49,120
3 bedrooms $1,694 $32.58 $67,760
4 bedrooms $2,053 $39.48 $82,120

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Tea

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Tea is in ZIP code 57064.

For 2 bedrooms it is $1,530: $302 more than the fair market rent for Lincoln County ($1,228).

  • 57064 $1,530$2,110

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Tea when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Tea

HUD lists 3 buildings with rents for lower incomes in Tea. These are the largest.

  • Prescott Apts 820 E Brian St, Tea 57064 48 homes, 43 low-income · 2 bd: 24 · 3 bd: 24 · In service since 2012
  • High Pointe Townhomes I 200 W Highpointe St, Tea 57064 30 low-income homes · 2 bd: 18 · 3 bd: 12 · In service since 2004 · For families
  • Highpointe Townhomes II 140 W Highpointe St, Tea 57064 30 homes

See all 13 buildings in Lincoln County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Tea

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Lincoln County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Tea

No down payment, repair or rent-help program on our list is for Tea or Lincoln County. The ones below are statewide in South Dakota: they work in Tea the same as in the rest of the state.

Which programs do I qualify for? All programs in South Dakota

  • Fixed Rate Plus

    Statewide in South Dakota

    South Dakota state authority mortgage with 3% or 5% of the loan for the down payment and closing costs, as a 0% second mortgage with no payments, repaid when you sell or pay off the home. Offered by South Dakota Housing Development Authority.

    Deferred

    See the program Official page

  • South Dakota Housing Tax Credit (MCC)

    Statewide in South Dakota

    South Dakota state authority certificate that turns part of your mortgage interest into a credit on your federal taxes, of up to $2,000 a year while you live in the home and keep the original mortgage; for first-time buyers, requested through a participating lender before closing. Offered by South Dakota Housing Development Authority.

    Tax credit

    See the program Official page

Housing counselors near Tea

The HUD-approved agencies closest to the center of Tea, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lutheran Social Services of South Dakota - CCCS

    705 E 41st St, Sioux Falls · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (605) 330-2700

  • CCCS of LSS - South Dakota

    920 Broadway Ave, Yankton · 49 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (605) 665-2106

  • CCCS of LSS - South Dakota

    752 22nd Ave S, Brookings · 58 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (605) 692-9636

All counseling agencies in South Dakota

Help in Spanish near Tea

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Tea

In HUD’s record, no housing authority with an office in Lincoln County is named for Tea or Lincoln County.

2 other authorities have an office in Lincoln County: see the list Source: HUD

Cities

Other cities in Lincoln County

These cities are also in Lincoln County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lincoln County Housing in South Dakota

Nearby cities

The cities closest to Tea, with the typical home value.

Neighboring counties

If Lincoln County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Tea.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Tea

Short answers with the numbers for Tea and all of Lincoln County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Tea?

The typical home value in Tea is $351,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lincoln County it is $348,300.

How much does it cost to rent in Tea?

Typical rent in Tea is $1,220 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lincoln County is $1,228.

What is the FHA loan limit in Tea?

Tea uses the FHA limit for all of Lincoln County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Tea?

The typical homeowner in Tea pays $4,166 a year, according to the U.S. Census Bureau. That is 1.19% of the home’s value; in Lincoln County, the rate is 1.15%.

Where can I find free help to buy or rent in Tea?

We found no HUD-approved counseling agencies with an office in Lincoln County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).