Home Price Key
Affordable
Average
Expensive
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 $132,395, lower than the Illinois average of $242,002.
The average cost of rent is $715/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. While nearly 39.17% of residents own their homes outright in Lincoln, 35.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $5,176 per month. Households that rent pay about 13.81% of their income on rent here. Lincoln's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Elkhart, IL: equally priced homes
- Lawndale, IL: higher priced homes
- Broadwell, IL: equally priced homes
- Hartsburg, IL: equally priced homes
- Beason, IL: equally priced homes
- Atlanta, IL: less expensive homes
- New Holland, IL: less expensive homes
- Mount Pulaski, IL: less expensive homes
- Middletown, IL: higher priced homes
- Chestnut, IL: higher priced homes
Cities with Similar Populations
- Justice, IL: higher priced homes
- Riverside, RI: higher priced homes
- Rio Linda, CA: higher priced homes
- Rhinelander, WI: higher priced homes
- Plymouth Meeting, PA: higher priced homes
- Laurel, VA: higher priced homes
- Lake Wylie, SC: higher priced homes
- Lake Ronkonkoma, NY: higher priced homes
- Adelphi, MD: higher priced homes
- Key Biscayne, FL: higher priced homes
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