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Tea, SD

Full City Profile · South Dakota · Lincoln County County

3.8 /5.0
B+ Good
6,339 Population 1,673/sq mi density
$104,643 Median Income $39,177 per capita
$305,300 Home Value $375,113 Zillow
$1,113 Median Rent 24.9% income on rent
46°F Avg Temperature 291 sunny days/yr
136 Violent Crime/100K 1,628 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$104,643 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$305,300 home value, $1,113/mo rent
F
Safety
1.0 / 5.0
136 violent crimes/100K
A
Education
4.3 / 5.0
41.4% bachelor's degree or higher

Housing Overview

Median Home Value
$305,300
8% above
US avg: $281,900
Median Rent
$1,113/mo
4% below
US avg: $1,163/mo
Homeownership Rate
79.3%
21% above US avg (65.4%)
Total Housing Units
2,020
Median year built: 2000

Home Value by Source

Census Median
$305,300
Zillow (ZHVI)
$375,113
Median Sale Price
$405,750
Median List Price
$342,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

79.3%
Owner-Occupied
20.7%
Renter-Occupied
79%
21%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent: $1,113/mo

Market Indicators (Redfin)

Median Days on Market
305 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
3.8%
of listings with price reduction
Price Per Sq Ft
$239
Active Inventory
53
homes for sale

Affordability & Housing Stock

Rent Burden
24.9%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
2000
Average age of housing stock: 26 years
Homeownership Rate
79.3%

Complete Housing Data

Home Values

Census Median Value$305,300
Zillow Home Value (ZHVI)$375,113
Median Sale Price$405,750
Median List Price$342,500
Price Per Sq Ft$239

Rent

Census Median Rent$1,113
FMR Studio$691
FMR 1-Bedroom$784
FMR 2-Bedroom$990
FMR 3-Bedroom$1,295
FMR 4-Bedroom$1,540

Market

Days on Market305
Sale-to-List Ratio1.0%
Price Drops3.8%
Homes Sold6
Active Inventory53
Price Per Sq Ft$239

Ownership & Stock

Owner-Occupied79.3%
Renter-Occupied20.7%
Homeownership Rate79.3%
Total Housing Units2,020
Median Year Built2000
Rent Burden24.9%