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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 $74,000, lower than the Kentucky average of $219,615.
The average cost of rent is $946/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. In Lincoln, 35.48% of households rent, and 78.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $2,836 per month. Households that rent pay about 33.36% of their income on rent here. Lincoln’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bluehole, KY: equally priced homes
- Ogle, KY: higher priced homes
- Sprule, KY: higher priced homes
- Garrard, KY: higher priced homes
- Green Road, KY: higher priced homes
- Hammond, KY: higher priced homes
- Brightshade, KY: less expensive homes
- Lake, KY: higher priced homes
- Urban, KY: higher priced homes
- Manchester, KY: higher priced homes
Cities with Similar Populations
- Whitakerville, MO: higher priced homes
- Ingram, WI: higher priced homes
- Ioka, UT: higher priced homes
- Iola, IL: higher priced homes
- Irving College, TN: higher priced homes
- Jacksonport, WI: higher priced homes
- Jonas Ridge, NC: higher priced homes
- White Run, KY: higher priced homes
- White Hills, AZ: higher priced homes
- White Elm, IA: higher priced homes
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