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These days, finding an affordable place to live in the Lincoln area can be challenging. Home prices in Lincoln are now at a median cost of $264,330, lower than the Delaware average of $361,617.
The average cost of rent is $1,291/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. In Lincoln, 17.05% of households rent, and 46.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $5,639 per month. Households that rent pay about 22.89% of their income on rent here. Lincoln’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Milford, DE: higher priced homes
- Ellendale, DE: higher priced homes
- Slaughter Beach, DE: higher priced homes
- Mispillion Light, DE: higher priced homes
- Houston, DE: higher priced homes
- Primehook Beach, DE: higher priced homes
- Chestnut Knoll, DE: higher priced homes
- Redden, DE: equally priced homes
- Marvels Crossroads, DE: equally priced homes
- Farmington, DE: equally priced homes
Cities with Similar Populations
- Walls, MS: less expensive homes
- White Oak, PA: less expensive homes
- White, GA: higher priced homes
- Wheatfield, IN: equally priced homes
- Westminster, MA: higher priced homes
- Weldon Spring, MO: higher priced homes
- Weiser, ID: equally priced homes
- Wedgefield, FL: higher priced homes
- Hertford, NC: equally priced homes
- Water Valley, MS: less expensive homes
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